Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Panama - 2023

Contents:

1. Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Panama (CIF) - 2023
2. Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Panama

Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Panama (CIF) - 2023

The average import price for offal, edible; of swine, (other than livers), frozen stood at $2,159 per ton in November 2023, increasing by 12% against the previous month. In general, the import price recorded a resilient increase. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 56% month-to-month. The import price peaked in November 2023.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($2,234 per ton), while the price for Canada amounted to $1,864 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Panama

For the fourth year in a row, Panama recorded growth in supplies from abroad of offal, edible; of swine, (other than livers), frozen, which increased by 3.3% to 5.1K tons in 2022. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 6.8% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of offal, edible; of swine, (other than livers), frozen contracted significantly to $5M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three-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 2021 with an increase of 32% against the previous year. As a result, imports attained the peak of $7.1M, and then dropped significantly in the following year.

Top Suppliers of Offal, Edible; of Swine, (Other than Livers), Frozen to Panama in 2022:

1. Canada (4.3K tons)
2. Netherlands (0.5K tons)
3. United States (0.2K tons)
4. Free Zones (0.1K tons)

Source: IndexBox Market Intelligence Platform