Costa Rica: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Costa Rica

In 2022, the Costa Rican telephone apparatus market increased by 32% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a strong expansion. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Telephone Apparatus Exports

Exports from Costa Rica

Telephone apparatus exports from Costa Rica contracted slightly to X tons in 2022, which is down by -2% compared with the previous year's figure. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2013 when exports increased by 204% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, telephone apparatus exports rose sharply to $X in 2022. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 328%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Guatemala (X tons), Panama (X tons) and the United States (X tons) were the main destinations of telephone apparatus exports from Costa Rica, with a combined 97% share of total exports. Hong Kong SAR, El Salvador, Colombia, Ecuador and the Dominican Republic lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +44.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Panama ($X) and Hong Kong SAR ($X) constituted the largest markets for telephone apparatus exported from Costa Rica worldwide, together comprising 95% of total exports.

Among the main countries of destination, Hong Kong SAR, with a CAGR of +41.5%, 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 telephone apparatus export price stood at $X per ton in 2021, falling by -2.8% against the previous year. In general, the export price continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2013 an increase of 41% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 the United States ($X per ton), while the average price for exports to El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Costa Rica

In 2022, supplies from abroad of telephone apparatus increased by 14% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a buoyant increase. The pace of growth was the most pronounced in 2015 when imports increased by 145% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, telephone apparatus imports surged to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.3% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 60%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The United States (X tons), China (X tons) and Hong Kong SAR (X tons) were the main suppliers of telephone apparatus imports to Costa Rica, together accounting for 37% of total imports. Panama, Vietnam, Mexico, Taiwan (Chinese) and Sweden lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of +30.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest telephone apparatus suppliers to Costa Rica were China ($X), Vietnam ($X) and Hong Kong SAR ($X), together accounting for 75% of total imports.

Vietnam, with a CAGR of +75.5%, recorded the highest rates of growth with regard to 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 2021, the average telephone apparatus import price amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price, however, recorded a perceptible slump. The growth pace was the most rapid in 2016 an increase of 87%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+70.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform