Costa Rican consumption slows down

Several indicators are showing that Costa Ricans are starting to slow the buying euphoria started last year.

Tuesday, September 16, 2008

The index of economic activity in trade shows that while sales continue their upward trend, the growth has decreased.

Inter-annual growth (for each month compared to the same period in the previous year) indicator for trade was at 8.3% at the end of last year, but in July of this year it was lower, at 5.7%.

Nonetheless, the automobile sector has remained stable, with a reported growth of 25% in the first semester of 2008, similar to the 27% in 2007.

Another sign is the import of consumer goods, which grew at an inter-annual rate of 33% in April and dropped to 25% in July.

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Sweetener Market Grows in Costa Rica

July 2011

More and more brands are starting in a market that is beginning to become saturated.

A new product has recently hit the light or low calorie sweetener market, which are increasingly offering alternatives to those seeking a sugar substitute for their food and drink.

La Liga Agrícola de la Caña de Azúcar (Agricultural League of Sugarcane) has entered the market with the product Natuvia, a natural sweetener produced in the country in partnership with the Stevia Global Institute, who produce Stevia, natural fruit extracts which are 200 to 300 times sweeter than sugar and possess virtually no calories.

Second Hand Clothes: A $125 million Business

July 2013

This retail sector in Costa Rica comprises about 248 importers of second-hand clothes who are now looking at the middle class market.

Although the prices of items range from $2 to $10, the large volumes handled by big chain stores make it a profitable business. Between 2007-12, used clothing imports rose by 50%, 87% came from the U.S. and 10% from Canada.

Panamanian Retailers Avoid Crisis

May 2009

With the exception of car sales, retail trade in Panama has not been affected by the economic crisis.

Although collection of the tax levied on personal property transfers was not good in January and February, the tide began to turn in March, which closed the first quarter of 2009 with a 19.3% increase over the same period last year.

More Commercial Areas in Juan Santamaria Airport

September 2013

The airport is planning 700 square meters of new retail space, which will include a supermarket and clothing stores.

The information was released by Rafael Mencia, CEO of Aeris, the company responsible for managing the airport, adding that the new premises will be located in the west of the terminal.

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