Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Panama - 2023

Contents:

1. Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Panama (CIF) - 2022
2. Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Panama (FOB) - 2022
3. Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Panama
4. Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Panama

Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Panama (CIF) - 2022

In 2022, the average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $7,907 per ton, increasing by 19% against the previous year. Overall, the import price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 an increase of 56% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($8,303 per ton), while the price for South Korea ($3,484 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Panama (FOB) - 2022

In 2022, the average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $4,120 per ton, growing by 4.7% against the previous year. In general, the export price, however, showed a perceptible setback. The growth pace was the most rapid in 2021 an increase of 29%. The export price peaked at $6,500 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for El Salvador.

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

Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Panama

In 2022, approx. 12 tons of mollusc preparations; cuttle fish and squid, prepared or preserveds were imported into Panama; increasing by 25% on the previous year's figure. Overall, imports, however, continue to indicate a sharp contraction.

In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds surged to $98K in 2022. Over the period under review, imports, however, recorded a abrupt downturn.

Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to Panama in 2022:

1. Spain (11.2 tons)
2. South Korea (0.9 tons)
3. Free Zones (0.2 tons)

Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Panama

In 2022, the amount of mollusc preparations; cuttle fish and squid, prepared or preserveds exported from Panama shrank rapidly to 1.6 tons, waning by -36% compared with the year before. Overall, exports saw a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 10%. As a result, the exports attained the peak of 2.6 tons, and then dropped remarkably in the following year.

In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds shrank rapidly to $6.7K in 2022. Over the period under review, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year. As a result, the exports reached the peak of $10K, and then reduced remarkably in the following year.

Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from Panama in 2022:

1. El Salvador (1.6 tons)

Source: IndexBox Market Intelligence Platform