Price for Frozen Sheep (Including Lamb) Boneless Cuts in Panama - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Boneless Cuts in Panama (CIF) - 2022
- Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Panama
Price for Frozen Sheep (Including Lamb) Boneless Cuts in Panama (CIF) - 2022
The average import price for frozen sheep (including lamb) boneless cutses stood at $8,832 per ton in 2022, increasing by 49% against the previous year. Overall, import price indicated a tangible increase from 2013 to 2022: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 an increase of 56%. As a result, import price attained the peak level of $8,890 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($9,564 per ton), while the price for the United States stood at $7,728 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Frozen Sheep (Including Lamb) Boneless Cuts in Panama
For the fourth consecutive year, Panama recorded growth in overseas purchases of frozen sheep (including lamb) boneless cutses, which increased by 8.3% to 9.1 tons in 2022. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 47%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of frozen sheep (including lamb) boneless cutses skyrocketed to $81K in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Sheep (Including Lamb) Boneless Cuts in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 0.2 | 1.3 | 22.4 | 52.5 | 540.3% |
| United States | 11.5 | 24.3 | 6.6 | 28.1 | 34.7% |
| Netherlands | 5.6 | N/A | N/A | N/A | 0% |
| Turkey | 6.2 | 14.4 | 17.8 | N/A | 69.4% |
| Others | 10.2 | 9.9 | 3.2 | N/A | -44.0% |
| Total | 33.8 | 49.9 | 50.1 | 80.7 | 33.7% |
Top Suppliers of Frozen Sheep (Including Lamb) Boneless Cuts to Panama in 2022:
- Chile (5.5 tons)
- United States (3.6 tons)
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