Costa Rica: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2025

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Costa Rica

The Costa Rican market for frozen pig meat other than cuts or carcases shrank sharply to $X in 2022, declining by -23.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted a resilient expansion. As a result, consumption attained the peak level of $X, and then contracted markedly in the following year.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Costa Rica

After three years of growth, overseas shipments of frozen pig meat other than cuts or carcases decreased by -14.2% to X tons in 2022. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 339% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of frozen pig meat other than cuts or carcases declined to $X in 2022. In general, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of 504%. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Honduras (X tons) was the main destination for exports of frozen pig meat other than cuts or carcases from Costa Rica, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Honduras totaled +57.4%.

In value terms, Honduras ($X) emerged as the key foreign market for frozen pig meat other than cuts or carcases exports from Costa Rica.

From 2012 to 2022, the average annual growth rate of value to Honduras stood at +49.0%.

Export Prices by Country

The average export price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, increasing by 4.8% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 38%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Honduras.

From 2012 to 2022, the rate of growth in terms of prices for El Salvador amounted to +3.7% per year.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Costa Rica

In 2022, the amount of frozen pig meat other than cuts or carcases imported into Costa Rica fell markedly to X tons, waning by -18.7% against the year before. Over the period under review, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. As a result, imports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, imports of frozen pig meat other than cuts or carcases dropped markedly to $X in 2022. Overall, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 96% against the previous year. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of frozen pig meat other than cuts or carcases to Costa Rica, accounting for a 71% share of total imports. Moreover, imports of frozen pig meat other than cuts or carcases from the United States exceeded the figures recorded by the second-largest supplier, Chile (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+16.0% per year) and Canada (-3.0% per year).

In value terms, the United States ($X) constituted the largest supplier of frozen pig meat other than cuts or carcases to Costa Rica, comprising 73% of total imports. The second position in the ranking was taken by Chile ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+14.0% per year) and Canada (-4.7% per year).

Import Prices by Country

In 2022, the average import price for frozen pig meat other than cuts or carcases amounted to $X per ton, with a decrease of -7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform