Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Panama - 2023

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Panama (CIF) - 2022
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Panama (FOB) - 2022
3. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Panama
4. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Panama

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Panama (CIF) - 2022

The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses stood at $1,288 per ton in 2022, declining by -12.9% against the previous year. Overall, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 51% against the previous year. As a result, import price attained the peak level of $2,629 per ton. From 2020 to 2022, the average 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 the United States ($1,748 per ton), while the price for Italy totaled $637 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-19.6%), while the prices for the other major suppliers experienced a decline.

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Panama (FOB) - 2022

The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses stood at $791 per ton in 2022, growing by 12% against the previous year. Over the period under review, the export price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2019 an increase of 21% against the previous year. Over the period under review, the average export prices reached the maximum at $1,294 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Venezuela.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +21.5% per year.

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Panama

In 2022, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses into Panama amounted to 53 tons, approximately reflecting 2021. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 204% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses shrank to $68K in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 98% against the previous year. As a result, imports reached the peak of $77K, and then reduced in the following year.

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats to Panama in 2022:

1. United States (31.0 tons)
2. Italy (21.9 tons)

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in Panama

For the third year in a row, Panama recorded decline in overseas shipments of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses, which decreased by -72.7% to 139 kg in 2022. In general, exports continue to indicate a precipitous descent. The smallest decline of -49.9% was in 2021.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses shrank remarkably to $110 in 2022. Over the period under review, exports saw a sharp reduction. The smallest decline of -41% was in 2021.

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats from Panama in 2022:

1. Venezuela (138.0 kg)

Source: IndexBox Market Intelligence Platform