Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Panama - 2024

Contents:

1. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Panama (CIF) - 2022
2. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Panama (FOB) - 2022
3. Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Panama
4. Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Panama

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Panama (CIF) - 2022

The average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $1,957 per ton in 2022, dropping by -11.9% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of 39%. Over the period under review, average import prices hit record highs at $2,220 per ton in 2021, and then shrank in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +6.9% per year.

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Panama (FOB) - 2022

In 2020, the average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,377 per ton, growing by 3.2% against the previous year. Over the period under review, the export price, however, showed a deep setback. Over the period under review, the average export prices reached the maximum at $8,044 per ton in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was the Dominican Republic ($1,612 per ton), while the average price for exports to Colombia amounted to $1,245 per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (-19.3%).

Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Panama

In 2022, the amount of ground-nuts; other than seed, not roasted or otherwise cooked, in shell imported into Panama amounted to 48 tons, picking up by 2% against the previous year's figure. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell contracted to $94K in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. As a result, imports reached the peak of $104K, and then contracted in the following year.

Top Suppliers of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell to Panama in 2022:

1. China (46.9 tons)

Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Panama

Exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell from Panama declined rapidly to 302 kg in 2020, dropping by -33.5% compared with the previous year. In general, exports showed a dramatic slump.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell declined notably to $416 in 2020. Overall, exports showed a significant contraction.

Top Export Markets for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell from Panama in 2022:

1. Colombia (192.0 kg)
2. Dominican Republic (103.0 kg)

Source: IndexBox Market Intelligence Platform