Panama - Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMeat Price in Panama - 2023
Contents:
- Meat Price in Panama (CIF) - 2022
- Meat Price in Panama (FOB) - 2022
- Meat Imports in Panama
- Meat Exports in Panama
Meat Price in Panama (CIF) - 2022
The average meat import price stood at $3,965 per ton in 2022, rising by 6.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2013 when the average import price increased by 36%. Over the period under review, average import prices reached the maximum at $4,523 per ton in 2015; however, from 2016 to 2022, 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 Uruguay ($5,687 per ton), while the price for Canada ($2,631 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Meat Price in Panama (FOB) - 2022
The average meat export price stood at $3,990 per ton in 2022, reducing by -5.4% against the previous year. Over the period under review, the export price recorded a deep setback. The growth pace was the most rapid in 2013 an increase of 27% against the previous year. Over the period under review, the average export prices attained the peak figure at $8,684 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($5,067 per ton), while the average price for exports to Guatemala ($3,253 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Meat Imports in Panama
Meat imports into Panama declined sharply to 11K tons in 2022, with a decrease of -28.4% against the previous year. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of 15K tons, and then declined markedly in the following year.
In value terms, meat imports reduced markedly to $42M in 2022. Over the period under review, imports recorded a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. As a result, imports attained the peak of $55M, and then declined rapidly in the following year.
| Import of Meat in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 35.4 | 27.8 | 47.3 | 36.9 | 1.4% |
| Canada | 1.7 | 1.7 | 4.0 | 2.5 | 13.7% |
| Uruguay | N/A | N/A | N/A | 1.4 | 0% |
| Argentina | 2.0 | 0.6 | 0.6 | 0.4 | -41.5% |
| Nicaragua | 6.3 | 0.9 | 0.1 | N/A | -87.4% |
| Others | 3.4 | 2.3 | 2.5 | 0.6 | -43.9% |
| Total | 48.8 | 33.3 | 54.5 | 41.7 | -5.1% |
Top Suppliers of Meat to Panama in 2022:
- United States (9.2K tons)
- Canada (0.9K tons)
- Uruguay (0.3K tons)
- Argentina (0.1K tons)
Meat Exports in Panama
In 2022, overseas shipments of meat decreased by -18.1% to 6.4K tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 4.1%. As a result, the exports reached the peak of 7.8K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, meat exports reduced dramatically to $25M in 2022. In general, exports saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 9%. As a result, the exports attained the peak of $33M, and then fell rapidly in the following year.
| Export of Meat in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.9 | 18.5 | 20.7 | 19.8 | 3.4% |
| Taiwan (Chinese) | 5.0 | 6.2 | 6.5 | 3.1 | -14.7% |
| Jamaica | 1.2 | 1.1 | 2.1 | 1.4 | 5.3% |
| Cuba | 0.1 | 0.4 | 0.9 | 0.5 | 71.0% |
| El Salvador | 2.3 | 1.0 | 0.3 | 0.3 | -49.3% |
| Guatemala | 2.1 | 1.5 | 0.9 | 0.1 | -63.8% |
| Others | 1.9 | 1.4 | 1.4 | 0.4 | -40.5% |
| Total | 30.5 | 30.1 | 32.9 | 25.5 | -5.8% |
Top Export Markets for Meat from Panama in 2022:
- China (5008.3 tons)
- Taiwan (Chinese) (697.1 tons)
- Jamaica (394.5 tons)
- Cuba (101.0 tons)
- El Salvador (53.5 tons)
- Guatemala (40.4 tons)
This report provides an in-depth analysis of the meat market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1108 - Meat of asses
- FCL 947 - Buffalo meat
- FCL 1127 - Meat of camels
- FCL 867 - Meat of cattle
- FCL 870 - Meat of cattle, boneless
- FCL 1017 - Goat meat
- FCL 1097 - Horse meat
- FCL 1111 - Meat of mules
- FCL 1158 - Meat of other domestic camelids
- FCL 1151 - Meat of other domestic rodents
- FCL 1035 - Pig meat
- FCL 1141 - Rabbit meat
- FCL 977 - Meat of sheep
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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