Meat: Forecast for the Panamanian Market


News from Panama / Monday, May 11th, 2020

When the country’s authorities begin to lift the restrictions that have been taken to prevent the spread of covid-19, it is predicted that in the meat sector, sales of chicken could contract by 2%.

Through a demand/income sensitivity model developed by the Trade Intelligence Unit of CentralAmericaData, variations in household demand for different goods and services can be projected as the most critical phases of the spread of covid-19 are overcome and the measures restricting mobility in the countries of the region are lifted.

For this analysis, it is assumed that quarantine and mobility restriction measures will be extended for three months.

In analyzing beef and veal sales projections, the interactive information system indicates that demand for beef steaks could be reduced by 4%. In the case of Milanese beef, the drop in sales could be more than 2%.

Compared to sales levels prior to the Covid-19 crisis, sales of Rib and Pork Chop could drop by 1% and marketing of Pork Leg Piece would also fall by approximately 1%.

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