Panama - Breakfast Cereals - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBreakfast Cereal Price in Panama - 2023
Contents:
- Breakfast Cereal Price in Panama (CIF) - 2022
- Breakfast Cereal Price in Panama (FOB) - 2022
- Breakfast Cereal Imports in Panama
- Breakfast Cereal Exports in Panama
Breakfast Cereal Price in Panama (CIF) - 2022
The average breakfast cereal import price stood at $3,345 per ton in 2022, picking up by 14% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 20%. Over the period under review, average import prices reached the peak figure at $3,802 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,577 per ton), while the price for Brazil ($1,025 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Breakfast Cereal Price in Panama (FOB) - 2022
The average breakfast cereal export price stood at $871 per ton in 2022, remaining stable against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2016 an increase of 19% against the previous year. The export price peaked at $3,957 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($1,873 per ton), while the average price for exports to Free Zones ($770 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 Costa Rica (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.
Breakfast Cereal Imports in Panama
In 2022, overseas purchases of breakfast cereals decreased by -19% to 12K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 9.8%. As a result, imports attained the peak of 15K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, breakfast cereal imports declined to $41M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 9.6% against the previous year.
| Import of Breakfast Cereal in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.7 | 11.9 | 14.2 | 12.5 | -0.5% |
| Guatemala | 8.9 | 11.2 | 11.6 | 11.5 | 8.9% |
| Mexico | 8.1 | 10.1 | 7.1 | 6.3 | -8.0% |
| Costa Rica | 3.7 | 3.4 | 3.7 | 3.9 | 1.8% |
| Trinidad and Tobago | 0.4 | 0.5 | 1.5 | 1.9 | 68.1% |
| Germany | 0.9 | 1.4 | 1.6 | 1.3 | 13.0% |
| Brazil | 1.1 | 0.5 | 0.9 | 0.8 | -10.1% |
| Argentina | 0.5 | 0.9 | 1.0 | 0.7 | 11.9% |
| Others | 3.0 | 3.1 | 2.5 | 2.0 | -12.6% |
| Total | 39.2 | 42.9 | 44.1 | 40.8 | 1.3% |
Top Suppliers of Breakfast Cereal to Panama in 2022:
- Guatemala (3.8K tons)
- United States (2.7K tons)
- Mexico (2.4K tons)
- Costa Rica (0.9K tons)
- Brazil (0.8K tons)
- Trinidad and Tobago (0.4K tons)
- Germany (0.4K tons)
- Argentina (0.3K tons)
Breakfast Cereal Exports in Panama
Breakfast cereal exports from Panama amounted to 14 tons in 2022, remaining relatively unchanged against the year before. Overall, exports faced a sharp reduction. The smallest decline of -41.2% was in 2020.
In value terms, breakfast cereal exports totaled $12K in 2022. In general, exports recorded a sharp slump. The smallest decline of -36.3% was in 2020.
| Export of Breakfast Cereal in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cuba | 49.6 | N/A | N/A | 5.9 | -50.8% |
| Free Zones | N/A | N/A | N/A | 4.2 | 0% |
| Venezuela | 58.5 | 8.8 | N/A | 2.2 | -66.5% |
| Ecuador | N/A | 35.1 | N/A | N/A | 0% |
| Colombia | 29.3 | 1.8 | N/A | N/A | -93.9% |
| Trinidad and Tobago | 5.3 | 17.7 | N/A | N/A | 234.0% |
| Guyana | 32.5 | 40.9 | N/A | N/A | 25.8% |
| Others | 109 | 77.0 | N/A | N/A | -29.4% |
| Total | 285 | 181 | N/A | 12.2 | -65.0% |
Top Export Markets for Breakfast Cereal from Panama in 2022:
- Cuba (7.4 tons)
- Free Zones (5.5 tons)
- Venezuela (1.2 tons)
This report provides an in-depth analysis of the breakfast cereal market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
- Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
- Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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