Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Panama - 2023
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Panama (CIF) - 2022
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Panama
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Panama (CIF) - 2022
The average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $12,519 per ton in 2022, leveling off at the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) increased by +15.7% against 2018 indices. The growth pace was the most rapid in 2014 an increase of 28%. Over the period under review, average import prices attained the maximum at $12,637 per ton in 2021, and then contracted modestly in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($12,923 per ton), while the price for the United States stood at $9,230 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Panama
In 2022, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) into Panama surged to 39 tons, rising by 49% against the year before. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) skyrocketed to $488K in 2022. Over the period under review, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 57%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 99.6 | 29.1 | 111 | 449 | 65.2% |
| United States | 56.6 | 40.6 | 57.9 | 39.4 | -11.4% |
| Bahrain | 14.7 | 8.2 | 11.1 | N/A | -13.1% |
| Australia | 74.7 | 90.1 | 74.9 | N/A | 0.1% |
| Netherlands | 3.5 | 5.0 | 7.4 | N/A | 45.4% |
| Brazil | 12.8 | 8.3 | 18.4 | N/A | 19.9% |
| Turkey | 23.4 | 21.7 | 36.8 | N/A | 25.4% |
| Others | 12.9 | 7.5 | 11.9 | N/A | -4.0% |
| Total | 298 | 211 | 330 | 488 | 17.9% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to Panama in 2022:
- Chile (34.7 tons)
- United States (4.3 tons)
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