Price for Buckwheat, Millet and Canary Seed; Other Cereals in Panama - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Panama (CIF) - 2022
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Panama (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Panama
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Panama
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Panama (CIF) - 2022
The average import price for buckwheat, millet and canary seed; other cerealses stood at $2,085 per ton in 2022, rising by 16% against the previous year. Over the period under review, the import price recorded a strong increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 108%. Over the period under review, average import prices attained the maximum at $5,006 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Peru ($9,979 per ton), while the price for Canada ($1,148 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Panama (FOB) - 2022
The average export price for buckwheat, millet and canary seed; other cerealses stood at $1,437 per ton in 2022, waning by -15.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 63%. Over the period under review, the average export prices attained the peak figure at $3,424 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($1,395 per ton), while the average price for exports to Costa Rica ($1,074 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 Israel (+1.9%), while the prices for the other major destinations experienced a decline.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Panama
In 2022, approx. 467 tons of buckwheat, millet and canary seed; other cerealses were imported into Panama; standing approx. at 2021. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 8.4%.
In value terms, imports of buckwheat, millet and canary seed; other cerealses surged to $974K in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 +46.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 21%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 194 | 199 | 238 | 415 | 28.8% |
| Peru | 13.8 | 16.2 | 18.3 | 267 | 168.5% |
| United States | 159 | 122 | 136 | 103 | -13.5% |
| Paraguay | N/A | N/A | 41.8 | 86.4 | 106.7% |
| Guatemala | 20.0 | 85.4 | 57.5 | 51.3 | 36.9% |
| Bulgaria | 35.9 | 10.5 | 9.3 | 15.1 | -25.1% |
| China | 157 | 189 | 218 | 1.2 | -80.3% |
| Aruba | N/A | N/A | 33.6 | N/A | 0% |
| Others | 87.3 | 57.6 | 71.3 | 35.1 | -26.2% |
| Total | 667 | 680 | 824 | 974 | 13.5% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Panama in 2022:
- Canada (361.5 tons)
- Peru (26.7 tons)
- United States (22.9 tons)
- Guatemala (20.5 tons)
- Paraguay (13.9 tons)
- Bulgaria (12.5 tons)
- China (0.7 tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Panama
In 2022, approx. 14 tons of buckwheat, millet and canary seed; other cerealses were exported from Panama; rising by 17% compared with the previous year's figure. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,531% against the previous year. As a result, the exports attained the peak of 24 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of buckwheat, millet and canary seed; other cerealses shrank slightly to $21K in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,171%. As a result, the exports reached the peak of $42K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 1.6 | 32.8 | 18.8 | 18.7 | 126.9% |
| Guatemala | N/A | 0.6 | 0.6 | 0.6 | 0.0% |
| Costa Rica | N/A | 0.6 | 0.3 | 0.3 | -29.3% |
| Peru | N/A | 5.7 | N/A | N/A | 0% |
| Others | 0.2 | 2.0 | 1.2 | 1.2 | 81.7% |
| Total | 1.8 | 41.6 | 20.9 | 20.7 | 125.7% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Panama in 2022:
- Israel (13.4 tons)
- Guatemala (0.4 tons)
- Costa Rica (0.2 tons)
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