Costa Rica: Beef Market Overview 2020

Beef Market Size in Costa Rica

The revenue of the beef market in Costa Rica amounted to $X in 2018, going down by -X% against the previous year. In general, the total market indicated a measured increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, beef consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Beef consumption peaked at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Beef Production in Costa Rica

In value terms, beef production amounted to $X in 2018 estimated in export prices. Over the period under review, the total output indicated a moderate expansion from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, beef production decreased by -X% against 2015 indices. The growth pace was the most rapid in 2010 when production volume increased by X% year-to-year. Beef production peaked at $X in 2015; however, from 2016 to 2018, production stood at a somewhat lower figure.

Beef Exports

Exports from Costa Rica

In 2018, approx. X tonnes of beef (cattle meat) were exported from Costa Rica; declining by -X% against the previous year. Over the period under review, beef exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. Over the period under review, beef exports reached their peak figure at X tonnes in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, beef exports amounted to $X in 2018. Overall, beef exports continue to indicate a measured expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, beef exports reached their peak figure at $X in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

Beef Imports

Imports into Costa Rica

In 2018, the amount of beef (cattle meat) imported into Costa Rica amounted to X tonnes, remaining stable against the previous year. Over the period under review, beef imports continue to indicate strong growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at X tonnes in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, beef imports amounted to $X in 2018. Over the period under review, beef imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. Over the period under review, beef imports attained their peak figure at $X in 2016; however, from 2017 to 2018, imports remained at a lower figure.

Source: IndexBox AI Platform