Costa Rica: Mattress Market 2024

Mattress Market Size in Costa Rica

The Costa Rican mattress market was estimated at $X in 2022, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a remarkable increase. Mattress consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Mattress Exports

Exports from Costa Rica

In 2022, exports of mattresses from Costa Rica rose significantly to X units, growing by X% against 2021 figures. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, mattress exports expanded notably to $X in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Nicaragua (X units) was the main destination for mattress exports from Costa Rica, accounting for a X% share of total exports. Moreover, mattress exports to Nicaragua exceeded the volume sent to the second major destination, Panama (X units), sevenfold. Honduras (X units) ranked third in terms of total exports with less than X% share.

From 2012 to 2022, the average annual growth rate of volume to Nicaragua totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Honduras (X% per year).

In value terms, Nicaragua ($X) remains the key foreign market for mattresses exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with a X% share of total exports. It was followed by Honduras, with less than X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nicaragua totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Honduras (X% per year).

Export Prices by Country

The average mattress export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Guatemala ($X per unit) and Honduras ($X per unit), while the average price for exports to Nicaragua ($X per unit) and Panama ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (X%), while the prices for the other major destinations experienced a decline.

Mattress Imports

Imports into Costa Rica

Mattress imports into Costa Rica shrank to X units in 2022, dropping by X% against 2021 figures. In general, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, mattress imports skyrocketed to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Honduras (X units), El Salvador (X units) and Guatemala (X units) were the main suppliers of mattress imports to Costa Rica, with a combined X% share of total imports. China, Trinidad and Tobago and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Trinidad and Tobago (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), El Salvador ($X) and Guatemala ($X) constituted the largest mattress suppliers to Costa Rica, with a combined X% share of total imports. China, Trinidad and Tobago and the United States lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Trinidad and Tobago, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were El Salvador ($X per unit) and Honduras ($X per unit), while the price for Trinidad and Tobago ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform