Costa Rica: Market for Non-Upholstered Seats With Wooden Frames 2024

Market Size for Non-Upholstered Seats With Wooden Frames in Costa Rica

The Costa Rican wooden frame non-upholstered seat market fell sharply to $X in 2022, which is down by -22.9% 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 showed a relatively flat trend pattern. Wooden frame non-upholstered seat consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Costa Rica

In 2022, the amount of non-upholstered seats with wooden frames exported from Costa Rica declined notably to X units, which is down by -22% on the previous year. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 158% against the previous year. The exports peaked at X units in 2021, and then dropped dramatically in the following year.

In value terms, wooden frame non-upholstered seat exports dropped remarkably to $X in 2022. In general, exports, however, continue to indicate measured growth. The most prominent rate of growth was recorded in 2013 when exports increased by 170%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), Mexico (X units) and Panama (X units) were the main destinations of wooden frame non-upholstered seat exports from Costa Rica, with a combined 91% share 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 Mexico (with a CAGR of +71.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden frame non-upholstered seat exported from Costa Rica were the United States ($X), Mexico ($X) and Panama ($X), together comprising 91% of total exports.

Among the main countries of destination, Mexico, with a CAGR of +54.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden frame non-upholstered seat export price stood at $X per unit in 2022, flattening at the previous year. In general, the export price, however, saw a deep contraction. The pace of growth was the most pronounced in 2015 an increase of 48%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Panama ($X per unit) and the United States ($X per unit), while the average price for exports to Mexico ($X per unit) and Guatemala ($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 Guatemala (-9.6%), while the prices for the other major destinations experienced a decline.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Costa Rica

Wooden frame non-upholstered seat imports into Costa Rica reduced markedly to X units in 2022, which is down by -20.2% compared with the previous year's figure. Over the period under review, imports, however, saw a mild expansion. The growth pace was the most rapid in 2017 when imports increased by 76%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, wooden frame non-upholstered seat imports dropped rapidly to $X in 2022. Overall, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 102% against the previous year. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

China (X units), the United States (X units) and Nicaragua (X units) were the main suppliers of wooden frame non-upholstered seat imports to Costa Rica, with a combined 70% share of total imports. Indonesia, Italy, Brazil, Belgium, Vietnam, Spain and Malaysia lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +40.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame non-upholstered seat suppliers to Costa Rica were China ($X), the United States ($X) and Nicaragua ($X), with a combined 71% share of total imports. Indonesia, Italy, Brazil, Belgium, Vietnam, Spain and Malaysia lagged somewhat behind, together comprising a further 20%.

Belgium, with a CAGR of +45.8%, saw the highest growth rate of the value of imports, among the main suppliers 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 wooden frame non-upholstered seat import price amounted to $X per unit, falling by -6.3% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price 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, wooden frame non-upholstered seat import price increased by +64.5% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 32%. The import price peaked at $X per unit in 2021, and then dropped in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per unit) and Belgium ($X per unit), while the price for Malaysia ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform