Panama: Animal Guts Market 2025

Animal Guts Market Size in Panama

The Panamanian animal guts market fell to $X in 2022, declining by -10.9% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Animal guts consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Animal Guts Production in Panama

In value terms, animal guts production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 134%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Animal Guts Exports

Exports from Panama

After two years of decline, overseas shipments of guts, bladders and stomachs of animals increased by 4,571% to X tons in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, animal guts exports surged to $X in 2022. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for animal guts exports from Panama, with a 84% share of total exports. Moreover, animal guts exports to China exceeded the volume sent to the second major destination, the United States (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+25.6% per year) and Guatemala (+64.1% per year).

In value terms, China ($X) emerged as the key foreign market for guts, bladders and stomachs of animals exports from Panama, comprising 84% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+15.1% per year) and Guatemala (+64.2% per year).

Export Prices by Country

In 2022, the average animal guts export price amounted to $X per ton, shrinking by -3.3% against the previous year. In general, the export price recorded a noticeable setback. The pace of growth appeared the most rapid in 2013 an increase of 52% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Animal Guts Imports

Imports into Panama

Animal guts imports into Panama soared to X tons in 2022, jumping by 44% against 2021 figures. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2014 with an increase of 258%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, animal guts imports surged to $X in 2022. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2014 when imports increased by 188%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, the United States (X tons) was the main animal guts supplier to Panama, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +50.4%.

In value terms, the United States ($X) constituted the largest supplier of guts, bladders and stomachs of animals to Panama.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +39.7%.

Import Prices by Country

The average animal guts import price stood at $X per ton in 2022, dropping by -5.9% against the previous year. Over the period under review, the import price, however, posted a tangible expansion. The pace of growth appeared the most rapid in 2015 an increase of 56%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +48.4% per year.

Source: IndexBox Platform