Costa Rica: Table Linen Market 2024

Table Linen Market Size in Costa Rica

The Costa Rican table linen market shrank to $X in 2022, which is down by -11.8% against the previous year. In general, consumption continues to indicate a noticeable contraction. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Table Linen Production in Costa Rica

In value terms, table linen production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2018 with an increase of 131%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Table Linen Exports

Exports from Costa Rica

In 2022, overseas shipments of table linen, knitted or crocheted decreased by -29.8% to X kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 159% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, table linen exports shrank markedly to $X in 2022. Overall, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2017 when exports increased by 158% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nicaragua (X kg) was the main destination for table linen exports from Costa Rica, with a 45% share of total exports. Moreover, table linen exports to Nicaragua exceeded the volume sent to the second major destination, the United States (X kg), twofold. The third position in this ranking was held by Iceland (X kg), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nicaragua amounted to -15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+27.6% per year) and Iceland (0.0% per year).

In value terms, the largest markets for table linen exported from Costa Rica were Nicaragua ($X), Iceland ($X) and the United States ($X), together comprising 55% of total exports. Mexico, Guatemala, Honduras, the Dominican Republic and Venezuela lagged somewhat behind, together comprising a further 18%.

Among the main countries of destination, Mexico, with a CAGR of +45.1%, recorded 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

In 2022, the average table linen export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2019 an increase of 144% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Venezuela ($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 Honduras (+33.2%), while the prices for the other major destinations experienced more modest paces of growth.

Table Linen Imports

Imports into Costa Rica

In 2022, table linen imports into Costa Rica contracted markedly to X tons, which is down by -22.8% against the previous year. Overall, imports recorded a slight contraction. The pace of growth was the most pronounced in 2021 with an increase of 82% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, table linen imports reduced rapidly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of table linen to Costa Rica, accounting for a 48% share of total imports. Moreover, table linen imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.3% per year) and India (+4.3% per year).

In value terms, China ($X) constituted the largest supplier of table linen, knitted or crocheted to Costa Rica, comprising 42% of total imports. The second position in the ranking was taken by India ($X), with a 15% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+5.4% per year) and the United States (+1.6% per year).

Import Prices by Country

In 2022, the average table linen import price amounted to $X per ton, surging by 4% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 13% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform