Costa Rica: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Costa Rica

After two years of growth, the Costa Rican leather sports gloves market decreased by -21.5% to $X in 2022. Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +44.7% against 2019 indices. As a result, consumption attained the peak level of $X, and then reduced sharply in the following year.

Leather Sports Gloves Exports

Exports from Costa Rica

Leather sports gloves exports from Costa Rica rose sharply to X units in 2022, increasing by 8.3% against 2021. Over the period under review, exports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 324% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, leather sports gloves exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by 230%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X units), the United States (X units) and Nicaragua (X units) were the main destinations of leather sports gloves exports from Costa Rica, together accounting for 96% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +68.6%), while the other leaders experienced mixed trend patterns.

In value terms, Panama ($X) remains the key foreign market for leather sports gloves, mittens and mitts exports from Costa Rica, comprising 72% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a 22% share of total exports. It was followed by the United States, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value to Panama amounted to +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (-18.2% per year) and the United States (+68.2% per year).

Export Prices by Country

The average leather sports gloves export price stood at $X per unit in 2022, surging by 42% against the previous year. Over the period under review, the export price recorded a tangible expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 363%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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 Panama ($X per unit), while the average price for exports to Mexico ($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 Peru (+497.7%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports into Costa Rica

In 2022, after two years of growth, there was significant decline in supplies from abroad of leather sports gloves, mittens and mitts, when their volume decreased by -23.6% to X units. Over the period under review, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2021 when imports increased by 87%. As a result, imports reached the peak of X units, and then declined sharply in the following year.

In value terms, leather sports gloves imports contracted significantly to $X in 2022. In general, imports recorded a mild decline. The pace of growth appeared the most rapid in 2021 with an increase of 61% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Pakistan (X units) and the United States (X units) were the main suppliers of leather sports gloves imports to Costa Rica, together comprising 95% of total imports. Taiwan (Chinese), Thailand and Panama lagged somewhat behind, together comprising a further 3.6%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +14.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest leather sports gloves suppliers to Costa Rica were Pakistan ($X), China ($X) and the United States ($X), together comprising 89% of total imports. Taiwan (Chinese), Thailand and Panama lagged somewhat behind, together comprising a further 7.6%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +21.1%, saw 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 2022, the average leather sports gloves import price amounted to $X per unit, picking up by 6% against the previous year. Overall, the import price, however, saw a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 72%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform