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Quick Commerce, also known as Q-Commerce, is an emerging market that is rapidly gaining popularity worldwide. In Costa Rica, the Q-Commerce market is also experiencing significant growth and development.
Customer preferences: Costa Rican customers are increasingly looking for convenience and speed when it comes to shopping. With the rise of Q-Commerce, customers can now order products online and have them delivered to their doorstep within a matter of hours. This is particularly appealing to busy professionals and young families who value their time and are willing to pay a premium for convenience.
Trends in the market: One of the key trends in the Q-Commerce market in Costa Rica is the increasing number of players entering the market. This is driving competition and innovation, with companies looking for ways to differentiate themselves and provide a better customer experience. Another trend is the expansion of Q-Commerce beyond traditional retail products, with services such as food delivery and home cleaning now being offered through Q-Commerce platforms.
Local special circumstances: Costa Rica is a small country with a relatively small population, which presents both opportunities and challenges for Q-Commerce companies. On the one hand, the small size of the market means that it is easier for companies to establish a presence and gain market share. On the other hand, the limited population means that there is a finite number of potential customers, which could limit the growth potential of Q-Commerce in the long-term.
Underlying macroeconomic factors: Costa Rica has a growing middle class with increasing purchasing power, which is driving demand for Q-Commerce services. Additionally, the country has a high smartphone penetration rate, which makes it easy for customers to order products online. However, there are also challenges such as high import tariffs and a lack of infrastructure in some areas, which could limit the growth of Q-Commerce in certain regions.
Data coverage:
The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.Modeling approach / Market size:
Market sizes are determined through a bottom-up approach, building on predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.Additional notes:
The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)