Panama - Dried Or Salted Fish - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Dried or Salted Fish in Panama - 2023
Contents:
- Price for Dried or Salted Fish in Panama (CIF) - 2022
- Price for Dried or Salted Fish in Panama (FOB) - 2022
- Imports of Dried or Salted Fish in Panama
- Exports of Dried or Salted Fish in Panama
Price for Dried or Salted Fish in Panama (CIF) - 2022
The average dried or salted fish import price stood at $5,612 per ton in 2022, growing by 24% against the previous year. Overall, the import price, however, showed a deep contraction. The import price peaked at $13,644 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Norway.
From 2015 to 2022, the rate of growth in terms of prices for Norway amounted to -11.3% per year.
Price for Dried or Salted Fish in Panama (FOB) - 2022
In 2022, the average dried or salted fish export price amounted to $5,852 per ton, almost unchanged from the previous year. In general, the export price, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2016 an increase of 27% against the previous year. Over the period under review, the average export prices attained the peak figure at $9,427 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($17,161 per ton), while the average price for exports to Costa Rica ($423 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 Hong Kong SAR (-1.0%), while the prices for the other major destinations experienced a decline.
Imports of Dried or Salted Fish in Panama
In 2022, dried or salted fish imports into Panama dropped significantly to 499 tons, which is down by -22.6% compared with the previous year. In general, imports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 160%. As a result, imports attained the peak of 645 tons, and then contracted notably in the following year.
In value terms, dried or salted fish imports dropped modestly to $2.8M in 2022. Overall, imports, however, enjoyed measured growth. The growth pace was the most rapid in 2021 when imports increased by 183% against the previous year. As a result, imports reached the peak of $2.9M, and then dropped slightly in the following year.
| Import of Dried or Salted Fish in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 1,698 | 426 | 2,098 | 2,768 | 17.7% |
| Canada | 733 | 527 | 646 | N/A | -6.1% |
| United States | 74.2 | 43.3 | 66.8 | N/A | -5.1% |
| Others | 104 | 31.8 | 103 | 35.1 | -30.4% |
| Total | 2,610 | 1,028 | 2,914 | 2,803 | 2.4% |
Top Suppliers of Dried or Salted Fish to Panama in 2022:
- Norway (495.6 tons)
Exports of Dried or Salted Fish in Panama
After three years of growth, overseas shipments of dried or salted fish decreased by -3.8% to 6.9 tons in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. As a result, the exports reached the peak of 7.1 tons, and then contracted in the following year.
In value terms, dried or salted fish exports contracted modestly to $40K in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, the exports reached the peak of $41K, and then contracted modestly in the following year.
| Export of Dried or Salted Fish in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.5 | 25.5 | 35.9 | 35.5 | 14.7% |
| Hong Kong SAR | 1.4 | 1.4 | 2.0 | 1.9 | 10.7% |
| Costa Rica | 0.2 | 0.4 | 1.3 | 1.0 | 71.0% |
| Aruba | 1.2 | 1.0 | 1.2 | 1.0 | -5.9% |
| Canada | 0.8 | 0.8 | 0.9 | 0.7 | -4.4% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 27.5 | 29.1 | 41.2 | 40.1 | 13.4% |
Top Export Markets for Dried or Salted Fish from Panama in 2022:
- Costa Rica (2.5 tons)
- China (2.1 tons)
- Canada (1.3 tons)
- Aruba (0.8 tons)
- Hong Kong SAR (0.2 tons)
This report provides an in-depth analysis of the market for dried or salted fish 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 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
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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