Market research

Beef and buffalo meat market in Honduras

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market volume for beef and buffalo meat in Honduras experienced a slight contraction in the early years of the period, falling from 63 710 t in 2018 to 62 373 t in 2020. This was followed by a steady recovery, with the market size reaching 65 938 t by 2023, representing a net growth over the full timeframe.

Domestic production remained relatively stable, hovering around 66 000 t annually after a minor dip in 2020. The expansion of the market was supported by a gradual increase in imports, which rose from 1 401 t to 1 877 t, and a significant reduction in export volumes, which nearly halved from 3 873 t to 1 940 t.

In value terms, the market demonstrated a stronger upward trend, growing from $245.6 million to $327.3 million, indicating a rise in unit prices or a shift toward higher-value products alongside the volume increase.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Honduras
  1. 5.1.1. Annual dynamics of production in Honduras in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Honduras in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Honduras in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Honduras by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Honduras in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Honduras by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Honduras, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Honduras by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Honduras in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Honduras by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Honduras in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Honduras by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Honduras, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Honduras by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Honduras in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Honduras by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Honduras in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Honduras by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Honduras, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Honduras by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Honduras in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Honduras by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Honduras in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Honduras by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Honduras, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Honduras by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production beef and buffalo meat in Honduras

In kind, 2017-2020, t

Top producers of beef and buffalo meat, 2017-2020

Source: SHEV.io

World map of production of beef and buffalo meat, 2017-2020

Source: SHEV.io

Honduras experienced a second consecutive year of decline in beef and buffalo meat production. In 2020, the country produced 65 000 tonnes, marking a slight 1.2% decrease from 2019. Production peaked in 2018 at 66 182 tonnes, which also saw the largest annual increase of 1.3%.

Annual dynamics of production in Honduras in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.3%	(0.6%)	(1.2%)	(0.2%)

Source: SHEV.io

In value, 2017-2020, M $ US

In 2020, the value of beef and buffalo meat production in Honduras reached 297.1 million US dollars, representing a substantial 24.8% increase from the previous year. Over the period from 2017 to 2020, production value grew by 18.4%, averaging an annualized rate of 5.8%. The lowest value was recorded in 2019 at 238.0 million US dollars, which also saw the largest decline of 5.6%.

Annual dynamics of production in Honduras in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.5%	(5.6%)	24.8%	5.8%

Source: SHEV.io

Exports beef and buffalo meat from Honduras

Exports in kind, t

Honduras saw a third consecutive year of growth in beef and buffalo meat exports. In 2020, the country exported 4 082 tonnes, reflecting a 2.8% increase compared to 2019. From 2017 to 2020, exports surged by 78.4%, with a compound annual growth rate of 21.3%.

Annual dynamics of product's exports from Honduras in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	69.3%	2.6%	2.8%	21.3%

Source: SHEV.io

Between 2017 and 2020, three main markets—the United States, El Salvador, and Guatemala—collectively accounted for 87.5% of Honduras's total beef and buffalo meat exports by volume.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Honduras in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

In 2020, the value of beef and buffalo meat exports from Honduras stood at 18.661 million US dollars, indicating a significant 29.8% gain from the previous year. Over the 2017-2020 period, export value increased by 112.4%, with a compound annual growth rate of 28.5%. The largest decline occurred in 2019 at 2.6%, while the largest increase was recorded in 2018 at 67.9%.

Annual dynamics of product's exports from Honduras in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	67.9%	(2.6%)	29.8%	28.5%

Source: SHEV.io

From 2017 to 2020, the United States (39.5% of export value), El Salvador (27.6%), and Guatemala (21.5%) were the largest buyers of beef and buffalo meat from Honduras, together comprising 88.6% of total exports in value terms.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Honduras in value, 2017-2020

Source: SHEV.io

Imports beef and buffalo meat to Honduras

Imports in kind, t

Following a two-year uptick, beef and buffalo meat imports into Honduras declined. In 2020, imports totaled 1 456 tonnes, showing a strong 20.9% decrease from 2019. Over the 2017-2020 period, imports increased by 12.9%, with a compound annual growth rate of 4.1%. The peak was recorded in 2019 at 1 840 tonnes, which also saw the largest annual increase of 31.3%.

Annual dynamics of product's imports to Honduras in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.7%	31.3%	(20.9%)	4.1%

Source: SHEV.io

Throughout 2017-2020, the United States and Costa Rica were the key partners for beef and buffalo meat imports by volume, together holding a 93.9% share of total flows, with other countries accounting for the remainder.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Honduras in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

After a two-year rise, beef and buffalo meat imports into Honduras declined. In 2020, imports amounted to 7.274 million US dollars, down by 29.0% from the previous year. Between 2017 and 2020, imports decreased by 3%, averaging an annualized decline of 1.0%. The highest value was recorded in 2019 at 10.239 million US dollars, which also experienced the largest increase of 24.7%.

Annual dynamics of product's imports to Honduras in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.5%	24.7%	(29.0%)	(1.0%)

Source: SHEV.io

From 2017 to 2020, the import structure in value terms was highly concentrated, with the United States and Costa Rica together accounting for 95.3% of total flows, while other partners made up a minimal share.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Honduras in value, 2017-2020

Source: SHEV.io