Prepared or preserved poultry meat or offal market in Panama

Earlier Report Observations

The market for prepared or preserved poultry meat in Panama experienced notable fluctuations between 2018 and 2023. After a modest expansion to 3 455 tons in 2019, volume contracted sharply by 28% to 2 479 tons in 2020. This decline was directly driven by the COVID-19 pandemic, which caused a significant drop in consumer demand and disrupted poultry production and slaughter rates.

A strong recovery followed in 2021, with market volume surging 47% to a peak of 3 643 tons. However, this growth proved temporary, as the market contracted again over the next two years, falling to 3 168 tons in 2022 and then to 2 673 tons in 2023. During this later period, the market adapted to new conditions, including Panama's decision to open its market to poultry imports from Brazil in 2023, part of a strategy to diversify protein sources for the population.

Production prepared or preserved poultry meat or offal in Panama

In kind, 2017-2020, t

Top producers of prepared or preserved poultry meat or offal, 2017-2020

World map of production of prepared or preserved poultry meat or offal, 2017-2020

After increasing for two consecutive years, Panama's production of prepared or preserved poultry meat or offal declined in 2020. That year, the country produced 1 040 tonnes, which represents a 7.8% decrease compared to 2019. Looking at the broader period from 2017 to 2020, production actually grew by 4.6%, translating to an average annual growth rate of 1.5%. The peak production level was recorded in 2019 at 1 128 tonnes, which also saw the largest annual increase of 9.9%.

Annual dynamics of production in Panama in kind, 2017-2020, t

In value, 2017-2020, K $ US

Panama's production of prepared or preserved poultry meat or offal continued to grow for the third straight year in value terms. In 2020, the output was valued at 5 307 thousand US dollars, showing a modest year-over-year increase of 1.4%. Over the four-year period from 2017 to 2020, production value rose by 11.8%, corresponding to a compound annual growth rate of 3.8%.

Annual dynamics of production in Panama in value, 2017-2020, K $ US

Exports prepared or preserved poultry meat or offal from Panama

Exports in kind, t

Following two years of growth, Panama's exports of prepared or preserved poultry meat or offal declined in 2020. The country exported 475 tonnes that year, marking a 15.1% decrease compared to 2019. However, over the full 2017-2020 period, exports increased significantly by 33.7%, with an average annual growth rate of 10.2%. The highest export volume was recorded in 2019 at 559 tonnes, while the largest annual increase occurred in 2018 at 39.8%.

Annual dynamics of product's exports from Panama in kind, 2017-2020, t

Between 2017 and 2020, Trinidad and Tobago and Honduras were the primary destinations for Panama's exports of prepared or preserved poultry meat or offal in volume terms. Together, these two markets accounted for 84.0% of total exports, with the remaining share distributed among various smaller trading partners.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Panama in kind, 2017-2020

Exports in value, K $ US

After experiencing growth for two consecutive years, Panama's exports of prepared or preserved poultry meat or offal declined in value terms in 2020. Exports were recorded at 2 424 thousand US dollars, representing a modest 6.6% decrease compared to the previous year. Over the 2017-2020 period, export value increased substantially by 42.8%, equating to an average annual growth rate of 12.6%. The peak value was reached in 2019 at 2 595 thousand US dollars, while the largest annual increase occurred in 2018 at 42.2%.

Annual dynamics of product's exports from Panama in value, 2017-2020, K $ US

Throughout the 2017-2020 period, Trinidad and Tobago and Honduras consistently accounted for 84.6% of Panama's total export value for prepared or preserved poultry meat or offal. This indicates a highly concentrated export market, with numerous smaller markets making up the remainder.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Panama in value, 2017-2020

Imports prepared or preserved poultry meat or offal to Panama

Imports in kind, t

Following two years of increases, Panama's imports of prepared or preserved poultry meat or offal declined in volume in 2020. Imports amounted to 1 914 tonnes that year, representing a sharp 33.7% decrease compared to 2019. Over the 2017-2020 period, imports decreased by 27.8%, corresponding to an average annual decline of 10.3%. The highest import volume was recorded in 2019 at 2 886 tonnes, while the largest annual increase occurred in 2018 at 4.4%.

Annual dynamics of product's imports to Panama in kind, 2017-2020, t

From 2017 to 2020, the United States remained the dominant source for Panama's imports of prepared or preserved poultry meat or offal in volume terms, accounting for 87.9% of total imports. The remaining share was distributed across various smaller markets.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Panama in kind, 2017-2020

Imports in value, K $ US

After two years of growth, Panama's imports of prepared or preserved poultry meat or offal declined in value terms in 2020. The country imported a total of 9 867 thousand US dollars worth of these products, reflecting a 31.7% decrease compared to the previous year. Over the 2017-2020 period, import value decreased by 22.3%, with a compound annual decline rate of 8.1%. The peak import value was recorded in 2019 at 14 443 thousand US dollars, while the largest annual increase occurred in 2018 at 11.4%.

Annual dynamics of product's imports to Panama in value, 2017-2020, K $ US

Between 2017 and 2020, the United States and Denmark were clearly the main suppliers of prepared or preserved poultry meat or offal to Panama in value terms. Together, these two countries accounted for 98.9% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Panama in value, 2017-2020