Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Panama - 2023
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Panama (CIF) - 2022
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Panama
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Panama (CIF) - 2022
In 2022, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $17,159 per ton, growing by 23% against the previous year. In general, the import price posted a buoyant increase. The growth pace was the most rapid in 2018 when the average import price increased by 216% against the previous year. As a result, import price attained the peak level of $17,696 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
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 +5.0% per year.
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Panama
In 2022, the amount of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat imported into Panama fell markedly to 5.5 tons, with a decrease of -38.1% against 2021 figures. Over the period under review, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 84%. As a result, imports reached the peak of 9 tons, and then reduced notably in the following year.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat reduced sharply to $95K in 2022. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 97%. As a result, imports reached the peak of $125K, and then dropped remarkably in the following year.
| Import of Fresh or Chilled 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 | 73.0 | 61.6 | 125 | 95.2 | 9.3% |
| Others | N/A | 2.0 | N/A | N/A | 0% |
| Total | 73.0 | 63.6 | 125 | 95.2 | 9.3% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Panama in 2022:
- United States (5.5 tons)
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