Costa Rica: Animal Guts Market 2024

Animal Guts Market Size in Costa Rica

The Costa Rican animal guts market contracted to $X in 2022, shrinking by -3.3% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Animal Guts Production in Costa Rica

In value terms, animal guts production contracted slightly to $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 84% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Animal Guts Exports

Exports from Costa Rica

In 2022, approx. X tons of guts, bladders and stomachs of animals were exported from Costa Rica; increasing by 6.3% compared with the previous year's figure. Overall, exports recorded a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 126% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, animal guts exports fell to $X in 2022. Over the period under review, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 115%. The exports peaked at $X in 2021, and then dropped modestly in the following year.

Exports by Country

Mexico (X tons) was the main destination for animal guts exports from Costa Rica, with a 44% share of total exports. Moreover, animal guts exports to Mexico exceeded the volume sent to the second major destination, the United States (X tons), twofold. Honduras (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico totaled +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+80.0% per year) and Honduras (+46.4% per year).

In value terms, the largest markets for animal guts exported from Costa Rica were Japan ($X), Mexico ($X) and the United States ($X), together accounting for 81% of total exports.

The United States, with a CAGR of +68.2%, recorded the highest rates of growth with regard to 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

The average animal guts export price stood at $X per ton in 2022, shrinking by -8.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2021 when the average export price increased by 18%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

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 ($X per ton), while the average price for exports to Honduras ($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 Jamaica (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Guts Imports

Imports into Costa Rica

Animal guts imports into Costa Rica contracted to X tons in 2022, almost unchanged from 2021 figures. Over the period under review, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 58%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, animal guts imports shrank significantly to $X in 2022. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Nicaragua (X tons) constituted the largest supplier of animal guts to Costa Rica, accounting for a 70% share of total imports. Moreover, animal guts imports from Nicaragua exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Nicaragua amounted to +1.5%.

In value terms, Nicaragua ($X) constituted the largest supplier of guts, bladders and stomachs of animals to Costa Rica, comprising 73% of total imports. The second position in the ranking was taken by the United States ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Nicaragua totaled +16.6%.

Import Prices by Country

In 2022, the average animal guts import price amounted to $X per ton, shrinking by -20.1% against the previous year. Overall, the import price, however, showed a strong expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 69%. As a result, import price attained the peak level of $X per ton, and then reduced rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+14.9%).

Source: IndexBox Platform