Swine; Live Price in Costa Rica - 2022

Swine; Live Price in Costa Rica (FOB) - 2022

The average swine; live export price stood at $672 per unit in 2022, growing by 9.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2017 an increase of 19% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($830 per unit), while the average price for exports to Panama ($437 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Swine; Live Price in Costa Rica (CIF) - 2022

The average swine; live import price stood at $414 per unit in 2022, dropping by -1.7% against the previous year. Overall, the import price recorded a slight decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 52%. As a result, import price reached the peak level of $747 per unit. From 2020 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 the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -1.8% per year.

Swine; Live Exports in Costa Rica

In 2022, after three years of growth, there was significant decline in shipments abroad of swine; live, when their volume decreased by -8.7% to 1.4K units. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 54%. The exports peaked at 1.6K units in 2021, and then dropped in the following year.

In value terms, swine; live exports totaled $958K in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Swine; Live in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Honduras	125	229	435	433	51.3%
Nicaragua	84.9	241	188	266	46.3%
El Salvador	177	211	146	145	-6.4%
Panama	53.8	37.5	50.8	36.3	-12.3%
Guatemala	75.3	72.0	56.0	29.9	-26.5%
Others	32.6	35.5	80.5	47.7	13.5%
Total	549	826	956	958	20.4%

Top Export Markets for Swine; Live from Costa Rica in 2022:

Honduras (634.0 units)
El Salvador (328.0 units)
Nicaragua (320.0 units)
Panama (83.0 units)
Guatemala (53.0 units)

Swine; Live Imports in Costa Rica

In 2022, approx. 307 units of swine; live were imported into Costa Rica; reducing by -40.6% against the previous year's figure. Over the period under review, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 42% against the previous year. Over the period under review, imports reached the maximum at 576 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, swine; live imports dropped sharply to $127K in 2022. In general, imports showed a precipitous slump. The pace of growth was the most pronounced in 2021 when imports increased by 2.1%. Over the period under review, imports hit record highs at $430K in 2019; however, from 2020 to 2022, imports failed to regain momentum.