Price for Frozen Boneless Cuts of Bovine Meat in Costa Rica - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Costa Rica (FOB) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Costa Rica (CIF) - 2022
- Exports of Frozen Boneless Cuts of Bovine Meat in Costa Rica
- Imports of Frozen Boneless Cuts of Bovine Meat in Costa Rica
Price for Frozen Boneless Cuts of Bovine Meat in Costa Rica (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $6,340 per ton in 2022, surging by 15% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for frozen boneless cuts of bovine meat increased by +63.4% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of 26%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to El Salvador ($7,598 per ton) and China ($6,865 per ton), while the average price for exports to the United States ($5,069 per ton) and Guatemala ($5,592 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Boneless Cuts of Bovine Meat in Costa Rica (CIF) - 2022
In 2022, the average import price for frozen boneless cuts of bovine meat amounted to $8,742 per ton, with an increase of 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($9,444 per ton), while the price for Chile ($4,200 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Boneless Cuts of Bovine Meat in Costa Rica
In 2022, shipments abroad of frozen boneless cuts of bovine meat decreased by -7.4% to 17K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 15% against the previous year. As a result, the exports attained the peak of 19K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of frozen boneless cuts of bovine meat stood at $110M in 2022. The total export value increased at an average annual rate of +11.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 22% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Frozen Boneless Cuts of Bovine Meat in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.7 | 45.9 | 66.3 | 71.3 | 16.8% |
| United States | 26.0 | 33.6 | 28.6 | 21.8 | -5.7% |
| Jamaica | 3.7 | 2.8 | 4.3 | 7.0 | 23.7% |
| El Salvador | N/A | 0.4 | 1.3 | 4.2 | 224.0% |
| Guatemala | 4.1 | 1.9 | 3.1 | 3.2 | -7.9% |
| Others | 0.1 | 0.1 | N/A | 2.4 | 188.4% |
| Total | 78.7 | 84.8 | 104 | 110 | 11.8% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Costa Rica in 2022:
- China (10.4K tons)
- United States (4.3K tons)
- Jamaica (1.2K tons)
- El Salvador (0.6K tons)
- Guatemala (0.6K tons)
Imports of Frozen Boneless Cuts of Bovine Meat in Costa Rica
In 2022, imports of frozen boneless cuts of bovine meat into Costa Rica declined rapidly to 3.9K tons, with a decrease of -29.1% compared with 2021. Over the period under review, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 124%. As a result, imports attained the peak of 5.6K tons, and then dropped significantly in the following year.
In value terms, imports of frozen boneless cuts of bovine meat fell to $34M in 2022. Overall, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 142% against the previous year. As a result, imports attained the peak of $39M, and then shrank in the following year.
| Import of Frozen Boneless Cuts of Bovine Meat in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.5 | 10.9 | 23.4 | 22.5 | 10.9% |
| Nicaragua | 3.5 | 5.1 | 14.8 | 11.4 | 48.2% |
| Chile | 0.3 | N/A | 0.4 | 0.5 | 18.6% |
| Others | 0.3 | 0.1 | 0.4 | 0.2 | -12.6% |
| Total | 20.5 | 16.2 | 39.1 | 34.5 | 18.9% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Costa Rica in 2022:
- United States (2378.3 tons)
- Nicaragua (1433.1 tons)
- Chile (110.0 tons)
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