Bovine Animals; Live Price in Costa Rica - 2022
Contents:
- Bovine Animals; Live Price in Costa Rica (CIF) - 2022
- Bovine Animals; Live Price in Costa Rica (FOB) - 2022
- Bovine Animals; Live Imports in Costa Rica
- Bovine Animals; Live Exports in Costa Rica
Bovine Animals; Live Price in Costa Rica (CIF) - 2022
In 2022, the average bovine animals; live import price amounted to $1,042 per unit, rising by 6.6% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bovine animals; live import price increased by +19.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 88% against the previous year. As a result, import price attained the peak level of $1,750 per unit. From 2019 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Panama ($1,812 per unit), while the price for Nicaragua stood at $1,040 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+7.1%).
Bovine Animals; Live Price in Costa Rica (FOB) - 2022
In 2022, the average bovine animals; live export price amounted to $1,583 per unit, surging by 9.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 16%. The export price peaked at $1,955 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Panama ($1,898 per unit) and Honduras ($1,834 per unit), while the average price for exports to El Salvador ($1,310 per unit) and Nicaragua ($1,452 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Bovine Animals; Live Imports in Costa Rica
In 2022, purchases abroad of bovine animals; lives decreased by -23.9% to 11K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 2,100%. Imports peaked at 15K units in 2021, and then dropped remarkably in the following year.
In value terms, bovine animals; live imports reduced sharply to $12M in 2022. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 1,573% against the previous year. Over the period under review, imports attained the maximum at $14M in 2021, and then reduced dramatically in the following year.
| Import of Bovine Animals; Live in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 0.1 | 2.9 | 14.2 | 11.6 | 387.7% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 0.2 | 2.9 | 14.3 | 11.6 | 287.1% |
Top Suppliers of Bovine Animals; Live to Costa Rica in 2022:
- Nicaragua (11.1K units)
Bovine Animals; Live Exports in Costa Rica
In 2022, exports of bovine animals; lives from Costa Rica surged to 265 units, picking up by 65% compared with the previous year. Overall, exports, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 104% against the previous year. Over the period under review, the exports reached the peak figure at 291 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, bovine animals; live exports soared to $419K in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 80%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Bovine Animals; Live in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 45.5 | 41.2 | 59.7 | 144 | 46.8% |
| Honduras | 149 | 34.3 | 57.7 | 101 | -12.2% |
| El Salvador | 56.9 | 41.7 | 87.3 | 81.2 | 12.6% |
| Panama | 144 | N/A | 24.0 | 77.8 | -18.6% |
| Guatemala | 23.1 | 12.2 | 4.8 | N/A | -54.4% |
| Others | N/A | N/A | N/A | 15.8 | 0% |
| Total | 418 | 129 | 233 | 419 | 0.1% |
Top Export Markets for Bovine Animals; Live from Costa Rica in 2022:
- Nicaragua (99.0 units)
- El Salvador (62.0 units)
- Honduras (55.0 units)
- Panama (41.0 units)
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