Panama: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2025

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Panama

The Panamanian market for frozen pig meat other than cuts or carcases reduced notably to $X in 2022, falling by -16.9% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.3% against 2020 indices. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Panama

In value terms, production of frozen pig meat other than cuts or carcases reduced to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 35%. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Panama

In 2022, overseas shipments of frozen pig meat other than cuts or carcases were finally on the rise to reach X tons after four years of decline. In general, exports, however, saw a deep downturn. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of frozen pig meat other than cuts or carcases soared to $X in 2022. Over the period under review, exports, however, recorded a slight downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cuba (X tons) was the main destination for exports of frozen pig meat other than cuts or carcases from Panama, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cuba was relatively modest.

In value terms, Cuba ($X) emerged as the key foreign market for frozen pig meat other than cuts or carcases exports from Panama.

From 2012 to 2022, the average annual rate of growth in terms of value to Cuba was relatively modest.

Export Prices by Country

The average export price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, increasing by 183% against the previous year. Overall, the export price saw a noticeable expansion. Over the period under review, the average export prices attained the maximum at $X 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 Cuba.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +135.1% per year.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Panama

In 2022, imports of frozen pig meat other than cuts or carcases into Panama declined notably to X tons, which is down by -40.4% against the previous year. In general, imports, however, recorded significant growth. The growth pace was the most rapid in 2017 with an increase of 11,121%. Imports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, imports of frozen pig meat other than cuts or carcases contracted notably to $X in 2022. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2017 with an increase of 12,189% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2021, and then dropped significantly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of frozen pig meat other than cuts or carcases to Panama, accounting for a 86% share of total imports. Moreover, imports of frozen pig meat other than cuts or carcases from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +108.6%.

In value terms, the United States ($X) constituted the largest supplier of frozen pig meat other than cuts or carcases to Panama, comprising 89% of total imports. The second position in the ranking was taken by Canada ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +103.0%.

Import Prices by Country

The average import price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, rising by 9.1% against the previous year. Overall, the import price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2015 an increase of 32% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform