Report Update Apr 1, 2024

Panama - Frozen Pig Meat - Market Analysis, Forecast, Size, Trends and Insights

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Panama: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Panama

The Panamanian market for frozen pig meat other than cuts or carcases reduced notably to $X in 2022, falling by -16.9% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.3% against 2020 indices. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Panama

In value terms, production of frozen pig meat other than cuts or carcases reduced to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 35%. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Panama

In 2022, overseas shipments of frozen pig meat other than cuts or carcases were finally on the rise to reach X tons after four years of decline. In general, exports, however, saw a deep downturn. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of frozen pig meat other than cuts or carcases soared to $X in 2022. Over the period under review, exports, however, recorded a slight downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cuba (X tons) was the main destination for exports of frozen pig meat other than cuts or carcases from Panama, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cuba was relatively modest.

In value terms, Cuba ($X) emerged as the key foreign market for frozen pig meat other than cuts or carcases exports from Panama.

From 2012 to 2022, the average annual rate of growth in terms of value to Cuba was relatively modest.

Export Prices by Country

The average export price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, increasing by 183% against the previous year. Overall, the export price saw a noticeable expansion. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +135.1% per year.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Panama

In 2022, imports of frozen pig meat other than cuts or carcases into Panama declined notably to X tons, which is down by -40.4% against the previous year. In general, imports, however, recorded significant growth. The growth pace was the most rapid in 2017 with an increase of 11,121%. Imports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, imports of frozen pig meat other than cuts or carcases contracted notably to $X in 2022. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2017 with an increase of 12,189% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2021, and then dropped significantly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of frozen pig meat other than cuts or carcases to Panama, accounting for a 86% share of total imports. Moreover, imports of frozen pig meat other than cuts or carcases from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +108.6%.

In value terms, the United States ($X) constituted the largest supplier of frozen pig meat other than cuts or carcases to Panama, comprising 89% of total imports. The second position in the ranking was taken by Canada ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +103.0%.

Import Prices by Country

The average import price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, rising by 9.1% against the previous year. Overall, the import price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2015 an increase of 32% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen pig meat other than cuts or carcases in the world?

The countries with the highest volumes of consumption in 2022 were China, India and Japan, together comprising 27% of global consumption. South Korea, the United States, Mexico, Russia, Nigeria, Spain, the Philippines, Canada, Bangladesh and Turkey lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of frozen pig meat other than cuts or carcases in the world?

The countries with the highest volumes of production in 2022 were Spain, Brazil and the United States, with a combined 32% share of global production. India, Canada, Russia, Denmark, Mexico, the Netherlands, Germany, Nigeria, Bangladesh and Turkey lagged somewhat behind, together accounting for a further 43%.

What are the leading suppliers of frozen pig meat other than cuts or carcases to Panama?

In value terms, the United States constituted the largest supplier of frozen pig meat other than cuts or carcases to Panama, comprising 89% of total imports. The second position in the ranking was taken by Canada, with an 11% share of total imports.

What are the leading importers of frozen pig meat other than cuts or carcases from Panama?

In value terms, Cuba emerged as the key foreign market for frozen pig meat other than cuts or carcases exports from Panama.

What is the average export price for frozen pig meat other than cuts or carcases in Panama?

In 2022, the average export price for frozen pig meat other than cuts or carcases amounted to $6,369 per ton, jumping by 183% against the previous year.

What is the average import price for frozen pig meat other than cuts or carcases in Panama?

The average import price for frozen pig meat other than cuts or carcases stood at $2,944 per ton in 2022, surging by 9.1% against the previous year.

This report provides an in-depth analysis of the market for frozen pig meat other than cuts or carcases in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10113290 - Frozen pig meat (excluding carcases and half-carcases, h ams, shoulders and cuts thereof with bone in)

Country coverage:

Panama

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Panama
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023