Report Update: May 1, 2024

Costa Rica - Meat And Poultry - Market Analysis, Forecast, Size, Trends and Insights

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Meat and Poultry Price in Costa Rica - 2022

Meat and Poultry Price in Costa Rica (FOB) - 2022

In 2022, the average meat and poultry export price amounted to $5,197 per ton, surging by 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2021 when the average export price increased by 18%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($7,279 per ton), while the average price for exports to Panama ($2,101 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 (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Meat and Poultry Price in Costa Rica (CIF) - 2022

In 2022, the average meat and poultry import price amounted to $3,330 per ton, flattening at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 26%. Over the period under review, average import prices reached the peak figure at $3,361 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Nicaragua ($6,381 per ton), while the price for Chile ($2,462 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 (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Meat and Poultry Exports in Costa Rica

In 2022, overseas shipments of meat and poultry decreased by -12.3% to 29K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year.

In value terms, meat and poultry exports reduced slightly to $149M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. As a result, the exports reached the peak of $150M, leveling off in the following year.

Export of Meat and Poultry in Costa Rica (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	56.7	60.9	92.3	95.6	19.0%
United States	32.8	43.7	39.7	31.4	-1.4%
Jamaica	3.8	2.8	4.3	7.0	22.6%
El Salvador	0.2	0.6	1.9	4.5	182.3%
Guatemala	4.2	2.0	3.4	3.7	-4.1%
Nicaragua	0.1	0.3	2.7	2.4	188.4%
Honduras	2.9	2.3	2.8	0.7	-37.7%
Others	2.2	1.2	2.4	4.1	23.1%
Total	103	114	150	149	13.1%

Top Export Markets for Meat and Poultry from Costa Rica in 2022:

China (18.5K tons)
United States (5.7K tons)
Jamaica (1.2K tons)
Nicaragua (1.0K tons)
Guatemala (0.7K tons)
El Salvador (0.6K tons)
Honduras (0.2K tons)

Meat and Poultry Imports in Costa Rica

In 2022, approx. 39K tons of meat and poultry were imported into Costa Rica; growing by 3.4% against 2021. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, meat and poultry imports reached $131M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 42%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Import of Meat and Poultry in Costa Rica (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	51.0	51.3	79.4	80.3	16.3%
Nicaragua	32.6	29.0	28.4	29.3	-3.5%
Chile	17.5	6.5	15.3	18.8	2.4%
Canada	1.9	1.0	1.9	1.9	0.0%
Others	1.2	0.5	0.8	0.4	-30.7%
Total	104	88.3	126	131	8.0%

Top Suppliers of Meat and Poultry to Costa Rica in 2022:

United States (26.3K tons)
Chile (7.6K tons)
Nicaragua (4.6K tons)
Canada (0.6K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the meat and poultry market in Costa Rica. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1108 - Meat of asses
FCL 1089 - Meat of pigeons and other birds nes
FCL 947 - Buffalo meat
FCL 1127 - Meat of camels
FCL 867 - Meat of cattle
FCL 870 - Meat of cattle, boneless
FCL 1058 - Chicken meat
FCL 1069 - Duck meat
FCL 1017 - Goat meat
FCL 1073 - Goose meat
FCL 1097 - Horse meat
FCL 1111 - Meat of mules
FCL 1158 - Meat of other domestic camelids
FCL 1151 - Meat of other domestic rodents
FCL 1035 - Pig meat
FCL 1141 - Rabbit meat
FCL 977 - Meat of sheep
FCL 1080 - Turkey meat

Country coverage:

Costa Rica

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Costa Rica
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023