Price for Frozen Concentrated Orange Juice in Panama - 2023
Contents:
- Price for Frozen Concentrated Orange Juice in Panama (CIF) - 2023
- Price for Frozen Concentrated Orange Juice in Panama (FOB) - 2022
- Imports of Frozen Concentrated Orange Juice in Panama
- Exports of Frozen Concentrated Orange Juice in Panama
Price for Frozen Concentrated Orange Juice in Panama (CIF) - 2023
The average frozen concentrated orange juice import price stood at $4,319 per ton in July 2023, with an increase of 37% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Free Zones ($5,002 per ton), while the price for Costa Rica ($3,000 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Free Zones (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Concentrated Orange Juice in Panama (FOB) - 2022
The average frozen concentrated orange juice export price stood at $4,108 per ton in 2022, rising by 1.8% against the previous year. Overall, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 48%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($5,264 per ton), while the average price for exports to North Macedonia ($632 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Frozen Concentrated Orange Juice in Panama
In 2022, approx. 272 tons of frozen concentrated orange juice were imported into Panama; approximately reflecting the previous year. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 7.6% against the previous year.
In value terms, frozen concentrated orange juice imports expanded rapidly to $782K in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 21%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Frozen Concentrated Orange Juice in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 379 | 152 | 346 | 378 | -0.1% |
| Costa Rica | 113 | 124 | 143 | 179 | 16.6% |
| Brazil | 93.9 | 214 | 85.1 | 142 | 14.8% |
| Paraguay | N/A | N/A | N/A | 61.9 | 0% |
| Colombia | 87.8 | 16.7 | 18.7 | 21.7 | -37.2% |
| Lebanon | 4.2 | 3.9 | 3.8 | N/A | -4.9% |
| Uruguay | 44.4 | 68.4 | 91.8 | N/A | 43.8% |
| Others | 42.2 | 34.5 | 55.9 | N/A | 15.1% |
| Total | 764 | 613 | 743 | 782 | 0.8% |
Top Suppliers of Frozen Concentrated Orange Juice to Panama in 2022:
- United States (125.4 tons)
- Costa Rica (56.7 tons)
- Brazil (54.5 tons)
- Paraguay (26.6 tons)
- Colombia (8.4 tons)
Exports of Frozen Concentrated Orange Juice in Panama
In 2022, shipments abroad of frozen concentrated orange juice decreased by -24.4% to 210 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 66%. As a result, the exports attained the peak of 278 tons, and then reduced rapidly in the following year.
In value terms, frozen concentrated orange juice exports dropped significantly to $862K in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 86%. As a result, the exports reached the peak of $1.1M, and then declined remarkably in the following year.
| Export of Frozen Concentrated Orange Juice in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 102 | 565 | 1,046 | 803 | 98.9% |
| Bahamas | 63.8 | 29.4 | 54.5 | 41.9 | -13.1% |
| North Macedonia | 54.8 | 6.8 | 15.2 | 11.7 | -40.2% |
| Costa Rica | 12.1 | 2.4 | 5.2 | 4.8 | -26.5% |
| Switzerland | 91.8 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 325 | 603 | 1,121 | 862 | 38.4% |
Top Export Markets for Frozen Concentrated Orange Juice from Panama in 2022:
- Israel (152.6 tons)
- Bahamas (34.6 tons)
- North Macedonia (18.5 tons)
- Costa Rica (4.1 tons)
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