Costa Rica: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Costa Rica

The Costa Rican wooden bedroom furniture market dropped to $X in 2022, which is down by X% against the previous year. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Wooden bedroom furniture consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Wooden Bedroom Furniture Production in Costa Rica

In value terms, wooden bedroom furniture production fell to $X in 2022 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Wooden bedroom furniture production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Wooden Bedroom Furniture Exports

Exports from Costa Rica

After three years of growth, shipments abroad of wooden furniture of a kind used in the bedroom decreased by X% to X units in 2022. In general, exports, however, showed a noticeable expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden bedroom furniture exports contracted notably to $X in 2022. Overall, exports, however, continue to indicate a noticeable increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X units) was the main destination for wooden bedroom furniture exports from Costa Rica, with a X% share of total exports. Moreover, wooden bedroom furniture exports to Panama exceeded the volume sent to the second major destination, Nicaragua (X units), threefold. The third position in this ranking was taken by the United States (X units), with a X% share.

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

In value terms, Panama ($X) remains the key foreign market for wooden furniture of a kind used in the bedroom exports from Costa Rica, comprising X% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

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

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, the export price, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($X per unit) and El Salvador ($X per unit), while the average price for exports to Guatemala ($X per unit) and Germany ($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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Costa Rica

In 2022, wooden bedroom furniture imports into Costa Rica fell to X units, reducing by X% compared with 2021. Over the period under review, imports continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wooden bedroom furniture imports stood at $X in 2022. Overall, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X units), El Salvador (X units) and China (X units) were the main suppliers of wooden bedroom furniture imports to Costa Rica, together accounting for X% of total imports. Vietnam, Italy, Colombia, Malaysia 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 Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden bedroom furniture suppliers to Costa Rica were Brazil ($X), El Salvador ($X) and China ($X), with a combined X% share of total imports. Vietnam, Italy, Colombia, Malaysia and the United States lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average wooden bedroom furniture import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden bedroom furniture import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per unit) and El Salvador ($X per unit), while the price for the United States ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :