Price for Meat of Bovine Animals; Fresh or Chilled in Costa Rica - 2022

Contents:

1. Price for Meat of Bovine Animals; Fresh or Chilled in Costa Rica (CIF) - 2022
2. Price for Meat of Bovine Animals; Fresh or Chilled in Costa Rica (FOB) - 2022
3. Imports of Meat of Bovine Animals; Fresh or Chilled in Costa Rica
4. Exports of Meat of Bovine Animals; Fresh or Chilled in Costa Rica

Price for Meat of Bovine Animals; Fresh or Chilled in Costa Rica (CIF) - 2022

In 2022, the average import price for meat of bovine animals; fresh or chilled amounted to $5,742 per ton, surging by 8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 9%. As a result, import price reached the peak level of $6,724 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Nicaragua.

From 2012 to 2022, the rate of growth in terms of prices for Nicaragua amounted to -0.7% per year.

Price for Meat of Bovine Animals; Fresh or Chilled in Costa Rica (FOB) - 2022

The average export price for meat of bovine animals; fresh or chilled stood at $7,388 per ton in 2022, rising by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Honduras ($8,324 per ton) and El Salvador ($7,516 per ton), while the average price for exports to Aruba ($7,068 per ton) and the United States ($7,373 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 Honduras (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Meat of Bovine Animals; Fresh or Chilled in Costa Rica

Imports of meat of bovine animals; fresh or chilled into Costa Rica declined to 2.9K tons in 2022, almost unchanged from 2021. In general, imports recorded a dramatic setback.

In value terms, imports of meat of bovine animals; fresh or chilled rose rapidly to $16M in 2022. Over the period under review, imports showed a abrupt decline.

Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Costa Rica in 2022:

1. Nicaragua (2.9K tons)

Exports of Meat of Bovine Animals; Fresh or Chilled in Costa Rica

In 2022, overseas shipments of meat of bovine animals; fresh or chilled decreased by -32.4% to 1.5K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2020 when exports increased by 39%. As a result, the exports reached the peak of 2.3K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of meat of bovine animals; fresh or chilled shrank markedly to $11M in 2022. The total export value increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 23% against the previous year.

Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Costa Rica in 2022:

1. United States (1277.1 tons)
2. Aruba (96.2 tons)
3. Honduras (46.6 tons)
4. El Salvador (20.2 tons)

Source: IndexBox Market Intelligence Platform