Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Panama - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Panama (CIF) - 2022
2. Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Panama (FOB) - 2022
3. Imports of Offal, Edible; of Bovine Animals, Livers, Frozen in Panama
4. Exports of Offal, Edible; of Bovine Animals, Livers, Frozen in Panama

Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Panama (CIF) - 2022

The average import price for offal, edible; of bovine animals, livers, frozens stood at $1,694 per ton in 2022, with an increase of 35% against the previous year. In general, import price indicated a resilient increase from 2017 to 2022: its price increased at an average annual rate of +5.2% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for offal, edible; of bovine animals, livers, frozens increased by +83.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 36% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Free Zones ($1,919 per ton) and Canada ($1,829 per ton), while the price for Mexico ($1,588 per ton) and the United States ($1,730 per ton) were amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+41.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Panama (FOB) - 2022

The average export price for offal, edible; of bovine animals, livers, frozens stood at $1,533 per ton in 2022, waning by -2.6% against the previous year. Over the last five years, it increased at an average annual rate of +5.2%. The growth pace was the most rapid in 2019 an increase of 23%. Over the period under review, the average export prices hit record highs at $1,574 per ton in 2021, and then fell modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for Jamaica.

From 2017 to 2022, the rate of growth in terms of prices for El Salvador amounted to +3.7% per year.

Imports of Offal, Edible; of Bovine Animals, Livers, Frozen in Panama

In 2022, after three years of growth, there was significant decline in supplies from abroad of offal, edible; of bovine animals, livers, frozens, when their volume decreased by -28.7% to 425 tons. Over the period under review, imports, however, saw a modest expansion. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. As a result, imports attained the peak of 597 tons, and then declined markedly in the following year.

In value terms, imports of offal, edible; of bovine animals, livers, frozens reduced slightly to $721K in 2022. In general, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 80%. As a result, imports attained the peak of $748K, and then contracted slightly in the following year.

Top Suppliers of Offal, Edible; of Bovine Animals, Livers, Frozen to Panama in 2022:

1. Mexico (178.6 tons)
2. United States (168.6 tons)
3. Canada (49.9 tons)
4. Free Zones (28.3 tons)

Exports of Offal, Edible; of Bovine Animals, Livers, Frozen in Panama

In 2022, the amount of offal, edible; of bovine animals, livers, frozens exported from Panama surged to 23 tons, with an increase of 20,322% against the year before. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of offal, edible; of bovine animals, livers, frozens soared to $36K in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Offal, Edible; of Bovine Animals, Livers, Frozen from Panama in 2022:

1. Jamaica (23.5 tons)

Source: IndexBox Market Intelligence Platform