Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Costa Rica - 2022
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Costa Rica (CIF) - 2022
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Costa Rica (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Costa Rica
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Costa Rica
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Costa Rica (CIF) - 2022
The average import price for fresh or chilled boneless cuts of bovine meat stood at $5,816 per ton in 2022, growing by 8.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 9%. As a result, import price attained the peak level of $6,746 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
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 -0.6% per year.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Costa Rica (FOB) - 2022
The average export price for fresh or chilled boneless cuts of bovine meat stood at $7,388 per ton in 2022, jumping by 19% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to 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 Fresh or Chilled Boneless Cuts of Bovine Meat in Costa Rica
In 2022, imports of fresh or chilled boneless cuts of bovine meat into Costa Rica shrank to 2.7K tons, waning by -2.3% on 2021 figures. In general, imports saw a dramatic downturn.
In value terms, imports of fresh or chilled boneless cuts of bovine meat expanded sharply to $16M in 2022. Overall, imports saw a deep contraction.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 28.6 | 22.3 | 15.0 | 16.0 | -17.6% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 28.7 | 22.4 | 15.1 | 16.0 | -17.7% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Costa Rica in 2022:
- Nicaragua (2.7K tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Costa Rica
In 2022, shipments abroad of fresh or chilled boneless cuts of bovine meat decreased by -32.3% to 1.5K tons, falling for the second consecutive year after two years of growth. Overall, exports saw a noticeable downturn. The pace of growth appeared 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 lower figure.
In value terms, exports of fresh or chilled boneless cuts of bovine meat dropped notably to $11M in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23%.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.8 | 10.0 | 10.9 | 9.4 | 11.4% |
| Aruba | 0.5 | 0.3 | 0.5 | 0.7 | 11.9% |
| Honduras | 2.5 | 1.8 | 1.8 | 0.4 | -45.7% |
| El Salvador | 0.1 | 0.2 | 0.6 | 0.2 | 26.0% |
| Others | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Total | 10.0 | 12.3 | 13.8 | 11.1 | 3.5% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Costa Rica in 2022:
- United States (1277.1 tons)
- Aruba (96.2 tons)
- Honduras (46.6 tons)
- El Salvador (20.2 tons)
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