Panama - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Powdered, Evaporated and Condensed Milk in Panama - 2023
Contents:
- Price for Powdered, Evaporated and Condensed Milk in Panama (CIF) - 2022
- Price for Powdered, Evaporated and Condensed Milk in Panama (FOB) - 2022
- Imports of Powdered, Evaporated and Condensed Milk in Panama
- Exports of Powdered, Evaporated and Condensed Milk in Panama
Price for Powdered, Evaporated and Condensed Milk in Panama (CIF) - 2022
The average import price for powdered, evaporated and condensed milk stood at $4,311 per ton in 2022, surging by 34% against the previous year. In general, the import price enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 86% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Uruguay ($4,625 per ton) and New Zealand ($4,361 per ton), while the price for the Netherlands ($4,101 per ton) and the United States ($4,138 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Powdered, Evaporated and Condensed Milk in Panama (FOB) - 2022
In 2022, the average export price for powdered, evaporated and condensed milk amounted to $2,156 per ton, waning by -30.9% against the previous year. In general, the export price continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when the average export price increased by 35%. Over the period under review, the average export prices attained the peak figure at $3,325 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Aruba ($6,669 per ton), while the average price for exports to Jamaica ($485 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 Aruba (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Powdered, Evaporated and Condensed Milk in Panama
In 2022, supplies from abroad of powdered, evaporated and condensed milk decreased by -15.1% to 9.5K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year.
In value terms, powdered, evaporated and condensed milk imports expanded remarkably to $41M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.7% 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 +71.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 39%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Powdered, Evaporated and Condensed Milk in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.0 | 12.9 | 17.6 | 17.1 | 28.8% |
| Uruguay | 4.9 | N/A | 6.9 | 11.0 | 30.9% |
| New Zealand | 3.3 | 10.0 | 4.0 | 7.4 | 30.9% |
| Netherlands | 2.9 | 3.8 | 3.4 | 4.8 | 18.3% |
| Argentina | N/A | 1.9 | 2.9 | N/A | 52.6% |
| Peru | 0.7 | 0.2 | 0.2 | N/A | -46.5% |
| Costa Rica | 2.5 | 1.5 | 0.1 | N/A | -80.0% |
| Others | 1.7 | 2.9 | 1.0 | 0.8 | -22.2% |
| Total | 23.9 | 33.3 | 36.1 | 41.0 | 19.7% |
Top Suppliers of Powdered, Evaporated and Condensed Milk to Panama in 2022:
- United States (4.1K tons)
- Uruguay (2.4K tons)
- New Zealand (1.7K tons)
- Netherlands (1.2K tons)
Exports of Powdered, Evaporated and Condensed Milk in Panama
In 2022, overseas shipments of powdered, evaporated and condensed milk decreased by -69.2% to 1K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 90% against the previous year.
In value terms, powdered, evaporated and condensed milk exports contracted rapidly to $2.2M in 2022. Over the period under review, exports showed a drastic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 104%.
| Export of Powdered, Evaporated and Condensed Milk in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahamas | N/A | 25.1 | N/A | 507 | 349.4% |
| Honduras | 253 | 475 | 389 | 355 | 12.0% |
| Nicaragua | 194 | 280 | 279 | 324 | 18.6% |
| Guatemala | 876 | 882 | 1,080 | 266 | -32.8% |
| Guyana | N/A | 210 | 5,045 | 197 | -3.1% |
| Bermuda | N/A | N/A | N/A | 124 | 0% |
| El Salvador | 139 | 195 | 123 | 117 | -5.6% |
| Jamaica | N/A | 27.0 | 1.0 | 109 | 100.9% |
| Costa Rica | 2,048 | 4,904 | 2,961 | N/A | 20.2% |
| Others | 155 | 463 | 543 | 216 | 11.7% |
| Total | 3,665 | 7,462 | 10,420 | 2,216 | -15.4% |
Top Export Markets for Powdered, Evaporated and Condensed Milk from Panama in 2022:
- Jamaica (225.5 tons)
- Bahamas (199.7 tons)
- Honduras (153.0 tons)
- Nicaragua (138.4 tons)
- Guatemala (115.8 tons)
- Bermuda (54.4 tons)
- El Salvador (48.4 tons)
- Guyana (32.6 tons)
This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 897 - Dry Whole Cow Milk
- FCL 898 - Dry Skim Cow Milk
- FCL 889 - Whole Milk, Condensed
- FCL 894 - Whole Milk, Evaporated
- FCL 895 - Skim Milk, Evaporated
- FCL 896 - Skim Milk, Condensed
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Panama.
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This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in Panama.
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This report provides an in-depth analysis of the market for evaporated and condensed milk in Panama.
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This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Panama.
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This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Panama.
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This report provides an in-depth analysis of the powdered milk market in Panama.
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This report provides an in-depth analysis of the skim powdered milk market in Panama.
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This report provides an in-depth analysis of the whole powdered milk market in Panama.
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This report provides an in-depth analysis of the global market for powdered, evaporated and condensed milk.
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This report provides an in-depth analysis of the global market for powdered, condensed or evaporated milk.
252
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
1323
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1721
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
322
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
110
Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
252
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
1323
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1721
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
322
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
110
Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
