Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Panama - 2022

Contents:

  1. Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Panama (FOB) - 2022
  2. Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Panama (CIF) - 2022
  3. Exports of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Panama
  4. Imports of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Panama

Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Panama (FOB) - 2022

In 2022, the average export price for fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s amounted to $8,278 per ton, remaining stable against the previous year. Over the period under review, the export price recorded a perceptible curtailment. The growth pace was the most rapid in 2020 a decrease of -11%. Over the period under review, the average export prices attained the maximum at $9,301 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2019 to 2022, the rate of growth in terms of prices for the United States amounted to -0.2% per year.

Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Panama (CIF) - 2022

In 2022, the average import price for fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s amounted to $16,747 per ton, shrinking by -20.2% against the previous year. Overall, the import price saw a mild decline. The pace of growth was the most pronounced in 2021 an increase of 66% against the previous year. As a result, import price attained the peak level of $20,988 per ton, and then contracted sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($17,887 per ton), while the price for Turkey ($2,111 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+27.3%), while the prices for the other major suppliers experienced a decline.

Exports of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Panama

In 2022, shipments abroad of fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s decreased by 0% to 3.9 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 548% against the previous year. As a result, the exports reached the peak of 7.7 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s stood at $32K in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 476% against the previous year. As a result, the exports reached the peak of $64K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States7.414.0N/A32.062.9%
Others3.750.1N/AN/A1254.1%
Total11.164.1N/A32.042.3%

Top Export Markets for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) from Panama in 2022:

  1. United States (3.9 tons)

Imports of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Panama

In 2022, purchases abroad of fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s was finally on the rise to reach 657 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a precipitous decline.

In value terms, imports of fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s dropped to $11K in 2022. Over the period under review, imports, however, saw a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year.

Import of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Denmark2048.911.910.4-62.9%
China3.00.20.20.3-53.6%
United States2.10.20.40.2-54.3%
Brazil0.4N/A0.10.1-37.0%
Turkey1.3N/A0.1N/A-72.3%
Others0.1N/AN/AN/A0%
Total2119.312.711.0-62.6%

Top Suppliers of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) to Panama in 2022:

  1. Denmark (582.0 kg)
  2. United States (31.0 kg)
  3. China (25.0 kg)
  4. Brazil (10.0 kg)
  5. Turkey (9.0 kg)

Source: IndexBox Market Intelligence Platform

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