Panama: Meat And Poultry Market 2025

Meat And Poultry Market Size in Panama

The Panamanian meat and poultry market reduced to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Meat And Poultry Production in Panama

In value terms, meat and poultry production dropped to $X in 2022 estimated in export price. In general, production showed a noticeable contraction. The pace of growth appeared the most rapid in 2013 with an increase of X%. Meat and poultry production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

The average yield of meat and poultry in Panama amounted to X kg per head in 2022, flattening at the previous year. Overall, the yield continues to indicate a mild contraction. The pace of growth was the most pronounced in 2020 when the yield increased by X%. Over the period under review, the average meat and poultry yield attained the peak level at X kg per head in 2012; however, from 2013 to 2022, the yield failed to regain momentum.

The number of animals slaughtered for meat and poultry production in Panama dropped to X heads in 2022, waning by X% against the previous year's figure. This number increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The number of animals slaughtered for meat and poultry production peaked at X heads in 2019; however, from 2020 to 2022, producing animals stood at a somewhat lower figure.

Meat And Poultry Exports

Exports from Panama

After six years of growth, shipments abroad of meat and poultry decreased by X% to X tons in 2022. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, meat and poultry exports reduced rapidly to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2021, and then fell significantly in the following year.

Exports by Country

China (X tons) was the main destination for meat and poultry exports from Panama, with a X% share of total exports. Moreover, meat and poultry exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), sevenfold. Jamaica (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Jamaica (X% per year).

In value terms, China ($X) remains the key foreign market for meat and poultry exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Jamaica, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Jamaica (X% per year).

Export Prices by Country

In 2022, the average meat and poultry export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. 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 somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were El Salvador ($X per ton) and Trinidad and Tobago ($X per ton), while the average price for exports to Jamaica ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into Panama

Meat and poultry imports into Panama fell markedly to X tons in 2022, shrinking by X% on the previous year's figure. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell notably in the following year.

In value terms, meat and poultry imports shrank markedly to $X in 2022. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, the United States (X tons) was the main meat and poultry supplier to Panama, with a X% share of total imports. Moreover, meat and poultry imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold. The third position in this ranking was held by Chile (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Chile (X% per year).

In value terms, the United States ($X) constituted the largest supplier of meat and poultry to Panama, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Canada (X% per year).

Import Prices by Country

In 2022, the average meat and poultry import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform