Bovine Animals; Live Price in Panama - 2023
Contents:
- Bovine Animals; Live Price in Panama (FOB) - 2022
- Bovine Animals; Live Price in Panama (CIF) - 2022
- Bovine Animals; Live Exports in Panama
- Bovine Animals; Live Imports in Panama
Bovine Animals; Live Price in Panama (FOB) - 2022
The average bovine animals; live export price stood at $1,893 per unit in 2022, increasing by 33% against the previous year. In general, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of 119% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($1,896 per unit), while the average price for exports to Costa Rica ($1,859 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.
Bovine Animals; Live Price in Panama (CIF) - 2022
The average bovine animals; live import price stood at $1,798 per unit in 2022, surging by 1.8% against the previous year. Over the period under review, the import price recorded a modest expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 99%. The import price peaked at $3,410 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Costa Rica ($1,817 per unit), while the price for the United States ($1,751 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Bovine Animals; Live Exports in Panama
In 2022, after three years of growth, there was significant decline in shipments abroad of bovine animals; lives, when their volume decreased by -28.3% to 230 units. Overall, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 82%. As a result, the exports reached the peak of 321 units, and then fell significantly in the following year.
In value terms, bovine animals; live exports dropped to $435K in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +19.1% 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 +69.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, the exports reached the peak of $455K, and then reduced in the following year.
| Export of Bovine Animals; Live in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 230 | 292 | 392 | 317 | 11.3% |
| Honduras | 12.0 | 29.8 | 32.5 | 89.0 | 95.0% |
| Costa Rica | 15.5 | N/A | 31.3 | 29.8 | 24.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 258 | 321 | 455 | 435 | 19.0% |
Top Export Markets for Bovine Animals; Live from Panama in 2022:
- Nicaragua (167.0 units)
- Honduras (47.0 units)
- Costa Rica (16.0 units)
Bovine Animals; Live Imports in Panama
In 2022, the amount of bovine animals; lives imported into Panama fell significantly to 63 units, waning by -42.7% against the previous year. Over the period under review, imports saw a dramatic decrease. The growth pace was the most rapid in 2021 when imports increased by 307%. Over the period under review, imports hit record highs at 197 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, bovine animals; live imports fell significantly to $113K in 2022. Overall, imports recorded a dramatic slump. The most prominent rate of growth was recorded in 2021 when imports increased by 230% against the previous year. Over the period under review, imports reached the peak figure at $361K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Bovine Animals; Live in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 122 | N/A | 25.1 | 58.1 | -21.9% |
| Mexico | 20.0 | 16.9 | 73.0 | 28.9 | 13.1% |
| United States | 197 | 42.1 | 96.2 | 26.3 | -48.9% |
| Guatemala | 21.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 361 | 58.9 | 194 | 113 | -32.1% |
Top Suppliers of Bovine Animals; Live to Panama in 2022:
- Costa Rica (32.0 units)
- Mexico (16.0 units)
- United States (15.0 units)
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