Price for Cereal Groats and Meal; of Wheat in Panama - 2024
Contents:
- Price for Cereal Groats and Meal; of Wheat in Panama (CIF) - 2024
- Price for Cereal Groats and Meal; of Wheat in Panama (FOB) - 2022
- Imports of Cereal Groats and Meal; of Wheat in Panama
- Exports of Cereal Groats and Meal; of Wheat in Panama
Price for Cereal Groats and Meal; of Wheat in Panama (CIF) - 2024
In July 2023, the average import price for cereal groats and meal; of wheats amounted to $685 per ton, dropping by -2.5% against the previous month. In general, the import price continues to indicate a mild decrease. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 6.4% month-to-month. The import price peaked at $770 per ton in May 2023; however, from June 2023 to July 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Mexico.
From January 2023 to July 2023, the rate of growth in terms of prices for Mexico amounted to -1.1% per month.
Price for Cereal Groats and Meal; of Wheat in Panama (FOB) - 2022
The average export price for cereal groats and meal; of wheats stood at $503 per ton in 2020, growing by 15% against the previous year. Overall, the export price, however, faced a sharp setback. Over the period under review, the average export prices attained the peak figure at $4,462 per ton in 2012; however, from 2013 to 2020, 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 Curacao.
From 2012 to 2020, the rate of growth in terms of prices for Colombia amounted to +5.0% per year.
Imports of Cereal Groats and Meal; of Wheat in Panama
In 2022, imports of cereal groats and meal; of wheats into Panama soared to 11K tons, rising by 82% compared with the year before. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereal groats and meal; of wheats skyrocketed to $7.3M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats and Meal; of Wheat in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 2.0 | 1.9 | 3.0 | 7.3 | 54.0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 2.0 | 2.0 | 3.0 | 7.3 | 54.0% |
Top Suppliers of Cereal Groats and Meal; of Wheat to Panama in 2022:
- Mexico (10.9K tons)
Exports of Cereal Groats and Meal; of Wheat in Panama
In 2020, the amount of cereal groats and meal; of wheats exported from Panama skyrocketed to 2.1 tons, picking up by 415% compared with the year before. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereal groats and meal; of wheats surged to $1.1K in 2020. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats and Meal; of Wheat in Panama (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Curacao | N/A | 207 | 0% | ||
| Others | 182 | 870 | 378.0% | ||
| Total | 182 | 1,077 | 491.8% | ||
Top Export Markets for Cereal Groats and Meal; of Wheat from Panama in 2022:
- Curacao (0.4 tons)
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