Costa Rica: Market for Vacuum Cleaners Without Motor 2025

Market Size for Vacuum Cleaners Without Motor in Costa Rica

The Costa Rican vacuum cleaner without motor market skyrocketed to $X in 2022, rising by 55% 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). Overall, consumption showed a remarkable increase. Vacuum cleaner without motor consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Vacuum Cleaners Without Motor

Exports from Costa Rica

In 2022, overseas shipments of vacuum cleaners without motor were finally on the rise to reach X units after three years of decline. Overall, exports, however, saw a pronounced curtailment. The growth pace was the most rapid in 2013 with an increase of 1,389%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, vacuum cleaner without motor exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 1,559%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Mexico (X units) was the main destination for vacuum cleaner without motor exports from Costa Rica, accounting for a 41% share of total exports. Moreover, vacuum cleaner without motor exports to Mexico exceeded the volume sent to the second major destination, Guatemala (X units), sevenfold. The United States (X units) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico amounted to +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-6.7% per year) and the United States (-23.2% per year).

In value terms, Mexico ($X) remains the key foreign market for vacuum cleaners without motor exports from Costa Rica, comprising 89% of total exports. The second position in the ranking was taken by the United States ($X), with a 3.4% share of total exports. It was followed by El Salvador, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico amounted to +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-28.4% per year) and El Salvador (-9.3% per year).

Export Prices by Country

The average vacuum cleaner without motor export price stood at $X per unit in 2022, jumping by 94% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 106%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to the Dominican Republic ($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 Mexico (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vacuum Cleaners Without Motor

Imports into Costa Rica

In 2022, the amount of vacuum cleaners without motor imported into Costa Rica soared to X units, picking up by 45% on the year before. In general, imports enjoyed a strong expansion. The growth pace was the most rapid in 2020 with an increase of 149% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vacuum cleaner without motor imports soared to $X in 2022. Overall, imports saw a notable expansion. The pace of growth was the most pronounced in 2016 with an increase of 253% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and Italy (X units) were the main suppliers of vacuum cleaner without motor imports to Costa Rica, together accounting for 75% of total imports. Sweden, Mexico, Hong Kong SAR, Taiwan (Chinese) and Switzerland lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +60.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vacuum cleaner without motor suppliers to Costa Rica were the United States ($X), China ($X) and Italy ($X), with a combined 78% share of total imports. Sweden, Hong Kong SAR, Mexico, Taiwan (Chinese) and Switzerland lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +51.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vacuum cleaner without motor import price stood at $X per unit in 2022, rising by 17% against the previous year. In general, the import price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2016 an increase of 107% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+31.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform