Costa Rica: Monitors And Projectors Market 2024

Monitors And Projectors Market Size in Costa Rica

In 2022, the Costa Rican monitors and projectors market increased by 1% to $X, rising for the fourth consecutive year after three years of decline. In general, consumption, however, continues to indicate a mild decrease. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Monitors And Projectors Exports

Exports from Costa Rica

In 2022, overseas shipments of monitors and projectors increased by 15% to X units, rising for the fifth year in a row after five years of decline. Over the period under review, exports, however, continue to indicate a deep slump. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, monitors and projectors exports rose slightly to $X in 2022. Overall, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X units), Germany (X units) and El Salvador (X units) were the main destinations of monitors and projectors exports from Costa Rica, with a combined 59% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +63.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for monitors and projectors exports from Costa Rica, comprising 65% of total exports. The second position in the ranking was taken by Panama ($X), with a 9.1% share of total exports. It was followed by Chile, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-4.4% per year) and Chile (+73.1% per year).

Export Prices by Country

The average monitors and projectors export price stood at $X per unit in 2022, reducing by -11.1% against the previous year. In general, the export price, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 137%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malaysia ($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 the United States (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Monitors And Projectors Imports

Imports into Costa Rica

In 2022, monitors and projectors imports into Costa Rica rose rapidly to X units, increasing by 7% on the previous year's figure. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 52%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, monitors and projectors imports shrank to $X in 2022. Over the period under review, imports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2015 with an increase of 41% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest monitors and projectors supplier to Costa Rica, accounting for a 89% share of total imports. Moreover, monitors and projectors imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. China (X units) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+34.7% per year) and China (-19.9% per year).

In value terms, the United States ($X) constituted the largest supplier of monitors and projectors to Costa Rica, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 9.4% share of total imports. It was followed by Japan, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.8% per year) and Japan (+26.7% per year).

Import Prices by Country

The average monitors and projectors import price stood at $X per unit in 2022, dropping by -7.4% against the previous year. Over the period under review, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 15%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for the United States ($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 (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform