Costa Rica: Market for Silk Shawls And Scarves 2025

Market Size for Silk Shawls And Scarves in Costa Rica

The Costa Rican silk shawl and scarf market reduced rapidly to $X in 2022, declining by -23.3% 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, consumption saw a drastic downturn. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Silk Shawls And Scarves

Exports from Costa Rica

In 2022, shipments abroad of silk shawls and scarves decreased by 0% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 1,800% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, silk shawl and scarf exports stood at $X in 2022. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 2,397% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), Spain (X units) and Nicaragua (X units) were the main destinations of silk shawl and scarf exports from Costa Rica, with a combined 82% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +32.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Spain ($X) and Panama ($X) were the largest markets for silk shawl and scarf exported from Costa Rica worldwide, together accounting for 87% of total exports.

The United States, with a CAGR of +48.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average silk shawl and scarf export price amounted to $X per unit, standing approx. at the previous year. In general, the export price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Honduras ($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 Panama (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silk Shawls And Scarves

Imports into Costa Rica

In 2022, silk shawl and scarf imports into Costa Rica dropped markedly to X units, shrinking by -24.1% compared with the previous year. Over the period under review, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 29%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, silk shawl and scarf imports reduced remarkably to $X in 2022. In general, imports showed a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 74%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X units) constituted the largest silk shawl and scarf supplier to Costa Rica, with a 44% share of total imports. Moreover, silk shawl and scarf imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by India (X units), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.5% per year) and India (-14.4% per year).

In value terms, the largest silk shawl and scarf suppliers to Costa Rica were China ($X), Spain ($X) and Italy ($X), together comprising 52% of total imports. The United States, Uruguay, Indonesia, India, Panama and Colombia lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, Uruguay, with a CAGR of +13.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average silk shawl and scarf import price amounted to $X per unit, picking up by 3.8% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2021 an increase of 35%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

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 Panama ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform