Costa Rica: Domestic Toaster Market 2024

Domestic Toaster Market Size in Costa Rica

The Costa Rican domestic toaster market contracted notably to $X in 2022, waning by -17.9% 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). Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Domestic Toaster Exports

Exports from Costa Rica

In 2022, shipments abroad of domestic electric toasters was finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2015 when exports increased by 284% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, domestic toaster exports soared to $X in 2022. Over the period under review, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2015 when exports increased by 254%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Nicaragua (X units), Panama (X units) and Guatemala (X units) were the main destinations of domestic toaster exports from Costa Rica, with a combined 76% share of total exports. The United States, Mexico, El Salvador and France lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +26.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nicaragua ($X), Panama ($X) and Guatemala ($X) appeared to be the largest markets for domestic toaster exported from Costa Rica worldwide, with a combined 67% share of total exports. The United States, Mexico, El Salvador and France lagged somewhat behind, together comprising a further 27%.

Among the main countries of destination, France, with a CAGR of +28.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average domestic toaster export price amounted to $X per unit, rising by 7.3% against the previous year. Over the period under review, the export price, however, saw a slight decline. The growth pace was the most rapid in 2014 when the average export price increased by 10%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Domestic Toaster Imports

Imports into Costa Rica

In 2022, the amount of domestic electric toasters imported into Costa Rica dropped markedly to X units, waning by -16.2% on 2021. In general, imports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 64%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, domestic toaster imports shrank sharply to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 55%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of domestic toaster to Costa Rica, with a 65% share of total imports. Moreover, domestic toaster imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -3.3%.

In value terms, China ($X) constituted the largest supplier of domestic electric toasters to Costa Rica, comprising 65% of total imports. The second position in the ranking was held by the United States ($X), with a 33% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

In 2022, the average domestic toaster import price amounted to $X per unit, shrinking by -1.7% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, domestic toaster import price increased by +19.0% against 2019 indices. The pace of growth was the most pronounced in 2016 an increase of 30% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then reduced slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.2%).

Source: IndexBox Platform