Costa Rica: Non-Knitted Men Apparel Market 2024

Non-Knitted Men Apparel Market Size in Costa Rica

The Costa Rican non-knitted men apparel market expanded remarkably to $X in 2022, surging by X% against the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Non-knitted men apparel consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Non-Knitted Men Apparel Production in Costa Rica

In value terms, non-knitted men apparel production expanded significantly to $X in 2022 estimated in export price. In general, production continues to indicate a slight expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Non-knitted men apparel production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Non-Knitted Men Apparel Exports

Exports from Costa Rica

In 2022, shipments abroad of men's or boys' clothing (not knitted or crocheted) decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-knitted men apparel exports declined dramatically to $X in 2022. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for non-knitted men apparel exports from Costa Rica, accounting for a X% share of total exports. Moreover, non-knitted men apparel exports to the United States exceeded the volume sent to the second major destination, Chile (X units), fourfold. The third position in this ranking was held by Panama (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Panama (X% per year).

In value terms, the United States ($X) remains the key foreign market for men's or boys' clothing (not knitted or crocheted) exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports. It was followed by Nicaragua, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Nicaragua (X% per year).

Export Prices by Country

The average non-knitted men apparel export price stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 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 Chile ($X per unit), while the average price for exports to Guatemala ($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 Nicaragua (X%), while the prices for the other major destinations experienced a decline.

Non-Knitted Men Apparel Imports

Imports into Costa Rica

In 2022, approx. X units of men's or boys' clothing (not knitted or crocheted) were imported into Costa Rica; with an increase of X% on the previous year's figure. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, non-knitted men apparel imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest non-knitted men apparel supplier to Costa Rica, with a X% share of total imports. Moreover, non-knitted men apparel imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), threefold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of men's or boys' clothing (not knitted or crocheted) to Costa Rica, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average non-knitted men apparel import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, showed a pronounced decline. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Colombia ($X per unit), while the price for Honduras ($X per unit) and Mexico ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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