Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Panama - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Panama (CIF) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Panama (FOB) - 2022
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Panama
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Panama
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Panama (CIF) - 2023
The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $5,788 per ton in November 2023, growing by 1.7% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 16% against the previous month. Over the period under review, average import prices attained the maximum at $6,932 per ton in December 2022; however, from January 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($16,301 per ton), while the price for New Zealand ($4,601 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Panama (FOB) - 2022
In 2022, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $6,029 per ton, dropping by -50.4% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 131% against the previous year. As a result, the export price reached the peak level of $12,165 per ton, and then dropped dramatically in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to -9.9% per year.
Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Panama
In 2022, supplies from abroad of cheese, other than blue-veined, grated, powdered or processed decreased by -3.1% to 10K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports reached the peak of 10K tons, and then shrank slightly in the following year.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed soared to $60M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.2% 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 +52.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Panama (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 12.6 | 12.9 | 23.3 | 46.6 | 54.6% |
Netherlands | 1.9 | 1.7 | 2.5 | 2.7 | 12.4% |
New Zealand | 14.0 | 10.4 | 8.6 | 2.7 | -42.2% |
Argentina | N/A | N/A | N/A | 1.7 | 0% |
Poland | 0.3 | 4.7 | 8.8 | 1.0 | 49.4% |
Ireland | 4.9 | 7.3 | 0.4 | 0.5 | -53.3% |
Others | 5.8 | 4.6 | 5.6 | 4.9 | -5.5% |
Total | 39.4 | 41.7 | 49.2 | 60.2 | 15.2% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Panama in 2022:
- United States (8.0K tons)
- New Zealand (0.5K tons)
- Netherlands (0.4K tons)
- Argentina (0.3K tons)
- Poland (0.2K tons)
- Ireland (0.1K tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Panama
In 2022, the amount of cheese, other than blue-veined, grated, powdered or processed exported from Panama dropped slightly to 340 kg, leveling off at the previous year's figure. In general, exports continue to indicate a sharp shrinkage.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed declined rapidly to $2K in 2022. Overall, exports showed a dramatic decline.
Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | N/A | N/A | N/A | 2.0 | 0% |
Dominica | 62.9 | N/A | N/A | N/A | 0% |
Nicaragua | 6.2 | 0.5 | N/A | N/A | -91.9% |
Aruba | 7.0 | N/A | 2.2 | N/A | -43.9% |
Guatemala | 41.6 | 45.9 | 2.0 | N/A | -78.1% |
El Salvador | 13.2 | 14.2 | N/A | N/A | 7.6% |
Others | N/A | 1.2 | N/A | N/A | 0% |
Total | 131 | 61.8 | 4.2 | 2.0 | -75.2% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Panama in 2022:
- United States (340.0 kg)
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