Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Panama - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Panama (CIF) - 2023
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Panama (FOB) - 2022
- Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Panama
- Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Panama
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Panama (CIF) - 2023
The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $1,591 per ton in November 2023, declining by -13.3% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in March 2023 an increase of 24% against the previous month. The import price peaked at $1,881 per ton in June 2023; however, from July 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($2,109 per ton), while the price for Canada ($1,394 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Panama (FOB) - 2022
The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $1,016 per ton in 2022, declining by -9.3% against the previous year. Over the period under review, the export price faced a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices hit record highs at $7,250 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 Jamaica.
From 2013 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +3.6% per year.
Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Panama
In 2022, the amount of offal, edible; of bovine animals, (other than tongues and livers), frozens imported into Panama shrank notably to 980 tons, declining by -18.9% on 2021. Over the period under review, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 3.4% against the previous year.
In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens fell to $1.4M in 2022. In general, imports saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 8.1%.
| Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 157 | 540 | 406 | 913 | 79.8% |
| Nicaragua | 1,012 | 648 | 835 | 440 | -24.2% |
| United States | 38.1 | 77.6 | 242 | 56.0 | 13.7% |
| Canada | 135 | 107 | 132 | 40.4 | -33.1% |
| Costa Rica | 287 | 122 | N/A | N/A | -57.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,629 | 1,494 | 1,615 | 1,450 | -3.8% |
Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Panama in 2022:
- Mexico (634.2 tons)
- Nicaragua (291.1 tons)
- United States (37.4 tons)
- Canada (17.0 tons)
Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Panama
In 2022, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens from Panama surged to 116 tons, growing by 63% compared with the year before. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 569%. As a result, the exports reached the peak of 669 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens skyrocketed to $118K in 2022. In general, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 351% against the previous year. As a result, the exports reached the peak of $891K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jamaica | N/A | 48.7 | N/A | 118 | 55.7% |
| Hong Kong SAR | 147 | 235 | 36.0 | N/A | -50.5% |
| China | N/A | 139 | 16.0 | N/A | -88.5% |
| Trinidad and Tobago | N/A | 164 | N/A | N/A | 0% |
| South Africa | N/A | 30.4 | N/A | N/A | 0% |
| Mexico | N/A | 113 | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | 151 | 16.7 | N/A | -88.9% |
| Others | 50.4 | 10.0 | 11.3 | N/A | -52.6% |
| Total | 198 | 891 | 80.0 | 118 | -15.8% |
Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from Panama in 2022:
- Jamaica (116.5 tons)
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