Broken Rice Price in Panama - 2022
Contents:
- Broken Rice Price in Panama (FOB) - 2022
- Broken Rice Price in Panama (CIF) - 2022
- Broken Rice Exports in Panama
- Broken Rice Imports in Panama
Broken Rice Price in Panama (FOB) - 2022
In 2022, the average broken rice export price amounted to $458 per ton, increasing by 98% against the previous year. Over the period under review, the export price posted resilient growth. Over the period under review, the average export prices reached the peak figure at $746 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($996 per ton), while the average price for exports to Gambia ($262 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 Rwanda (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Broken Rice Price in Panama (CIF) - 2022
The average broken rice import price stood at $397 per ton in 2022, surging by 29% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $704 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,021 per ton), while the price for Brazil ($296 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+58.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Broken Rice Exports in Panama
Broken rice exports from Panama soared to 1.5K tons in 2022, jumping by 89% against the previous year. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 610%. As a result, the exports reached the peak of 2.1K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, broken rice exports soared to $685K in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 331%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.
| Export of Broken Rice in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | N/A | N/A | N/A | 418 | 0% |
| Gambia | 56.3 | 348 | 100 | 166 | 43.4% |
| Venezuela | 15.3 | 60.6 | 47.2 | 63.3 | 60.5% |
| Rwanda | 12.8 | 47.3 | 30.9 | 34.7 | 39.4% |
| Others | 24.3 | 12.2 | 4.5 | 1.9 | -57.2% |
| Total | 109 | 468 | 183 | 685 | 84.5% |
Top Export Markets for Broken Rice from Panama in 2022:
- El Salvador (741.0 tons)
- Gambia (634.7 tons)
- Venezuela (63.5 tons)
- Rwanda (54.3 tons)
Broken Rice Imports in Panama
In 2022, supplies from abroad of broken rice was finally on the rise to reach 838 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a dramatic slump.
In value terms, broken rice imports skyrocketed to $333K in 2022. Over the period under review, imports, however, faced a abrupt contraction.
| Import of Broken Rice in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guyana | 107 | 45.1 | 26.3 | 298 | 40.7% |
| Israel | 12.5 | 8.6 | 2.0 | 13.4 | 2.3% |
| Brazil | 430 | 28.0 | 9.2 | 10.3 | -71.2% |
| United States | 27.4 | 3.4 | 1.8 | 8.0 | -33.7% |
| Others | 6.5 | 1.4 | 14.2 | 2.9 | -23.6% |
| Total | 584 | 86.5 | 53.5 | 333 | -17.1% |
Top Suppliers of Broken Rice to Panama in 2022:
- Guyana (779.9 tons)
- Brazil (34.9 tons)
- Israel (13.1 tons)
- United States (7.8 tons)
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