Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Panama - 2023

Contents:

  1. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Panama (CIF) - 2022
  2. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Panama (FOB) - 2022
  3. Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Panama
  4. Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Panama

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Panama (CIF) - 2022

In 2022, the average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 amounted to $1,257 per ton, dropping by -25.5% against the previous year. Over the period under review, import price indicated a tangible expansion from 2017 to 2022: its price increased at an average annual rate of +4.4% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 decreased by -30.3% against 2020 indices. The growth pace was the most rapid in 2018 when the average import price increased by 56%. Over the period under review, average import prices attained the peak figure at $1,804 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,363 per ton), while the price for Colombia amounted to $1,080 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Panama (FOB) - 2022

The average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $1,239 per ton in 2020, dropping by -34% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 an increase of 23% against the previous year. As a result, the export price attained the peak level of $1,878 per ton, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($2,850 per ton), while the average price for exports to Barbados totaled $1,263 per ton.

From 2015 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Chile (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Panama

Imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 into Panama shrank to 2.6 tons in 2022, with a decrease of -11.7% against the previous year's figure. In general, imports recorded a dramatic downturn.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 dropped rapidly to $3.3K in 2022. Overall, imports faced a sharp slump. The smallest decline of -8.1% was in 2020.

Import of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States5.82.81.02.2-27.6%
ColombiaN/A1.00.41.14.9%
PeruN/A1.6N/AN/A0%
Costa Rica0.80.70.9N/A6.1%
India0.80.62.2N/A65.8%
Netherlands0.60.40.3N/A-29.3%
Turkey0.10.20.1N/A0.0%
Others0.10.20.1N/A0.0%
Total8.17.55.03.3-25.9%

Top Suppliers of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 to Panama in 2022:

  1. United States (1.6 tons)
  2. Colombia (1.0 tons)

Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Panama

In 2020, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 from Panama contracted sharply to 251 kg, waning by -47.2% compared with the year before. Overall, exports recorded a dramatic decline.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 dropped markedly to $311 in 2020. Over the period under review, exports recorded a dramatic decline.

Export of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Panama (USD)
COUNTRY20192020CAGR,
2019-2020
Trinidad and TobagoN/A57.00%
BarbadosN/A24.00%
Others892230-74.2%
Total892311-65.1%

Top Export Markets for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 from Panama in 2022:

  1. Trinidad and Tobago (20.0 kg)
  2. Barbados (19.0 kg)

Source: IndexBox Market Intelligence Platform

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