Costa Rica: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2025

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Costa Rica

After two years of growth, the Costa Rican stainless steel household articles market decreased by -15.5% to $X in 2022. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Costa Rica

In 2022, overseas shipments of table, kitchen or household articles and parts of stainless steel were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2017 when exports increased by 799%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, stainless steel household articles exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 when exports increased by 777%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X units), the United States (X units) and Cuba (X units) were the main destinations of stainless steel household articles exports from Costa Rica, with a combined 63% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +49.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) remains the key foreign market for table, kitchen or household articles and parts of stainless steel exports from Costa Rica, comprising 64% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by El Salvador, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to Peru totaled +79.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.5% per year) and El Salvador (-7.7% per year).

Export Prices by Country

The average stainless steel household articles export price stood at $X per unit in 2022, reducing by -21.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 74% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Cuba ($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 Peru (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Costa Rica

In 2022, the amount of table, kitchen or household articles and parts of stainless steel imported into Costa Rica contracted to X units, falling by -13.8% compared with the previous year. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 52%. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, stainless steel household articles imports reduced to $X in 2022. Over the period under review, imports recorded a mild reduction. The pace of growth was the most pronounced in 2016 with an increase of 41% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest stainless steel household articles supplier to Costa Rica, accounting for a 53% share of total imports. Moreover, stainless steel household articles imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. India (X units) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.0% per year) and India (+7.7% per year).

In value terms, the largest stainless steel household articles suppliers to Costa Rica were China ($X), the United States ($X) and India ($X), together comprising 82% of total imports. Vietnam, Taiwan (Chinese), Panama, South Korea, Canada, Poland and Hong Kong SAR lagged somewhat behind, together accounting for a further 8.8%.

Poland, with a CAGR of +55.0%, saw the highest rates of growth with regard to the value of imports, in terms of 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 stainless steel household articles import price amounted to $X per unit, remaining constant against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 16% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform