Costa Rica: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in Costa Rica

The Costa Rican fresh beef carcase market totaled $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, showed a mild downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Fresh Beef Carcase Production in Costa Rica

In value terms, fresh beef carcase production amounted to $X in 2022 estimated in export price. In general, production, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Fresh Beef Carcase Exports

Exports from Costa Rica

In 2022, shipments abroad of fresh or chilled carcases of beef and veal increased by X% to X tons for the first time since 2014, thus ending a seven-year declining trend. Overall, exports, however, continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, fresh beef carcase exports surged to $X in 2022. In general, exports, however, showed a dramatic decline. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Panama (X tons) was the main destination for fresh beef carcase exports from Costa Rica, with a X% share of total exports. Moreover, fresh beef carcase exports to Panama exceeded the volume sent to the second major destination, Guatemala (X tons), fourfold. The third position in this ranking was taken by the United States (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and the United States (X% per year).

In value terms, Panama ($X) remains the key foreign market for fresh or chilled carcases of beef and veal exports from Costa Rica, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Panama stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Guatemala (X% per year).

Export Prices by Country

The average fresh beef carcase export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 the United States ($X per ton), while the average price for exports to Honduras ($X 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 the United States (X%), while the prices for the other major destinations experienced a decline.

Fresh Beef Carcase Imports

Imports into Costa Rica

In 2022, supplies from abroad of fresh or chilled carcases of beef and veal was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, fresh beef carcase imports soared to $X in 2022. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Nicaragua (X tons) was the main fresh beef carcase supplier to Costa Rica, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Nicaragua stood at X%.

In value terms, Nicaragua ($X) constituted the largest supplier of fresh or chilled carcases of beef and veal to Costa Rica.

From 2012 to 2022, the average annual growth rate of value from Nicaragua totaled X%.

Import Prices by Country

In 2022, the average fresh beef carcase import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained 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 Nicaragua amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :