Panama - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Meat Price in Panama - 2023
Contents:
- Frozen Fish Meat Price in Panama (CIF) - 2022
- Frozen Fish Meat Price in Panama (FOB) - 2022
- Frozen Fish Meat Imports in Panama
- Frozen Fish Meat Exports in Panama
Frozen Fish Meat Price in Panama (CIF) - 2022
The average frozen fish meat import price stood at $7,084 per ton in 2022, with a decrease of -5.1% against the previous year. Over the period under review, the import price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 55% against the previous year. As a result, import price attained the peak level of $7,780 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($7,115 per ton), while the price for Vietnam ($3,622 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Fish Meat Price in Panama (FOB) - 2022
In 2022, the average frozen fish meat export price amounted to $2,559 per ton, surging by 4.3% against the previous year. Over the period under review, the export price, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs at $8,238 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,565 per ton), while the average price for exports to Aruba stood at $2,450 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-3.2%), while the prices for the other major destinations experienced a decline.
Frozen Fish Meat Imports in Panama
In 2022, the amount of frozen fish meat imported into Panama surged to 346 tons, picking up by 40% on 2021. Over the period under review, imports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 75% against the previous year.
In value terms, frozen fish meat imports surged to $2.5M in 2022. Overall, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 68% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Frozen Fish Meat in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 79.4 | 793 | 1,501 | 2,439 | 213.2% |
| Vietnam | 401 | 68.9 | 75.6 | 6.4 | -74.8% |
| China | 639 | 77.0 | 95.8 | 6.2 | -78.7% |
| Brazil | 851 | 155 | 155 | N/A | -57.3% |
| Others | 42.2 | 8.9 | 23.1 | N/A | -26.0% |
| Total | 2,012 | 1,103 | 1,850 | 2,451 | 6.8% |
Top Suppliers of Frozen Fish Meat to Panama in 2022:
- Chile (342.7 tons)
- Vietnam (1.8 tons)
- China (1.5 tons)
Frozen Fish Meat Exports in Panama
In 2022, the amount of frozen fish meat exported from Panama soared to 267 tons, increasing by 48% compared with the previous year's figure. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen fish meat exports skyrocketed to $684K in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Frozen Fish Meat in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 490 | 589 | 437 | 651 | 9.9% |
| Aruba | N/A | N/A | N/A | 32.0 | 0% |
| Others | 3.0 | 7.5 | 7.3 | 0.8 | -35.6% |
| Total | 493 | 597 | 444 | 684 | 11.5% |
Top Export Markets for Frozen Fish Meat from Panama in 2022:
- United States (253.9 tons)
- Aruba (13.1 tons)
This report provides an in-depth analysis of the frozen fish meat 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 10201500 - Frozen fish meat without bones (excluding 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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