Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Panama - 2023
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Panama (CIF) - 2023
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Panama (FOB) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Panama
- Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Panama
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Panama (CIF) - 2023
The average import price for fresh or chilled boneless cuts of bovine meat stood at $2,877 per ton in November 2023, falling by -78.2% against the previous month. Overall, the import price showed a deep setback. The growth pace was the most rapid in December 2022 when the average import price increased by 133% month-to-month. The import price peaked at $16,652 per ton in September 2023; however, from October 2023 to November 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From November 2022 to November 2023, the rate of growth in terms of prices for the United States amounted to -6.1% per month.
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Panama (FOB) - 2022
The average export price for fresh or chilled boneless cuts of bovine meat stood at $6,910 per ton in 2022, declining by -6.1% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of +5.4%. The growth pace was the most rapid in 2014 when the average export price increased by 25%. The export price peaked at $7,358 per ton in 2021, and then fell in the following year.
As there is only one major export destination, the average price level is determined by prices for El Salvador.
From 2013 to 2022, the rate of growth in terms of prices for El Salvador amounted to +4.5% per year.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Panama
Imports of fresh or chilled boneless cuts of bovine meat into Panama declined to 462 tons in 2022, waning by -5.6% compared with 2021. Over the period under review, imports continue to indicate a significant curtailment.
In value terms, imports of fresh or chilled boneless cuts of bovine meat fell to $4.2M in 2022. Overall, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.9 | 3.2 | 4.7 | 4.2 | 13.1% |
| Nicaragua | 3.4 | 0.9 | 0.1 | N/A | -82.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.4 | 4.1 | 4.8 | 4.2 | -13.1% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Panama in 2022:
- United States (461.9 tons)
Exports of Fresh or Chilled Boneless Cuts of Bovine Meat in Panama
In 2022, exports of fresh or chilled boneless cuts of bovine meat from Panama declined rapidly to 25 tons, with a decrease of -41.2% compared with the previous year. Overall, exports recorded a dramatic contraction.
In value terms, exports of fresh or chilled boneless cuts of bovine meat contracted rapidly to $171K in 2022. In general, exports faced a precipitous shrinkage.
| Export of Fresh or Chilled Boneless Cuts of Bovine Meat in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 2,134 | 654 | 191 | 171 | -56.9% |
| Hong Kong SAR | 103 | N/A | N/A | N/A | 0% |
| China | 213 | N/A | N/A | N/A | 0% |
| Guatemala | 1,305 | 381 | 118 | N/A | -69.9% |
| Others | 7.3 | N/A | N/A | N/A | 0% |
| Total | 3,763 | 1,035 | 309 | 171 | -64.3% |
Top Export Markets for Fresh or Chilled Boneless Cuts of Bovine Meat from Panama in 2022:
- El Salvador (24.7 tons)
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