Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Panama - 2023
Contents:
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Panama (FOB) - 2022
- Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Panama (CIF) - 2022
- Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Panama
- Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Panama
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Panama (FOB) - 2022
In 2022, the average export price for poultry fat; other than that of heading 0209 or 1503 meat amounted to $1,009 per ton, rising by 19% against the previous year. Overall, the export price saw a noticeable expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($1,268 per ton), while the average price for exports to Honduras stood at $998 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+16.0%).
Price for Poultry Fat; Other than That of Heading 0209 or 1503 in Panama (CIF) - 2022
The average import price for poultry fat; other than that of heading 0209 or 1503 meat stood at $4,593 per ton in 2022, growing by 22% against the previous year. Over the period under review, import price indicated notable growth from 2017 to 2022: its price increased at an average annual rate of +3.6% 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 poultry fat; other than that of heading 0209 or 1503 meat increased by +66.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 48%. The import price peaked in 2022 and is likely to see steady growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2017 to 2022, the rate of growth in terms of prices for the United States amounted to +3.6% per year.
Exports of Poultry Fat; Other than That of Heading 0209 or 1503 in Panama
In 2022, approx. 1.7K tons of poultry fat; other than that of heading 0209 or 1503 meat were exported from Panama; increasing by 5% on 2021. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 205% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of poultry fat; other than that of heading 0209 or 1503 meat skyrocketed to $1.7M in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 228% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Poultry Fat; Other than That of Heading 0209 or 1503 in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Honduras | 285 | 1,170 | 1,582 | 135.6% | |
| Costa Rica | 123 | 121 | 86.3 | -16.2% | |
| Others | N/A | 45.6 | N/A | 0% | |
| Total | 407 | 1,337 | 1,668 | 102.4% | |
Top Export Markets for Poultry Fat; Other than That of Heading 0209 or 1503 from Panama in 2022:
- Honduras (1584.5 tons)
- Costa Rica (68.0 tons)
Imports of Poultry Fat; Other than That of Heading 0209 or 1503 in Panama
After two years of decline, overseas purchases of poultry fat; other than that of heading 0209 or 1503 meat increased by 15% to 2.8 tons in 2022. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of poultry fat; other than that of heading 0209 or 1503 meat surged to $13K in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Poultry Fat; Other than That of Heading 0209 or 1503 in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.1 | 10.3 | 9.3 | 13.0 | 22.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.1 | 10.3 | 9.3 | 13.0 | 22.3% |
Top Suppliers of Poultry Fat; Other than That of Heading 0209 or 1503 to Panama in 2022:
- United States (2.8 tons)
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