Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Costa Rica - 2022
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Costa Rica (CIF) - 2022
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Costa Rica (FOB) - 2022
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Costa Rica
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Costa Rica
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Costa Rica (CIF) - 2022
In 2022, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $3,955 per ton, increasing by 8.8% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 47% against the previous year. Over the period under review, average import prices reached the peak figure at $5,556 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 +1.4% per year.
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Costa Rica (FOB) - 2022
The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $3,061 per ton in 2022, remaining constant against the previous year. Overall, the export price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2013 an increase of 9.4% against the previous year. Over the period under review, the average export prices hit record highs at $5,501 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($5,105 per ton), while the average price for exports to Honduras ($194 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 the United States (-0.1%), while the prices for the other major destinations experienced a decline.
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Costa Rica
In 2022, after two years of decline, there was significant growth in purchases abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, when their volume increased by 68% to 115 tons. In general, imports, however, showed a dramatic decrease.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat skyrocketed to $453K in 2022. Over the period under review, imports, however, recorded a dramatic shrinkage.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 718 | 575 | 104 | 453 | -14.2% |
| Panama | 188 | 209 | 143 | N/A | -12.8% |
| Others | 2.3 | 1.1 | 0.8 | N/A | -41.0% |
| Total | 909 | 785 | 248 | 453 | -20.7% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Costa Rica in 2022:
- Nicaragua (114.7 tons)
Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Costa Rica
After two years of decline, overseas shipments of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -50% to 1.6 tons in 2022. Over the period under review, exports showed a sharp reduction.
In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat contracted dramatically to $5K in 2022. Overall, exports recorded a sharp downturn.
| Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 14.2 | N/A | 6.8 | 3.7 | -36.1% |
| United States | 11.0 | N/A | 2.9 | 1.2 | -52.2% |
| El Salvador | 0.8 | N/A | 0.2 | 0.1 | -50.0% |
| China | 1.7 | N/A | N/A | N/A | 0% |
| Honduras | 0.3 | N/A | 0.1 | N/A | -42.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 28.1 | N/A | 9.9 | 5.0 | -43.8% |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Costa Rica in 2022:
- Panama (1181.0 kg)
- United States (228.0 kg)
- Honduras (134.0 kg)
- El Salvador (81.0 kg)
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