Costa Rica: Meat Dishes Market 2024

Meat Dishes Market Size in Costa Rica

The Costa Rican meat dishes market dropped to $X in 2022, with a decrease of -2.3% against the previous year. In general, consumption, however, enjoyed a buoyant increase. Meat dishes consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Meat Dishes Production in Costa Rica

In value terms, meat dishes production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw a remarkable increase. The growth pace was the most rapid in 2017 when the production volume increased by 76%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Meat Dishes Exports

Exports from Costa Rica

In 2022, meat dishes exports from Costa Rica shrank significantly to X tons, with a decrease of -17.6% compared with the previous year's figure. In general, exports recorded a slight shrinkage. The growth pace was the most rapid in 2021 with an increase of 18%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, meat dishes exports declined to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Nicaragua (X tons) was the main destination for meat dishes exports from Costa Rica, with a 62% share of total exports. Moreover, meat dishes exports to Nicaragua exceeded the volume sent to the second major destination, Honduras (X tons), threefold. The third position in this ranking was held by Mexico (X tons), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to Nicaragua was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+4.2% per year) and Mexico (-2.0% per year).

In value terms, Nicaragua ($X) remains the key foreign market for meat dishes exports from Costa Rica, comprising 58% of total exports. The second position in the ranking was taken by Honduras ($X), with a 23% share of total exports. It was followed by El Salvador, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Nicaragua stood at +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+5.8% per year) and El Salvador (-6.7% per year).

Export Prices by Country

The average meat dishes export price stood at $X per ton in 2022, surging by 5.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2013 when the average export price increased by 7.4%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major export 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 Guatemala (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Dishes Imports

Imports into Costa Rica

In 2022, after three years of decline, there was significant growth in supplies from abroad of meat dishes, when their volume increased by 9.1% to X tons. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by 85% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, meat dishes imports skyrocketed to $X in 2022. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 76%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest meat dishes supplier to Costa Rica, with a 75% share of total imports. Moreover, meat dishes imports from the United States exceeded the figures recorded by the second-largest supplier, Guatemala (X tons), fourfold. The third position in this ranking was taken by Nicaragua (X tons), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+13.6% per year) and Nicaragua (+123.7% per year).

In value terms, the United States ($X) constituted the largest supplier of meat dishes to Costa Rica, comprising 77% of total imports. The second position in the ranking was held by Guatemala ($X), with a 13% share of total imports. It was followed by Nicaragua, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+15.4% per year) and Nicaragua (+147.6% per year).

Import Prices by Country

In 2022, the average meat dishes import price amounted to $X per ton, increasing by 12% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat dishes import price increased by +21.3% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of 51%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform