Costa Rica: Meat And Poultry Market 2024

Meat And Poultry Market Size in Costa Rica

In 2022, the Costa Rican meat and poultry market increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Meat And Poultry Production in Costa Rica

In value terms, meat and poultry production amounted to $X in 2022 estimated in export price. Overall, production, however, saw slight growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

In 2022, the average yield of meat and poultry in Costa Rica stood at X kg per head, standing approx. at the previous year. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the yield attained the peak level of X kg per head. From 2020 to 2022, the growth of the average meat and poultry yield failed to regain momentum.

In 2022, the number of animals slaughtered for meat and poultry production in Costa Rica dropped modestly to X heads, leveling off at the previous year's figure. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. The number of animals slaughtered for meat and poultry production peaked at X heads in 2021, and then contracted slightly in the following year.

Meat And Poultry Exports

Exports from Costa Rica

After five years of growth, shipments abroad of meat and poultry decreased by X% to X tons in 2022. In general, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, meat and poultry exports reduced to $X in 2022. Overall, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at $X in 2021, and then declined slightly in the following year.

Exports by Country

China (X tons) was the main destination for meat and poultry exports from Costa Rica, with a X% share of total exports. Moreover, meat and poultry exports to China exceeded the volume sent to the second major destination, the United States (X tons), threefold. Jamaica (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Jamaica (X% per year).

In value terms, China ($X) remains the key foreign market for meat and poultry exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Jamaica, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Jamaica (X% per year).

Export Prices by Country

The average meat and poultry export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

Meat And Poultry Imports

Imports into Costa Rica

In 2022, the amount of meat and poultry imported into Costa Rica reached X tons, with an increase of X% against the previous year. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, meat and poultry imports amounted to $X in 2022. Over the period under review, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest meat and poultry supplier to Costa Rica, accounting for a X% share of total imports. Moreover, meat and poultry imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X tons), threefold. The third position in this ranking was taken by Nicaragua (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Nicaragua (X% per year).

In value terms, the United States ($X) constituted the largest supplier of meat and poultry to Costa Rica, comprising X% of total imports. The second position in the ranking was taken by Nicaragua ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the average meat and poultry import price amounted to $X per ton, flattening at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

Source: IndexBox Platform

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