Mandarins Price in Panama - 2023
Contents:
Mandarins Price in Panama (CIF) - 2023
The average mandarins import price stood at $1,359 per ton in September 2023, with an increase of 8.1% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 21% month-to-month. Over the period under review, average import prices reached the peak figure at $1,956 per ton in April 2023; however, from May 2023 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Peru.
From September 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to +4.7% per month.
Mandarins Imports in Panama
In 2022, after three years of growth, there was significant decline in supplies from abroad of fruit, edible, when their volume decreased by -19.5% to 1.5K tons. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 56% against the previous year.
In value terms, mandarins imports reduced to $2.3M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 74%.
| Import of Mandarins in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 289 | 385 | 221 | 1,079 | 55.1% |
| Spain | 471 | 434 | 943 | 977 | 27.5% |
| United States | N/A | 444 | 94.4 | 233 | -27.6% |
| Chile | 109 | 655 | 313 | 6.8 | -60.3% |
| Others | 491 | 446 | 985 | N/A | 41.6% |
| Total | 1,359 | 2,364 | 2,557 | 2,295 | 19.1% |
Top Suppliers of Mandarins to Panama in 2022:
- Peru (773.8 tons)
- Spain (666.6 tons)
- United States (79.6 tons)
- Chile (4.9 tons)
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