Swine; Live Price in Panama - 2022
Contents:
Swine; Live Price in Panama (CIF) - 2022
In 2022, the average swine; live import price amounted to $2,254 per unit, surging by 11% against the previous year. Over the period under review, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 17% against the previous year. Over the period under review, average import prices attained the maximum at $2,361 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,981 per unit), while the price for Costa Rica ($1,218 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Swine; Live Imports in Panama
In 2022, supplies from abroad of swine; live decreased by -32.7% to 169 units, falling for the second consecutive year after two years of growth. Overall, imports showed a slight decline. The growth pace was the most rapid in 2020 with an increase of 48%. As a result, imports reached the peak of 257 units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, swine; live imports shrank notably to $381K in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 57% against the previous year. Over the period under review, imports attained the maximum at $508K in 2021, and then fell sharply in the following year.
| Import of Swine; Live in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 155 | 274 | 281 | 202 | 9.2% |
| United States | 70.8 | 126 | 165 | 137 | 24.6% |
| Costa Rica | 58.1 | 46.3 | 61.7 | 41.4 | -10.7% |
| Others | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Total | 284 | 446 | 508 | 381 | 10.3% |
Top Suppliers of Swine; Live to Panama in 2022:
- Canada (89.0 units)
- United States (46.0 units)
- Costa Rica (34.0 units)
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