Costa Rica: Shampoo Market 2024

Shampoo Market Size in Costa Rica

In 2022, after two years of growth, there was decline in the Costa Rican shampoo market, when its value decreased by X% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Shampoo consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Shampoo Exports

Exports from Costa Rica

In 2022, overseas shipments of shampoos increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, shampoo exports rose slightly to $X in 2022. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Panama (X tons), Guatemala (X tons) and Nicaragua (X tons) were the main destinations of shampoo exports from Costa Rica, with a combined X% share of total exports. El Salvador, Honduras and the Dominican Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by El Salvador (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) remains the key foreign market for shampoos exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with a X% share of total exports. It was followed by El Salvador, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and El Salvador (X% per year).

Export Prices by Country

The average shampoo export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, shampoo export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Shampoo Imports

Imports into Costa Rica

After two years of growth, supplies from abroad of shampoos decreased by less than X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, shampoo imports shrank to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of shampoo to Costa Rica, with a X% share of total imports. Moreover, shampoo imports from Mexico exceeded the figures recorded by the second-largest supplier, Colombia (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and the United States (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of shampoos to Costa Rica, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and the United States (X% per year).

Import Prices by Country

The average shampoo import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price recorded a noticeable decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform