Costa Rica: Keyboards Market 2025

Keyboards Market Size in Costa Rica

The Costa Rican keyboards market dropped to $X in 2022, shrinking by -11.7% 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 recorded a slight decrease. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Keyboards Exports

Exports from Costa Rica

For the third year in a row, Costa Rica recorded growth in shipments abroad of keyboards, which increased by 15% to X units in 2022. In general, exports, however, recorded a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 282% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, keyboards exports skyrocketed to $X in 2022. Overall, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 234% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units) was the main destination for keyboards exports from Costa Rica, with a 47% share of total exports. Moreover, keyboards exports to Malaysia exceeded the volume sent to the second major destination, Guatemala (X units), threefold. The third position in this ranking was held by El Salvador (X units), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+10.4% per year) and El Salvador (+38.8% per year).

In value terms, the largest markets for keyboards exported from Costa Rica were the United States ($X), Guatemala ($X) and El Salvador ($X), with a combined 61% share of total exports.

El Salvador, with a CAGR of +42.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 keyboards export price amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the export price, however, saw a slight descent. The pace of growth was the most pronounced in 2017 an increase of 67% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to South Africa ($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 Singapore (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.

Keyboards Imports

Imports into Costa Rica

Keyboards imports into Costa Rica dropped dramatically to X units in 2022, falling by -20.4% on the year before. Overall, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2018 when imports increased by 133%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, keyboards imports declined to $X in 2022. In general, imports recorded a mild shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 112%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest keyboards supplier to Costa Rica, accounting for a 59% share of total imports. Moreover, keyboards imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Panama (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.6% per year) and Panama (+51.5% per year).

In value terms, the United States ($X) constituted the largest supplier of keyboards to Costa Rica, comprising 75% of total imports. The second position in the ranking was taken by China ($X), with a 6.7% share of total imports. It was followed by Panama, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.4% per year) and Panama (+32.1% per year).

Import Prices by Country

In 2022, the average keyboards import price amounted to $X per unit, with an increase of 16% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, keyboards import price decreased by -17.4% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform