Costa Rica: Canned Meat Market 2024

Canned Meat Market Size in Costa Rica

The Costa Rican canned meat market amounted to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Canned Meat Production in Costa Rica

In value terms, canned meat production reached $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Canned Meat Exports

Exports from Costa Rica

In 2022, after two years of growth, there was significant decline in shipments abroad of canned meat, when their volume decreased by X% to X tons. Over the period under review, total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then dropped remarkably in the following year.

In value terms, canned meat exports reduced to $X in 2022. In general, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Nicaragua (X tons) was the main destination for canned meat exports from Costa Rica, accounting for a X% share of total exports. Moreover, canned meat exports to Nicaragua exceeded the volume sent to the second major destination, Honduras (X tons), twofold. El Salvador (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Nicaragua stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and El Salvador (X% per year).

In value terms, the largest markets for canned meat exported from Costa Rica were Nicaragua ($X), Honduras ($X) and El Salvador ($X), together comprising X% of total exports.

Honduras, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average canned meat export price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to El Salvador ($X per ton) and Guatemala ($X per ton), while the average price for exports to Nicaragua ($X per ton) and Mexico ($X 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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Meat Imports

Imports into Costa Rica

In 2022, purchases abroad of canned meat increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, canned meat imports soared to $X in 2022. In general, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest canned meat supplier to Costa Rica, with a X% share of total imports. Moreover, canned meat imports from the United States exceeded the figures recorded by the second-largest supplier, Guatemala (X tons), fivefold. The third position in this ranking was taken by Nicaragua (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (X% per year) and Nicaragua (X% per year).

In value terms, the United States ($X) constituted the largest supplier of canned meat to Costa Rica, comprising X% of total imports. The second position in the ranking was taken by Nicaragua ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nicaragua (X% per year) and Guatemala (X% per year).

Import Prices by Country

The average canned meat import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 Nicaragua ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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