Price for Fresh or Chilled Witloff Chicory in Panama - 2023
Contents:
- Price for Fresh or Chilled Witloff Chicory in Panama (CIF) - 2022
- Price for Fresh or Chilled Witloff Chicory in Panama (FOB) - 2022
- Imports of Fresh or Chilled Witloff Chicory in Panama
- Exports of Fresh or Chilled Witloff Chicory in Panama
Price for Fresh or Chilled Witloff Chicory in Panama (CIF) - 2022
In 2022, the average import price for fresh or chilled witloff chicory amounted to $2,589 per ton, with a decrease of -2.6% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2021 when the average import price increased by 36%. The import price peaked at $2,840 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2017 to 2022, the rate of growth in terms of prices for Brazil amounted to +11.7% per year.
Price for Fresh or Chilled Witloff Chicory in Panama (FOB) - 2022
In 2022, the average export price for fresh or chilled witloff chicory amounted to $4,455 per ton, with a decrease of -7.2% against the previous year. Over the period under review, the export price, however, saw prominent growth. The growth pace was the most rapid in 2019 when the average export price increased by 48%. Over the period under review, the average export prices hit record highs at $4,800 per ton in 2021, and then reduced in the following year.
As there is only one major export destination, the average price level is determined by prices for Austria.
From 2012 to 2022, the rate of growth in terms of prices for Austria amounted to +7.6% per year.
Imports of Fresh or Chilled Witloff Chicory in Panama
Fresh or chilled witloff chicory imports into Panama was estimated at 6 tons in 2022, increasing by 5.2% on the previous year's figure. The total import volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fresh or chilled witloff chicory imports expanded to $16K in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Fresh or Chilled Witloff Chicory in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.6 | 10.3 | 14.7 | 15.5 | 4.5% |
| Brazil | 0.6 | 0.6 | 0.4 | N/A | -18.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 14.2 | 10.9 | 15.1 | 15.5 | 3.0% |
Top Suppliers of Fresh or Chilled Witloff Chicory to Panama in 2022:
- United States (6.0 tons)
Exports of Fresh or Chilled Witloff Chicory in Panama
In 2022, fresh or chilled witloff chicory exports from Panama rose rapidly to 11 kg, growing by 10% on 2021 figures. In general, exports, however, recorded a pronounced slump.
In value terms, fresh or chilled witloff chicory exports expanded to $49 in 2022. The total export value increased at an average annual rate of +8.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Fresh or Chilled Witloff Chicory in Panama (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 38.0 | 45.0 | 48.0 | 49.0 | 8.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 38.0 | 45.0 | 48.0 | 49.0 | 8.8% |
Top Export Markets for Fresh or Chilled Witloff Chicory from Panama in 2022:
- Austria (11.0 kg)
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