Costa Rica: Toy Imports Up 12%

In the last 6 years imports have grown at an annual rate of 12%, going from $16 million in 2010 to $31 million in the first ten months of this year.

Tuesday, December 13, 2016

Greater sophistication in the consumption of these products, more demands than before in terms of quality and brands, are some of the reasons for increased toy imports in the country.

Data from PROCOMER reviewed by Nacion.com shows that the value of imports has gone from $16 million in 2010 to more than $30 million so far this year.

"... According to these figures, the annual average increase during this period was 12%, after reviewing imports in the first eight months of the year. When looking at data from 2010 compared to 2016, growth is 94%, comparing the first eight months."

Mariela Pacheco, director of corporate affairs at Walmart, said that "... the Costa Rican market in toys, compared to the region, 'is more valued', where there is more emphasis on novelty with more demanding consumers. She added that the growth in demand goes hand in hand with our economy."

The data in question relates only to tariff heading 9503 comprising of tricycles, scooters, pedal cars and similar wheeled toys; cars and wheeled chairs for dolls; dolls; other toys; models and similar models, for entertainment, including animated toys; puzzles of all kinds.

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