Milled Rice Price in Panama - 2023
Contents:
- Milled Rice Price in Panama (CIF) - 2022
- Milled Rice Price in Panama (FOB) - 2022
- Milled Rice Imports in Panama
- Milled Rice Exports in Panama
Milled Rice Price in Panama (CIF) - 2022
In 2022, the average milled rice import price amounted to $791 per ton, picking up by 30% against the previous year. Overall, the import price, however, saw a noticeable reduction. The import price peaked at $1,356 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,754 per ton), while the price for Thailand ($548 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Milled Rice Price in Panama (FOB) - 2022
In 2022, the average milled rice export price amounted to $1,587 per ton, picking up by 114% against the previous year. Over the period under review, the export price saw temperate growth. Over the period under review, the average export prices hit record highs at $2,741 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($3,907 per ton), while the average price for exports to Antigua and Barbuda ($750 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Grenada (+72.1%), while the prices for the other major destinations experienced mixed trend patterns.
Milled Rice Imports in Panama
Milled rice imports into Panama dropped significantly to 1.1K tons in 2022, waning by -90.2% against 2021. Overall, imports showed a dramatic decrease. The smallest decline of -21.2% was in 2021.
In value terms, milled rice imports reduced rapidly to $836K in 2022. Over the period under review, imports recorded a dramatic slump. The smallest decline of -15.2% was in 2021.
| Import of Milled Rice in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.4 | 4.5 | 5.2 | 0.6 | -58.5% |
| Thailand | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
| Italy | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Paraguay | 0.2 | 1.1 | 0.6 | N/A | 73.2% |
| Guyana | 15.0 | 0.7 | 0.6 | N/A | -80.0% |
| Uruguay | 0.6 | 0.1 | N/A | N/A | -83.3% |
| Brazil | 1.9 | 1.1 | N/A | N/A | -42.1% |
| Others | 0.4 | 0.1 | N/A | N/A | -75.0% |
| Total | 26.7 | 7.8 | 6.6 | 0.8 | -68.9% |
Top Suppliers of Milled Rice to Panama in 2022:
- United States (696.1 tons)
- Thailand (313.2 tons)
- Italy (34.0 tons)
Milled Rice Exports in Panama
In 2022, overseas shipments of semi-milled or wholly milled (bleached) rice decreased by -92.8% to 4.2 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 2,324% against the previous year. As a result, the exports attained the peak of 562 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, milled rice exports shrank remarkably to $6.6K in 2022. In general, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 1,877% against the previous year. As a result, the exports reached the peak of $441K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Milled Rice in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Moldova | 0.8 | 0.4 | N/A | 1.6 | 26.0% |
| Bahamas | 11.7 | N/A | N/A | 1.3 | -51.9% |
| Slovenia | N/A | N/A | N/A | 1.3 | 0% |
| Grenada | N/A | 0.3 | 0.5 | 1.1 | 91.5% |
| Antigua and Barbuda | N/A | N/A | N/A | 0.8 | 0% |
| Denmark | N/A | N/A | N/A | 0.4 | 0% |
| Turkey | N/A | N/A | N/A | 0.2 | 0% |
| Germany | N/A | 398 | N/A | N/A | 0% |
| Guatemala | N/A | 40.0 | 38.4 | N/A | -4.0% |
| Yemen | 9.0 | N/A | N/A | N/A | 0% |
| Others | 0.8 | 2.8 | 4.2 | N/A | 129.1% |
| Total | 22.3 | 441 | 43.2 | 6.6 | -33.4% |
Top Export Markets for Milled Rice from Panama in 2022:
- Antigua and Barbuda (1000.0 kg)
- Moldova (880.0 kg)
- Bahamas (826.0 kg)
- Grenada (636.0 kg)
- Denmark (400.0 kg)
- Slovenia (324.0 kg)
- Turkey (100.0 kg)
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