Costa Rica has come a long way since the first step of development, not only in its economy but also in other aspects. Despite being one of the poorest countries in Latin America, today it is actually one of the richest ones. The economic growth that they have achieved is inspiring and likewise their great progress on education, healthcare, and social services. There are other factors that contribute to this country’s growth as well such as their free trade agreements, large investments from foreign companies, and other organizations. Even with all these factors, however, there are still limits when it comes to capitalizing on the market, especially because most people live off small businesses which generate very little income or huge global conglomerates that invest lots of money for their marketing and advertisements.
Costa Rican economy has improved to a great extent and thus the demand for technology and internet services as well as other products is rapidly increasing; which is why many buyers from other countries are now flocking to this place to buy products because not only it comes cheap but if you make proper investments in marketing or branding, then your business will flourish as well. This article however will give you an insight on what the top 10 selling products in Costa Rica online 20202 are.
Table of Contents
1. Health Supplements
Since there isn’t much variety when it comes to medical equipment, especially within the rural communities people rely mainly on supplements and vitamin goods for their health issues such as anti-aging remedies, vitamins, weight loss pills, etc. Most of these supplements are available online and thus the demand for them is increasing at a high rate among individuals.
2. Clothing And Accessories
Costa Rican people love clothing and accessories almost as much as any other culture, which is why the demand for them has been steadily increasing over the years. There are many clothing brands in this country but they don’t have a wide variety of clothes and accessories to offer compared to countries with a stronger economic base. Because of this reason, people tend to buy these goods from abroad or even via online stores which provide a greater selection of designs and styles.
3. Kitchen Appliances
The kitchen appliances market is also expanding in Costa Rica because of the new housing projects that are being introduced within different communities. People prefer having all their needs accessible especially when they are working-class citizens, which is why it is easy for companies to sell their products now since most families need these things anyway.
4. Jewelry
Jewelry is the third most common product that people buy in Costa Rica especially during festive occasions, which has created a demand for these items all year round. The only problem for this industry is being able to produce low-cost high-quality goods because not everyone can afford high prices.
5. Mobile Phones And Accessories
Mobile phones are highly demanded nowadays not just regular cellphones but also handy devices such as headphones, speakers, pen drives, etc. This market has been expanding over the years due to an increase in tourism since many foreigners visit Costa Rica and they tend to bring gifts for their loved ones back home hence the demand for these products will continue to rise over time.
6. Tires And Batteries
Since the Costa Rican government has been building a lot of highways and roads they also have done so with public transportation facilities. This means that there are now more vehicles on the road which require tires and batteries to be replaced from time to time, which is why these products tend to sell really well considering their common use.
7. Fashion Accessories
Even though most fashion accessories sold in this country are imported from Italy or China, it still is one of those popular items that people buy especially when there isn’t much variety available locally. The majority of these goods come from low-cost manufacturers but they offer high-quality designs despite being cheap hence why most people purchase them for their own personal use or even as gifts during special occasions such as birthdays or anniversaries.
8. Toys And Games
Toys and games are another retail items that is gaining in demand in Costa Rica, mostly because children tend to get bored of the same toy after a certain amount of time therefore they need something else to play with. The only problem for this industry is finding reliable manufacturers who can produce quality goods without breaking the bank. Many buyers prefer buying their toys from abroad especially when there aren’t any good stores located here hence why it makes sense for companies to expand operations outside of Costa Rica.
9. Food Items
Food items are also quite popular within the country because not every family has the space or money to grow crops inside their homes so they usually buy rice, meat, dairy products, etc from different supermarkets around the country. The problem for this industry is the fact that more people are becoming farmers and selling their own crops at local markets, which means food items will become cheaper in certain stores over time because of the competition.
10. Personal Care Items
The personal care and cosmetics industry is also expanding in Costa Rica because nowadays more people tend to buy products that can help them look beautiful or maintain a healthy lifestyle regardless of age or sex. These items have always been popular among women but now even men are buying skincare products, anti-aging creams, etc so it´s pretty safe to assume that this market has great potential so companies should definitely consider investing some money into it if they want to expand business operations here.
Conclusion
With all of these things being said, it goes without saying that Costa Rica is a great place for doing business. Many foreign companies have been investing a lot of money across various industries and so far most of them have seen a high return on their investments which has made the country really attractive when it comes to outsourcing or site selection. Even though there are no guarantees that this trend will continue into the future, one can still expect some steady growth in certain markets such as food items and personal care products.
