Costa Rica: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2025

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Costa Rica

The Costa Rican electric oven and cooker market reduced to $X in 2022, which is down by -8.6% 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, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.0% 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 +10.3% against 2020 indices. Electric oven and cooker consumption peaked at $X in 2021, and then shrank in the following year.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Costa Rica

In 2022, shipments abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters was finally on the rise to reach X units after eight years of decline. In general, exports, however, continue to indicate a drastic downturn. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, electric oven and cooker exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt decrease. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X units), Guatemala (X units) and Colombia (X units) were the main destinations of electric oven and cooker exports from Costa Rica, with a combined 68% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +75.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Guatemala ($X) and Colombia ($X) were the largest markets for electric oven and cooker exported from Costa Rica worldwide, with a combined 68% share of total exports.

Among the main countries of destination, Colombia, with a CAGR of +66.6%, saw the highest growth rate of 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

The average electric oven and cooker export price stood at $X per unit in 2022, rising by 2.9% against the previous year. Overall, the export price, however, continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2013 when the average export price increased by 6.2%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Nicaragua ($X per unit) and Honduras ($X per unit), while the average price for exports to El Salvador ($X per unit) and Panama ($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 Panama (-3.0%), while the prices for the other major destinations experienced a decline.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Costa Rica

In 2022, approx. X units of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters were imported into Costa Rica; which is down by -6.2% against 2021. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% 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 +7.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 47% against the previous year. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, electric oven and cooker imports fell to $X in 2022. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +10.2% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by 41% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

China (X units), the United States (X units) and Mexico (X units) were the main suppliers of electric oven and cooker imports to Costa Rica, with a combined 93% share of total imports. Thailand and Italy lagged somewhat behind, together comprising a further 4.7%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +65.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric oven and cooker suppliers to Costa Rica were China ($X), the United States ($X) and Mexico ($X), together accounting for 93% of total imports. Thailand and Italy lagged somewhat behind, together accounting for a further 4.8%.

In terms of the main suppliers, Thailand, with a CAGR of +64.1%, recorded the highest rates of growth with regard to 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 electric oven and cooker import price amounted to $X per unit, which is down by -2.4% against the previous year. Overall, the import price saw a slight descent. The pace of growth appeared the most rapid in 2020 when the average import price increased by 9.4% against the previous year. Over the period under review, average import prices hit record highs 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 highest price was recorded for prices from Thailand ($X per unit) and China ($X per unit), while the price for Mexico ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform