Live Fish Price in Panama - 2023
Contents:
Live Fish Price in Panama (CIF) - 2022
In 2022, the average live fish import price amounted to $16,522 per ton, falling by -40.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 209%. The import price peaked at $27,700 per ton in 2021, and then declined dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($87,232 per ton), while the price for Ecuador ($3,525 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+64.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Live Fish Imports in Panama
Live fish imports into Panama skyrocketed to 96 tons in 2022, jumping by 36% against the year before. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.9% 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 +63.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 44% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, live fish imports dropped rapidly to $1.6M in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 346%.
| Import of Live Fish in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | N/A | 906 | 1,703 | 1,155 | 12.9% |
| Ecuador | 156 | 153 | 91.1 | 252 | 17.3% |
| United States | 101 | 89.6 | 156 | 171 | 19.2% |
| Others | N/A | N/A | 6.9 | 6.2 | -10.1% |
| Total | 257 | 1,148 | 1,957 | 1,584 | 83.3% |
Top Suppliers of Live Fish to Panama in 2022:
- Ecuador (71.6 tons)
- Mexico (13.2 tons)
- United States (10.7 tons)
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