Price for Cattle; Live, Pure-Bred Breeding Animals in Panama - 2023
Contents:
- Price for Cattle; Live, Pure-Bred Breeding Animals in Panama (FOB) - 2022
- Price for Cattle; Live, Pure-Bred Breeding Animals in Panama (CIF) - 2022
- Exports of Cattle; Live, Pure-Bred Breeding Animals in Panama
- Imports of Cattle; Live, Pure-Bred Breeding Animals in Panama
Price for Cattle; Live, Pure-Bred Breeding Animals in Panama (FOB) - 2022
The average export price for cattle; live, pure-bred breeding animalses stood at $1,885 per unit in 2022, surging by 33% against the previous year. Over the last six-year period, it increased at an average annual rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($1,893 per unit), while the average price for exports to Costa Rica ($1,859 per unit) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cattle; Live, Pure-Bred Breeding Animals in Panama (CIF) - 2022
In 2022, the average import price for cattle; live, pure-bred breeding animalses amounted to $2,097 per unit, falling by -27.7% against the previous year. Overall, the import price recorded a pronounced slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 33%. The import price peaked at $3,251 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($6,566 per unit), while the price for Mexico ($1,697 per unit) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cattle; Live, Pure-Bred Breeding Animals in Panama
In 2022, after three years of growth, there was significant decline in shipments abroad of cattle; live, pure-bred breeding animalses, when their volume decreased by -28.3% to 231 units. In general, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. As a result, the exports reached the peak of 322 units, and then dropped dramatically in the following year.
In value terms, cattle; live, pure-bred breeding animals exports reduced to $435K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year. As a result, the exports reached the peak of $455K, and then dropped in the following year.
Export of Cattle; Live, Pure-Bred Breeding Animals in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nicaragua | 205 | 245 | 356 | 317 | 15.6% |
Honduras | 10.7 | 25.0 | 29.6 | 89.0 | 102.6% |
Costa Rica | 13.8 | 19.7 | 28.5 | 29.8 | 29.3% |
Guatemala | 28.1 | 31.8 | 41.3 | N/A | 21.2% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 258 | 321 | 455 | 435 | 19.0% |
Top Export Markets for Cattle; Live, Pure-Bred Breeding Animals from Panama in 2022:
- Nicaragua (168.0 units)
- Honduras (47.0 units)
- Costa Rica (16.0 units)
Imports of Cattle; Live, Pure-Bred Breeding Animals in Panama
In 2022, the amount of cattle; live, pure-bred breeding animalses imported into Panama declined dramatically to 54 units, reducing by -19.4% against the year before. Over the period under review, imports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 148%. Over the period under review, imports reached the maximum at 198 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, cattle; live, pure-bred breeding animals imports reduced sharply to $113K in 2022. Overall, imports showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 230% against the previous year. Imports peaked at $361K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Cattle; Live, Pure-Bred Breeding Animals in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Costa Rica | 122 | 32.7 | 25.1 | 58.1 | -21.9% |
Mexico | 20.0 | 7.5 | 73.0 | 28.9 | 13.1% |
United States | 197 | 18.7 | 96.2 | 26.3 | -48.9% |
Guatemala | 21.3 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 361 | 58.9 | 194 | 113 | -32.1% |
Top Suppliers of Cattle; Live, Pure-Bred Breeding Animals to Panama in 2022:
- Costa Rica (33.0 units)
- Mexico (17.0 units)
- United States (4.0 units)
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