Costa Rica: Lamp Holder Market 2024

Lamp Holder Market Size in Costa Rica

The Costa Rican lamp holder market declined to $X in 2022, which is down by -6.4% against the previous year. Over the period under review, consumption, however, continues to indicate a prominent expansion. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Lamp Holder Production in Costa Rica

In value terms, lamp holder production rose notably to $X in 2022 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.6% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 45% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Lamp Holder Exports

Exports from Costa Rica

In 2022, shipments abroad of lamp holders, plugs and sockets was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a mild decline. The most prominent rate of growth was recorded in 2013 when exports increased by 15% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, lamp holder exports contracted to $X in 2022. Overall, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by 43%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X tons), Ecuador (X tons) and El Salvador (X tons) were the main destinations of lamp holder exports from Costa Rica, with a combined 0.7% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +4.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lamp holder exported from Costa Rica were the United States ($X), Guatemala ($X) and Ecuador ($X), with a combined 38% share of total exports.

Guatemala, with a CAGR of +3.5%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average lamp holder export price stood at $X per ton in 2021, picking up by 29% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the 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 China ($X per ton), while the average price for exports to Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Holder Imports

Imports into Costa Rica

Lamp holder imports into Costa Rica dropped to X tons in 2022, falling by -7.7% compared with 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 41%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, lamp holder imports declined rapidly to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +25.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Mexico (X tons) and the United States (X tons) were the main suppliers of lamp holder imports to Costa Rica, with a combined 0.9% share of total imports. These countries were followed by Colombia, which accounted for a further 0.1%.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +29.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lamp holder suppliers to Costa Rica were the United States ($X), Mexico ($X) and China ($X), together comprising 86% of total imports. These countries were followed by Colombia, which accounted for a further 7.2%.

In terms of the main suppliers, Colombia, with a CAGR of +30.1%, recorded the highest growth rate of 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 2021, the average lamp holder import price amounted to $X per ton, jumping by 28% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lamp holder import price decreased by -19.6% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 56% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform