Panama - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Fillet Price in Panama - 2023
Contents:
- Frozen Fish Fillet Price in Panama (CIF) - 2023
- Frozen Fish Fillet Price in Panama (FOB) - 2022
- Frozen Fish Fillet Imports in Panama
- Frozen Fish Fillet Exports in Panama
Frozen Fish Fillet Price in Panama (CIF) - 2023
The average frozen fish fillet import price stood at $4,697 per ton in July 2023, dropping by -21% against the previous month. In general, import price indicated modest growth from July 2022 to July 2023: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, frozen fish fillet import price decreased by -36.4% against March 2023 indices. The growth pace was the most rapid in November 2022 when the average import price increased by 50% m-o-m. The import price peaked at $7,380 per ton in March 2023; however, from April 2023 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Chile ($11,935 per ton), while the price for Vietnam stood at $1,982 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Chile (-0.5%), while the prices for the other major suppliers experienced a decline.
Frozen Fish Fillet Price in Panama (FOB) - 2022
In 2022, the average frozen fish fillet export price amounted to $4,128 per ton, waning by -10% against the previous year. Overall, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of 16%. As a result, the export price reached the peak level of $6,323 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Aruba ($4,430 per ton) and Colombia ($4,388 per ton), while the average price for exports to Mexico ($3,771 per ton) and the United States ($4,086 per ton) were amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Fish Fillet Imports in Panama
Frozen fish fillet imports into Panama declined markedly to 3K tons in 2022, waning by -17.6% compared with the previous year. In general, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 72%. As a result, imports attained the peak of 3.6K tons, and then shrank significantly in the following year.
In value terms, frozen fish fillet imports expanded sharply to $17M in 2022. Over the period under review, total imports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 78% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Frozen Fish Fillet in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 7.3 | 4.2 | 8.2 | 9.6 | 9.6% |
| Vietnam | 5.1 | 2.4 | 4.1 | 4.8 | -2.0% |
| China | 2.1 | 0.8 | 1.9 | 1.4 | -12.6% |
| Free Zones | N/A | N/A | N/A | 0.8 | 0% |
| Others | 0.9 | 1.2 | 1.4 | 0.3 | -30.7% |
| Total | 15.4 | 8.7 | 15.6 | 16.9 | 3.1% |
Top Suppliers of Frozen Fish Fillet to Panama in 2022:
- Vietnam (1849.6 tons)
- Chile (767.3 tons)
- China (295.1 tons)
- Free Zones (64.0 tons)
Frozen Fish Fillet Exports in Panama
Frozen fish fillet exports from Panama skyrocketed to 2.9K tons in 2022, growing by 214% compared with 2021. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen fish fillet exports surged to $12M in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Frozen Fish Fillet in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.5 | 5.0 | 3.2 | 10.5 | 61.3% |
| Aruba | 0.3 | 0.2 | 0.1 | 0.5 | 18.6% |
| Colombia | N/A | 0.3 | 0.5 | 0.3 | 0.0% |
| Mexico | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.5 | 0.2 | 0.3 | 0.3 | -15.7% |
| Total | 3.4 | 5.6 | 4.2 | 11.8 | 51.4% |
Top Export Markets for Frozen Fish Fillet from Panama in 2022:
- United States (2569.5 tons)
- Aruba (109.9 tons)
- Colombia (74.0 tons)
- Mexico (48.6 tons)
This report provides an in-depth analysis of the frozen fish fillet 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 10201400 - Frozen fish fillets
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
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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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