Concentrated Grapefruit Juice Price in Panama - 2023
Contents:
- Concentrated Grapefruit Juice Price in Panama (CIF) - 2022
- Concentrated Grapefruit Juice Price in Panama (FOB) - 2022
- Concentrated Grapefruit Juice Imports in Panama
- Concentrated Grapefruit Juice Exports in Panama
Concentrated Grapefruit Juice Price in Panama (CIF) - 2022
In 2022, the average concentrated grapefruit juice import price amounted to $2,342 per ton, jumping by 52% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The growth pace was the most rapid in 2017 when the average import price increased by 99% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Free Zones ($5,818 per ton), while the price for Mexico ($863 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Concentrated Grapefruit Juice Price in Panama (FOB) - 2022
The average concentrated grapefruit juice export price stood at $2,706 per ton in 2022, approximately equating the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concentrated grapefruit juice export price decreased by -2.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 35%. As a result, the export price attained the peak level of $2,769 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Guatemala.
From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to +18.4% per year.
Concentrated Grapefruit Juice Imports in Panama
In 2022, concentrated grapefruit juice imports into Panama reduced markedly to 37 tons, which is down by -75.7% against the previous year. Overall, imports saw a dramatic decline. The smallest decline of -1% was in 2020.
In value terms, concentrated grapefruit juice imports contracted notably to $86K in 2022. In general, imports recorded a sharp decline. The smallest decline of -4.8% was in 2020.
| Import of Concentrated Grapefruit Juice in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 274 | 270 | 164 | 52.7 | -42.3% |
| Free Zones | N/A | 30.0 | 49.9 | 30.3 | 0.5% |
| Mexico | 7.6 | 6.5 | 5.6 | 3.3 | -24.3% |
| Swaziland | 33.0 | N/A | N/A | N/A | 0% |
| Others | 9.9 | 2.9 | 15.1 | N/A | 23.5% |
| Total | 325 | 309 | 235 | 86.3 | -35.7% |
Top Suppliers of Concentrated Grapefruit Juice to Panama in 2022:
- United States (27.8 tons)
- Free Zones (5.2 tons)
- Mexico (3.9 tons)
Concentrated Grapefruit Juice Exports in Panama
In 2022, shipments abroad of concentrated grapefruit juice decreased by -0.2% to 833 kg, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -1.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 100%. As a result, the exports reached the peak of 847 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, concentrated grapefruit juice exports reduced slightly to $2.3K in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 92% against the previous year.
| Export of Concentrated Grapefruit Juice in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 1.2 | 0.1 | 2.3 | 2.3 | 24.2% |
| Free Zones | N/A | 0.1 | N/A | N/A | 0% |
| Others | N/A | 2.1 | N/A | N/A | 0% |
| Total | 1.2 | 2.3 | 2.3 | 2.3 | 24.2% |
Top Export Markets for Concentrated Grapefruit Juice from Panama in 2022:
- Guatemala (833.0 kg)
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