Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Panama - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Panama (FOB) - 2022
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Panama (CIF) - 2022
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Panama
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Panama
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Panama (FOB) - 2022
In 2022, the average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $3,204 per ton, reducing by -4.1% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat increased by +68.0% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 37% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,029 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($3,881 per ton), while the average price for exports to China amounted to $3,172 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.7%).
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Panama (CIF) - 2022
The average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $16,816 per ton in 2022, almost unchanged from the previous year. In general, the import price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 105% against the previous year. The import price peaked at $16,824 per ton in 2021, and then declined in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2013 to 2022, the rate of growth in terms of prices for the United States amounted to +5.7% per year.
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Panama
In 2022, after three years of growth, there was significant decline in overseas shipments of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, when their volume decreased by -25% to 2.2K tons. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 41% against the previous year.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat declined sharply to $7.2M in 2022. In general, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 58% against the previous year. As a result, the exports reached the peak of $10M, and then dropped dramatically in the following year.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 6.1 | 9.1 | 6.9 | 12.9% |
| Cuba | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Others | 0.1 | 0.2 | 0.7 | 0.1 | 0.0% |
| Total | 4.9 | 6.4 | 10.0 | 7.2 | 13.7% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Panama in 2022:
- China (2178.5 tons)
- Cuba (55.9 tons)
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Panama
In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat imported into Panama fell dramatically to 29 tons, waning by -42.4% on the year before. In general, imports recorded a dramatic setback. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat declined rapidly to $484K in 2022. Overall, imports showed a dramatic setback. The growth pace was the most rapid in 2021 when imports increased by 44%.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 744 | 575 | 830 | 484 | -13.4% |
| Nicaragua | 777 | 4.4 | N/A | N/A | -99.4% |
| Others | 11.9 | 2.5 | 11.3 | N/A | -2.6% |
| Total | 1,533 | 582 | 841 | 484 | -31.9% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Panama in 2022:
- United States (28.8 tons)
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