Costa Rica: Market for Bed Linen Of Knitted Or Crocheted Textiles 2024

Market Size for Bed Linen Of Knitted Or Crocheted Textiles in Costa Rica

In 2022, the Costa Rican market for bed linen of knitted or crocheted textiles decreased by -19.7% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, posted resilient growth. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

Exports of Bed Linen Of Knitted Or Crocheted Textiles

Exports from Costa Rica

Exports of bed linen of knitted or crocheted textiles from Costa Rica fell to X tons in 2022, reducing by -11.4% compared with the year before. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2014 with an increase of 548% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, exports of bed linen of knitted or crocheted textiles fell slightly to $X in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 612% against the previous year. The exports peaked at $X in 2021, and then dropped slightly in the following year.

Exports by Country

Guatemala (X tons) was the main destination for exports of bed linen of knitted or crocheted textiles from Costa Rica, accounting for a 80% share of total exports. Moreover, exports of bed linen of knitted or crocheted textiles to Guatemala exceeded the volume sent to the second major destination, Panama (X kg), more than tenfold. The Dominican Republic (X kg) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala amounted to +123.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+68.8% per year) and the Dominican Republic (+65.3% per year).

In value terms, Guatemala ($X) remains the key foreign market for bed linen of knitted or crocheted textiles exports from Costa Rica, comprising 90% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 1.3% share of total exports. It was followed by Panama, with a 1.1% share.

From 2012 to 2022, the average annual growth rate of value to Guatemala amounted to +145.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+42.3% per year) and Panama (+58.1% per year).

Export Prices by Country

The average export price for bed linen of knitted or crocheted textiles stood at $X per ton in 2022, rising by 12% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 40%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bed Linen Of Knitted Or Crocheted Textiles

Imports into Costa Rica

After two years of growth, overseas purchases of bed linen of knitted or crocheted textiles decreased by -21% to X tons in 2022. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 72%. As a result, imports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, imports of bed linen of knitted or crocheted textiles shrank remarkably to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 61% against the previous year. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

China (X tons), the United States (X tons) and Panama (X tons) were the main suppliers of imports of bed linen of knitted or crocheted textiles to Costa Rica, together accounting for 86% of total imports. Taiwan (Chinese) lagged somewhat behind, accounting for a further 7.9%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +69.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of bed linen of knitted or crocheted textiles to Costa Rica, comprising 59% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by Panama, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +29.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.3% per year) and Panama (+20.6% per year).

Import Prices by Country

In 2022, the average import price for bed linen of knitted or crocheted textiles amounted to $X per ton, with an increase of 2.5% against the previous year. Overall, the import price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform