Price for Meat of Bovine Animals; Fresh or Chilled in Panama - 2023
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Panama (CIF) - 2023
- Price for Meat of Bovine Animals; Fresh or Chilled in Panama (FOB) - 2022
- Imports of Meat of Bovine Animals; Fresh or Chilled in Panama
- Exports of Meat of Bovine Animals; Fresh or Chilled in Panama
Price for Meat of Bovine Animals; Fresh or Chilled in Panama (CIF) - 2023
The average import price for meat of bovine animals; fresh or chilled stood at $3,352 per ton in November 2023, waning by -75.3% against the previous month. In general, the import price saw a drastic downturn. The most prominent rate of growth was recorded in December 2022 an increase of 133% m-o-m. The import price peaked at $16,827 per ton in September 2023; however, from October 2023 to November 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From November 2022 to November 2023, the rate of growth in terms of prices for the United States amounted to -5.0% per month.
Price for Meat of Bovine Animals; Fresh or Chilled in Panama (FOB) - 2022
In 2022, the average export price for meat of bovine animals; fresh or chilled amounted to $6,910 per ton, with a decrease of -6.1% against the previous year. Overall, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 an increase of 13%. The export price peaked at $8,373 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for El Salvador.
From 2014 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +11.9% per year.
Imports of Meat of Bovine Animals; Fresh or Chilled in Panama
In 2022, approx. 467 tons of meat of bovine animals; fresh or chilled were imported into Panama; with a decrease of -6.2% against 2021 figures. In general, imports faced a sharp downturn. The smallest decline of -5.5% was in 2021.
In value terms, imports of meat of bovine animals; fresh or chilled shrank to $4.3M in 2022. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 17%.
| Import of Meat of Bovine Animals; Fresh or Chilled in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.0 | 3.3 | 4.9 | 4.3 | 12.7% |
| Nicaragua | 5.1 | 0.9 | 0.1 | N/A | -86.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.1 | 4.2 | 4.9 | 4.3 | -19.0% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Panama in 2022:
- United States (467.5 tons)
Exports of Meat of Bovine Animals; Fresh or Chilled in Panama
In 2022, approx. 25 tons of meat of bovine animals; fresh or chilled were exported from Panama; with a decrease of -41.2% compared with the year before. In general, exports saw a significant decline.
In value terms, exports of meat of bovine animals; fresh or chilled contracted remarkably to $171K in 2022. Over the period under review, exports saw a sharp contraction.
| Export of Meat of Bovine Animals; Fresh or Chilled in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 2,134 | 654 | 191 | 171 | -56.9% |
| Hong Kong SAR | 103 | N/A | N/A | N/A | 0% |
| China | 213 | N/A | N/A | N/A | 0% |
| Guatemala | 1,305 | 381 | 118 | N/A | -69.9% |
| Others | 7.4 | N/A | N/A | N/A | 0% |
| Total | 3,763 | 1,035 | 309 | 171 | -64.3% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Panama in 2022:
- El Salvador (24.7 tons)
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