Panama - Olives (Prepared Or Preserved ) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Olive Price in Panama - 2023
Contents:
- Preserved Olive Price in Panama (CIF) - 2023
- Preserved Olive Price in Panama (FOB) - 2022
- Preserved Olive Imports in Panama
- Preserved Olive Exports in Panama
Preserved Olive Price in Panama (CIF) - 2023
In July 2023, the average preserved olive import price amounted to $2,738 per ton, waning by -20.3% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 36% m-o-m. The import price peaked at $3,765 per ton in April 2023; however, from May 2023 to July 2023, 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 ($5,723 per ton), while the price for Greece ($1,337 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Preserved Olive Price in Panama (FOB) - 2022
In 2022, the average preserved olive export price amounted to $2,148 per ton, stabilizing at the previous year. Overall, the export price, however, showed a slight contraction. The pace of growth was the most pronounced in 2014 an increase of 30% against the previous year. Over the period under review, the average export prices reached the maximum at $2,459 per ton in 2015; however, from 2016 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 Colombia ($10,755 per ton), while the average price for exports to Costa Rica ($530 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 Colombia (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Olive Imports in Panama
In 2022, imports of olives prepared or preserved into Panama surged to 1.2K tons, growing by 36% on 2021 figures. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.2% 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 +90.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, preserved olive imports surged to $3.2M in 2022. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 57%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Preserved Olive in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,040 | 882 | 1,543 | 2,460 | 33.2% |
| Guatemala | 172 | 228 | 241 | 231 | 10.3% |
| United States | 429 | 286 | 423 | 210 | -21.2% |
| Egypt | 19.9 | 46.9 | 68.6 | 98.8 | 70.6% |
| Argentina | 52.8 | 5.9 | 53.5 | 77.1 | 13.5% |
| Greece | 63.8 | 50.4 | 51.5 | 72.2 | 4.2% |
| Others | 107 | 75.0 | 88.4 | 96.5 | -3.4% |
| Total | 1,884 | 1,574 | 2,469 | 3,246 | 19.9% |
Top Suppliers of Preserved Olive to Panama in 2022:
- Spain (825.2 tons)
- Guatemala (73.6 tons)
- Egypt (72.0 tons)
- United States (59.9 tons)
- Argentina (39.1 tons)
- Greece (37.4 tons)
Preserved Olive Exports in Panama
After two years of decline, shipments abroad of olives prepared or preserved increased by 17% to 1.5 tons in 2022. Over the period under review, exports, however, recorded a sharp decrease.
In value terms, preserved olive exports skyrocketed to $3.3K in 2022. In general, exports, however, faced a sharp setback.
| Export of Preserved Olive in Panama (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 4,253 | 961 | 748 | 904 | -40.3% |
| Trinidad and Tobago | 1,806 | 973 | 677 | 732 | -26.0% |
| Colombia | 2,755 | 664 | 552 | 713 | -36.3% |
| Cuba | 2,050 | 494 | 411 | 531 | -36.3% |
| Costa Rica | 2,687 | 485 | 302 | 292 | -52.3% |
| El Salvador | 970 | 163 | 95.0 | 86.0 | -55.4% |
| Aruba | 319 | 37.0 | 8.0 | 28.0 | -55.6% |
| Others | 1.0 | 1.0 | N/A | N/A | 0.0% |
| Total | 14,841 | 3,778 | 2,793 | 3,286 | -39.5% |
Top Export Markets for Preserved Olive from Panama in 2022:
- Costa Rica (550.0 kg)
- Trinidad and Tobago (428.0 kg)
- Guatemala (241.0 kg)
- Cuba (170.0 kg)
- Colombia (66.0 kg)
- El Salvador (58.0 kg)
- Aruba (16.0 kg)
This report provides an in-depth analysis of the preserved olive 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:
- Prodcom 10391770 - Prepared or preserved olives (excluding prepared vegetable dishes and olives dried, frozen or preserved by vinegar or acetic acid)
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
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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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Despite relatively flat year to year export numbers in 2014, Italy continued to lead the way in the global trade of vegetables (homogenized preparations). In 2014, Italy exported X thousand tons of vegetables (homogenized preparations) totaling X m
1574
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1151
Hungary dominates in the global trade of prepared sweet corn. In 2014, Hungary exported X thousand tons of prepared sweet corn totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of it
1334
Despite relatively flat year to year export numbers in 2014, Italy continued to lead the way in the global trade of vegetables (homogenized preparations). In 2014, Italy exported X thousand tons of vegetables (homogenized preparations) totaling X m
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In 2020, global preserved sweet corn exports rose by +4.1% y-o-y to $1B. Thailand, Hungary and France head the list of the largest exporters worldwide. The average export price for preserved sweet corn remained relatively unchanged in 2020. Germany, the UK, Japan were the prime destinations for imported preserved sweet corn last year.
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