Costa Rica: Market for Mattresses other than of cellular rubber or plastics 2025

Market Size for Mattresses other than of cellular rubber or plastics in Costa Rica

The Costa Rican market for mattresses other than of cellular rubber or plastics fell slightly to $X in 2022, remaining constant 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). Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -19.7% against 2019 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Costa Rica

In 2022, after three years of growth, there was significant decline in shipments abroad of mattresses other than of cellular rubber or plastics, when their volume decreased by -24.8% to X units. Overall, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 138% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2021, and then dropped dramatically in the following year.

In value terms, exports of mattresses other than of cellular rubber or plastics declined significantly to $X in 2022. Over the period under review, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by 142% against the previous year. The exports peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Nicaragua (X units), Panama (X units) and Honduras (X units) were the main destinations of exports of mattresses other than of cellular rubber or plastics from Costa Rica, together comprising 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of +37.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Nicaragua ($X), Panama ($X) and Honduras ($X) appeared to be the largest markets for mattresses other than of cellular rubber or plastics exported from Costa Rica worldwide, together comprising 98% of total exports.

Nicaragua, with a CAGR of +37.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, approximately equating the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 35% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Honduras ($X per unit) and Guatemala ($X per unit), while the average price for exports to Nicaragua ($X per unit) and Panama ($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 Honduras (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Costa Rica

In 2022, imports of mattresses other than of cellular rubber or plastics into Costa Rica fell to X units, reducing by -8.6% on 2021. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 178% against the previous year. Over the period under review, imports of attained the peak figure at X units in 2021, and then contracted in the following year.

In value terms, imports of mattresses other than of cellular rubber or plastics contracted to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +35.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 45%. Over the period under review, imports of hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

El Salvador (X units), Honduras (X units) and Guatemala (X units) were the main suppliers of imports of mattresses other than of cellular rubber or plastics to Costa Rica, together accounting for 77% of total imports. China and the United States lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +25.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), El Salvador ($X) and Guatemala ($X) were the largest mattresses other than of cellular rubber or plastics suppliers to Costa Rica, with a combined 77% share of total imports. China and the United States lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, China, with a CAGR of +16.4%, 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

The average import price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, increasing by 3.1% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 36% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 China ($X per unit) and Guatemala ($X per unit), while the price for El Salvador ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform