Non-Liquid Margarine Price in Panama - 2023

Contents:

1. Non-Liquid Margarine Price in Panama (CIF) - 2023
2. Non-Liquid Margarine Price in Panama (FOB) - 2022
3. Non-Liquid Margarine Imports in Panama
4. Non-Liquid Margarine Exports in Panama

Non-Liquid Margarine Price in Panama (CIF) - 2023

The average non-liquid margarine import price stood at $1,829 per ton in September 2023, dropping by -7.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 55% month-to-month. As a result, import price reached the peak level of $2,469 per ton. From November 2022 to September 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($3,917 per ton), while the price for Ecuador ($1,319 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Non-Liquid Margarine Price in Panama (FOB) - 2022

The average non-liquid margarine export price stood at $1,018 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 113%. Over the period under review, the average export prices reached the peak figure at $2,110 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($4,197 per ton), while the average price for exports to Guyana ($312 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 Costa Rica (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Liquid Margarine Imports in Panama

In 2022, the amount of non-liquid margarine imported into Panama declined markedly to 3.3K tons, falling by -16.1% against 2021 figures. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year.

In value terms, non-liquid margarine imports reduced to $6.4M in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of $6.8M, and then declined in the following year.

Top Suppliers of Non-Liquid Margarine to Panama in 2022:

1. Colombia (1344.1 tons)
2. Costa Rica (832.5 tons)
3. United States (713.3 tons)
4. El Salvador (316.8 tons)

Non-Liquid Margarine Exports in Panama

In 2022, the amount of non-liquid margarine exported from Panama contracted sharply to 2 tons, which is down by -23% compared with 2021 figures. Overall, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 97% against the previous year.

In value terms, non-liquid margarine exports reduced sharply to $2.1K in 2022. Over the period under review, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 85%.

Top Export Markets for Non-Liquid Margarine from Panama in 2022:

1. Guyana (1611.0 kg)
2. Bahrain (351.0 kg)
3. Costa Rica (81.0 kg)

Source: IndexBox Market Intelligence Platform