Price for Meat of Bovine Animals; Frozen in Costa Rica - 2022
Contents:
- Price for Meat of Bovine Animals; Frozen in Costa Rica (FOB) - 2022
- Price for Meat of Bovine Animals; Frozen in Costa Rica (CIF) - 2022
- Exports of Meat of Bovine Animals; Frozen in Costa Rica
- Imports of Meat of Bovine Animals; Frozen in Costa Rica
Price for Meat of Bovine Animals; Frozen in Costa Rica (FOB) - 2022
The average export price for meat of bovine animals; frozen stood at $5,237 per ton in 2022, rising by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2021 an increase of 24% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($7,595 per ton), while the average price for exports to the United States ($5,017 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 El Salvador (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Costa Rica (CIF) - 2022
In 2022, the average import price for meat of bovine animals; frozen amounted to $8,616 per ton, increasing by 21% against the previous year. Over the last decade, it increased at an average annual rate of +5.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($9,608 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 Meat of Bovine Animals; Frozen in Costa Rica
In 2022, after three years of growth, there was significant decline in shipments abroad of meat of bovine animals; frozen, when their volume decreased by -6.8% to 26K tons. The total export volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 15% against the previous year.
In value terms, meat of bovine animals; frozen exports totaled $135M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 31%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Meat of Bovine Animals; Frozen in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 56.9 | 60.0 | 92.1 | 95.4 | 18.8% |
| United States | 26.1 | 33.7 | 28.8 | 22.0 | -5.5% |
| 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 | 0.2 | 0.2 | 0.1 | 2.9 | 143.8% |
| Total | 91.0 | 99.0 | 130 | 135 | 14.1% |
Top Export Markets for Meat of Bovine Animals; Frozen from Costa Rica in 2022:
- China (18.5K tons)
- United States (4.4K tons)
- Jamaica (1.2K tons)
- El Salvador (0.6K tons)
- Guatemala (0.6K tons)
Imports of Meat of Bovine Animals; Frozen in Costa Rica
Meat of bovine animals; frozen imports into Costa Rica fell to 4.3K tons in 2022, dropping by -8.4% on the previous year. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. As a result, imports attained the peak of 4.7K tons, and then dropped in the following year.
In value terms, meat of bovine animals; frozen imports rose notably to $37M in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 94% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Meat of Bovine Animals; Frozen in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.2 | 11.3 | 19.7 | 23.6 | 18.5% |
| Nicaragua | 2.9 | 5.9 | 13.1 | 12.8 | 64.0% |
| Chile | 0.2 | N/A | 0.3 | 0.5 | 35.7% |
| Others | 0.2 | 0.1 | 0.4 | 0.2 | 0.0% |
| Total | 17.6 | 17.3 | 33.5 | 37.0 | 28.1% |
Top Suppliers of Meat of Bovine Animals; Frozen to Costa Rica in 2022:
- United States (2.5K tons)
- Nicaragua (1.7K tons)
- Chile (0.1K tons)
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