Panama - Fish Fillets and Other Fish Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fish Fillets and Other Fish Meat in Panama - 2023
Contents:
- Price for Fish Fillets and Other Fish Meat in Panama (CIF) - 2023
- Price for Fish Fillets and Other Fish Meat in Panama (FOB) - 2023
- Imports of Fish Fillets and Other Fish Meat in Panama
- Exports of Fish Fillets and Other Fish Meat in Panama
Price for Fish Fillets and Other Fish Meat in Panama (CIF) - 2023
In September 2023, the average import price for fish fillets and other fish meat amounted to $5,968 per ton, declining by -22.3% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 71% against the previous month. As a result, import price attained the peak level of $7,677 per ton, and then reduced remarkably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Chile ($11,173 per ton), while the price for Vietnam amounted to $2,191 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Chile (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Fish Fillets and Other Fish Meat in Panama (FOB) - 2023
The average export price for fish fillets and other fish meat stood at $5,537 per ton in September 2023, surging by 20% against the previous month. Over the period under review, the export price showed a pronounced increase. The growth pace was the most rapid in June 2023 when the average export price increased by 285% m-o-m. The export price peaked at $7,096 per ton in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Costa Rica ($15,729 per ton), while the average price for exports to Aruba ($2,640 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish Fillets and Other Fish Meat in Panama
Imports of fish fillets and other fish meat into Panama fell to 3.6K tons in 2022, shrinking by -12% against the previous year's figure. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 62%.
In value terms, imports of fish fillets and other fish meat expanded remarkably to $20M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 66% against the previous year.
Import of Fish Fillets and Other Fish Meat in Panama (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Chile | 9.8 | 6.0 | 10.3 | 12.5 | 8.4% |
Vietnam | 6.0 | 2.7 | 4.3 | 5.2 | -4.7% |
China | 2.9 | 1.0 | 2.1 | 1.4 | -21.6% |
Free Zones | N/A | N/A | N/A | 0.8 | 0% |
Others | 2.0 | 1.4 | 1.7 | 0.4 | -41.5% |
Total | 20.7 | 11.1 | 18.4 | 20.3 | -0.6% |
Top Suppliers of Fish Fillets and Other Fish Meat to Panama in 2022:
- Vietnam (2017.3 tons)
- Chile (1147.9 tons)
- China (296.5 tons)
- Free Zones (64.0 tons)
Exports of Fish Fillets and Other Fish Meat in Panama
In 2022, the amount of fish fillets and other fish meat exported from Panama surged to 3.4K tons, with an increase of 173% against 2021 figures. Overall, exports saw 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 fish fillets and other fish meat surged to $13M in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Fish Fillets and Other Fish Meat in Panama (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 3.1 | 5.7 | 3.8 | 11.2 | 53.4% |
Mexico | 0.2 | 0.2 | 0.2 | 0.7 | 51.8% |
Aruba | 0.3 | 0.2 | 0.1 | 0.5 | 18.6% |
Colombia | N/A | 0.3 | 0.6 | 0.3 | 0.0% |
Others | 0.7 | 0.2 | 0.3 | 0.5 | -10.6% |
Total | 4.4 | 6.6 | 5.1 | 13.3 | 44.6% |
Top Export Markets for Fish Fillets and Other Fish Meat from Panama in 2022:
- United States (2850.4 tons)
- Mexico (272.0 tons)
- Aruba (123.0 tons)
- Colombia (74.4 tons)
This report provides an in-depth analysis of the market for fish fillets and other fish meat 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 10201100 - Fresh or chilled fish fillets and other fish meat without bones
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201110 -
- Prodcom 10201510 -
- Prodcom 10201520 -
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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