Price for Cattle; Live, Pure-Bred Breeding Animals in Panama - 2023

Contents:

  1. Price for Cattle; Live, Pure-Bred Breeding Animals in Panama (FOB) - 2022
  2. Price for Cattle; Live, Pure-Bred Breeding Animals in Panama (CIF) - 2022
  3. Exports of Cattle; Live, Pure-Bred Breeding Animals in Panama
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Nicaragua20524535631715.6%
Honduras10.725.029.689.0102.6%
Costa Rica13.819.728.529.829.3%
Guatemala28.131.841.3N/A21.2%
OthersN/AN/AN/AN/A0%
Total25832145543519.0%

Top Export Markets for Cattle; Live, Pure-Bred Breeding Animals from Panama in 2022:

  1. Nicaragua (168.0 units)
  2. Honduras (47.0 units)
  3. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Costa Rica12232.725.158.1-21.9%
Mexico20.07.573.028.913.1%
United States19718.796.226.3-48.9%
Guatemala21.3N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total36158.9194113-32.1%

Top Suppliers of Cattle; Live, Pure-Bred Breeding Animals to Panama in 2022:

  1. Costa Rica (33.0 units)
  2. Mexico (17.0 units)
  3. United States (4.0 units)

Source: IndexBox Market Intelligence Platform

Store
Blog
Event
Best Import Markets for Glass Bottles, Jars, and Containers
Dec 25, 2023
Eye 395

Explore the top import markets for glass bottles, jars, and containers. Discover key statistics and import values of leading countries such as the United States, France, Spain, and more. Make informed business decisions with IndexBox market intelligence.

Which Country Imports the Most Glass Containers in the World?
May 28, 2018
Eye 3185

Global glass container imports totaled X tons in 2016, picking up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from ...

Which Country Exports the Most Glass Containers in the World?
May 28, 2018
Eye 852

Global glass container imports totaled X tons in 2016, picking up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from ...

Beer Industry to Propel the Global Glassware Market Forward
Oct 6, 2015
Eye 1422

In consumer's mind, glass is often associated with expensiveness and class, as well as ensuring a longer shelf life and possessing excellent taste preserving qualities. No other packaging material matches the shelf impact of glass, which clarity, shap

Glass Container Market - China Overtook Germany in Exports of Bottles and Jars
Jul 15, 2015
Eye 1383

With exports on the rise, China seized control of the global market for bottles, jars and other containers of glass. In 2014, China exported X million tons of bottles, jars and other containers of glass totaling X billion USD, X% over the previo

Free Data: Cattle; live, pure-bred breeding animals - Panama