Price for Meat of Bovine Animals; Frozen in Panama - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Panama (FOB) - 2022
- Price for Meat of Bovine Animals; Frozen in Panama (CIF) - 2023
- Exports of Meat of Bovine Animals; Frozen in Panama
- Imports of Meat of Bovine Animals; Frozen in Panama
Price for Meat of Bovine Animals; Frozen in Panama (FOB) - 2022
The average export price for meat of bovine animals; frozen stood at $3,980 per ton in 2022, waning by -5.2% against the previous year. Over the period under review, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 12%. As a result, the export price attained the peak level of $9,225 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Trinidad and Tobago ($4,642 per ton) and Taiwan (Chinese) ($4,388 per ton), while the average price for exports to Guatemala ($3,253 per ton) and Jamaica ($3,542 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Panama (CIF) - 2023
In September 2023, the average import price for meat of bovine animals; frozen amounted to $13,060 per ton, jumping by 74% against the previous month. Over the period under review, the import price continues to indicate a tangible expansion. The pace of growth was the most pronounced in May 2023 when the average import price increased by 97% against the previous month. As a result, import price attained the peak level of $15,552 per ton. From June 2023 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($16,335 per ton), while the price for Argentina ($4,371 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+5.6%), while the prices for the other major suppliers experienced a decline.
Exports of Meat of Bovine Animals; Frozen in Panama
In 2022, overseas shipments of meat of bovine animals; frozen decreased by -18.4% to 6.3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2020 with an increase of 11%.
In value terms, meat of bovine animals; frozen exports shrank dramatically to $25M in 2022. In general, exports recorded a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. As a result, the exports reached the peak of $33M, and then reduced rapidly in the following year.
| Export of Meat of Bovine Animals; Frozen in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.7 | 18.5 | 20.7 | 19.8 | 3.8% |
| Taiwan (Chinese) | 5.0 | 6.2 | 6.5 | 3.1 | -14.7% |
| Jamaica | 1.2 | 1.1 | 2.1 | 1.4 | 5.3% |
| Guatemala | 0.8 | 1.1 | 0.8 | 0.1 | -50.0% |
| Others | 2.0 | 2.0 | 2.5 | 0.8 | -26.3% |
| Total | 26.7 | 29.0 | 32.5 | 25.2 | -1.9% |
Top Export Markets for Meat of Bovine Animals; Frozen from Panama in 2022:
- Guatemala (undefinedK tons)
- China (5.0K tons)
- Taiwan (Chinese) (0.7K tons)
- Jamaica (0.4K tons)
Imports of Meat of Bovine Animals; Frozen in Panama
Meat of bovine animals; frozen imports into Panama was estimated at 2.3K tons in 2022, increasing by 3.4% against 2021 figures. Over the period under review, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year.
In value terms, meat of bovine animals; frozen imports reduced to $17M in 2022. Overall, imports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 86% against the previous year.
| Import of Meat of Bovine Animals; Frozen in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.4 | 9.1 | 18.0 | 15.1 | -2.7% |
| Uruguay | N/A | N/A | N/A | 1.4 | 0% |
| Argentina | 2.0 | 0.6 | 0.6 | 0.4 | -41.5% |
| Canada | N/A | N/A | N/A | 0.3 | 0% |
| Nicaragua | 1.2 | N/A | N/A | N/A | 0% |
| Mexico | 0.7 | 0.2 | 0.1 | N/A | -62.2% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 20.4 | 10.0 | 18.7 | 17.2 | -5.5% |
Top Suppliers of Meat of Bovine Animals; Frozen to Panama in 2022:
- United States (1866.3 tons)
- Uruguay (250.1 tons)
- Canada (107.8 tons)
- Argentina (82.6 tons)
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