Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Costa Rica - 2022

Contents:

  1. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Costa Rica (FOB) - 2022
  2. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Costa Rica (CIF) - 2022
  3. Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Costa Rica
  4. Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Costa Rica

Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Costa Rica (FOB) - 2022

The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $5,893 per ton in 2022, rising by 33% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 an increase of 37% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($11,889 per ton), while the average price for exports to Jamaica ($3,286 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 Hong Kong SAR (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Costa Rica (CIF) - 2022

The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $1,147 per ton in 2022, falling by -57.6% against the previous year. In general, the import price recorded a deep reduction. The growth pace was the most rapid in 2017 when the average import price increased by 27%. Over the period under review, average import prices attained the peak figure at $4,649 per ton in 2013; however, from 2014 to 2022, import prices stood 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 Chile amounted to +68.0% per year.

Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Costa Rica

In 2022, after two years of decline, there was significant growth in shipments abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens, when their volume increased by 22% to 2.2K tons. Over the period under review, exports, however, saw a drastic downturn.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens soared to $13M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Costa Rica (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6.45.74.98.07.7%
United States1.70.60.92.818.1%
JapanN/AN/AN/A1.10%
Jamaica0.60.41.10.5-5.9%
Hong Kong SARN/AN/A1.00.2-80.0%
Panama0.50.2N/AN/A-60.0%
Others0.10.2N/A0.458.7%
Total9.37.18.012.911.5%

Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from Costa Rica in 2022:

  1. China (1043.3 tons)
  2. United States (764.2 tons)
  3. Jamaica (166.0 tons)
  4. Japan (88.7 tons)
  5. Hong Kong SAR (44.6 tons)

Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Costa Rica

In 2022, after three years of growth, there was significant decline in purchases abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens, when their volume decreased by -91.9% to 27 tons. In general, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 891% against the previous year.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens declined remarkably to $31K in 2022. Overall, imports showed a precipitous decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 525%.

Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nicaragua71.250140931.5-23.8%
United States20.169.9507N/A402.2%
Others0.2N/A0.6N/A73.2%
Total91.457191731.5-29.9%

Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Costa Rica in 2022:

  1. Nicaragua (27.4 tons)

Source: IndexBox Market Intelligence Platform

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