Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Panama - 2023

Contents:

  1. Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Panama (CIF) - 2023
  2. Imports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Panama

Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Panama (CIF) - 2023

In November 2023, the average import price for fresh or chilled lettuce, other than cabbage lettuce amounted to $4,923 per ton, picking up by 93% against the previous month. Over the period under review, the import price recorded resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($5,220 per ton), while the price for Ecuador ($4,058 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 Costa Rica (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Panama

In 2022, imports of fresh or chilled lettuce, other than cabbage lettuce into Panama declined sharply to 216 tons, shrinking by -28.4% compared with the previous year. Over the period under review, imports recorded a noticeable decrease. The pace of growth was the most pronounced in 2021 when imports increased by 98%. As a result, imports reached the peak of 302 tons, and then plummeted in the following year.

In value terms, imports of fresh or chilled lettuce, other than cabbage lettuce fell to $550K in 2022. In general, total imports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +2.4% 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 +75.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 106%. As a result, imports reached the peak of $647K, and then declined in the following year.

Import of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Costa Rica2831193603123.3%
United States223168178216-1.1%
MexicoN/A26.710823.1-7.0%
Others6.30.60.6N/A-69.1%
Total5133156475502.3%

Top Suppliers of Fresh or Chilled Lettuce, Other than Cabbage Lettuce to Panama in 2022:

  1. Costa Rica (105.4 tons)
  2. United States (93.3 tons)
  3. Mexico (17.6 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Lettuce (lactuca sativa), (other than cabbage lettuce), fresh or chilled - Panama