Panama - Frozen Vegetable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Vegetable Price in Panama - 2023
Contents:
- Frozen Vegetable Price in Panama (CIF) - 2022
- Frozen Vegetable Price in Panama (FOB) - 2022
- Frozen Vegetable Imports in Panama
- Frozen Vegetable Exports in Panama
Frozen Vegetable Price in Panama (CIF) - 2022
In 2022, the average frozen vegetable import price amounted to $1,306 per ton, with an increase of 19% against the previous year. In general, the import price, however, continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2015 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the peak figure at $2,095 per ton in 2012; however, from 2013 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 ($2,305 per ton), while the price for Belgium ($859 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Vegetable Price in Panama (FOB) - 2022
In 2022, the average frozen vegetable export price amounted to $1,666 per ton, increasing by 3.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 85% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,281 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($2,137 per ton), while the average price for exports to the United States totaled $2,025 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.3%), while the prices for the other major destinations experienced a decline.
Frozen Vegetable Imports in Panama
Frozen vegetable imports into Panama dropped to 31K tons in 2022, shrinking by -9.1% compared with the previous year's figure. In general, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +4.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 63%. As a result, imports reached the peak of 34K tons, and then fell in the following year.
In value terms, frozen vegetable imports expanded sharply to $40M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 58% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Frozen Vegetable in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.9 | 6.1 | 9.7 | 11.0 | 56.0% |
| United States | 14.9 | 7.1 | 9.7 | 10.0 | -12.4% |
| Belgium | 4.6 | 3.6 | 7.4 | 9.3 | 26.4% |
| Netherlands | 7.6 | 5.1 | 7.4 | 6.4 | -5.6% |
| France | 0.6 | 0.4 | 0.9 | 1.4 | 32.6% |
| Germany | 0.6 | 0.3 | 0.4 | 0.7 | 5.3% |
| Others | 0.9 | 0.8 | 1.5 | 1.3 | 13.0% |
| Total | 32.2 | 23.5 | 37.1 | 40.2 | 7.7% |
Top Suppliers of Frozen Vegetable to Panama in 2022:
- Belgium (10.8K tons)
- Canada (7.4K tons)
- Netherlands (5.5K tons)
- United States (4.3K tons)
- France (1.4K tons)
- Germany (0.6K tons)
Frozen Vegetable Exports in Panama
For the third consecutive year, Panama recorded decline in overseas shipments of frozen vegetables, which decreased by -4.4% to 11 tons in 2022. Over the period under review, exports recorded a significant decrease.
In value terms, frozen vegetable exports dropped slightly to $18K in 2022. In general, exports recorded a precipitous descent.
| Export of Frozen Vegetable in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 4.5 | 2.2 | N/A | 1.8 | -26.3% |
| United States | N/A | N/A | N/A | 0.2 | 0% |
| Costa Rica | N/A | 79.5 | N/A | N/A | 0% |
| Cuba | 168 | N/A | N/A | N/A | 0% |
| Honduras | N/A | 4.2 | N/A | N/A | 0% |
| Others | 145 | 33.1 | 18.0 | 15.9 | -52.1% |
| Total | 317 | 119 | 18.0 | 17.8 | -61.7% |
Top Export Markets for Frozen Vegetable from Panama in 2022:
- Colombia (0.8 tons)
- United States (0.1 tons)
This report provides an in-depth analysis of the frozen vegetable 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:
- FCL 473 - Vegetables, Frozen
- FCL 447 - Sweet Corn, Frozen
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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