Costa Rica: Textile Wadding Market 2024

Textile Wadding Market Size in Costa Rica

The Costa Rican textile wadding market declined to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption recorded a noticeable decrease. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Textile Wadding Production in Costa Rica

In value terms, textile wadding production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable decline. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Textile Wadding Exports

Exports from Costa Rica

In 2022, overseas shipments of wadding of textile materials and articles thereof were finally on the rise to reach X tons after two years of decline. In general, exports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, textile wadding exports soared to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

El Salvador (X tons) was the main destination for textile wadding exports from Costa Rica, with a X% share of total exports. Moreover, textile wadding exports to El Salvador exceeded the volume sent to the second major destination, Nicaragua (X tons), twofold. The third position in this ranking was taken by the United States (X kg), with a X% share.

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

In value terms, the United States ($X) emerged as the key foreign market for wadding of textile materials and articles thereof exports from Costa Rica, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with a X% share of total exports. It was followed by Nicaragua, with a X% share.

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

Export Prices by Country

In 2022, the average textile wadding export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price saw a temperate expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Guatemala ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Wadding Imports

Imports into Costa Rica

Textile wadding imports into Costa Rica amounted to X tons in 2022, leveling off at the year before. In general, imports, however, showed a pronounced decline. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, textile wadding imports soared to $X in 2022. Overall, imports recorded a notable increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of textile wadding imports to Costa Rica, together accounting for X% of total imports. Guatemala, Canada, the Philippines, Germany and Brazil lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of wadding of textile materials and articles thereof to Costa Rica, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average textile wadding import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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