Report Update: May 1, 2024

Panama - Prepared Dishes and Meals - Market Analysis, Forecast, Size, Trends And Insights

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Price for Prepared Dishes and Meal in Panama - 2023

Price for Prepared Dishes and Meal in Panama (CIF) - 2023

In July 2023, the average prepared dishes and meal import price amounted to $10,616 per ton, dropping by -7.8% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 53% against the previous month. Over the period under review, average import prices hit record highs at $12,015 per ton in February 2023; however, from March 2023 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Costa Rica ($30,654 per ton), while the price for Italy ($2,965 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 China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Prepared Dishes and Meal in Panama (FOB) - 2022

In 2022, the average prepared dishes and meal export price amounted to $3,559 per ton, shrinking by -10.8% against the previous year. In general, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2018 an increase of 10% against the previous year. Over the period under review, the average export prices attained the peak figure at $9,931 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($3,862 per ton), while the average price for exports to Free Zones ($2,343 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 Colombia (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Prepared Dishes and Meal in Panama

In 2022, approx. 18K tons of prepared dishes and meals were imported into Panama; with a decrease of -6% compared with the year before. Overall, imports recorded a perceptible setback. The growth pace was the most rapid in 2021 with an increase of 3.8% against the previous year.

In value terms, prepared dishes and meal imports fell to $166M in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of $184M, and then reduced in the following year.

Import of Prepared Dishes and Meal in Panama (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Costa Rica	48.9	40.8	61.0	55.7	4.4%
United States	43.6	43.6	53.2	46.1	1.9%
Free Zones	26.0	24.6	27.9	14.7	-17.3%
Mexico	9.5	8.8	10.4	10.9	4.7%
Netherlands	0.5	1.7	0.3	5.0	115.4%
Colombia	2.5	4.3	4.5	4.5	21.6%
Chile	5.7	6.1	3.9	3.7	-13.4%
Germany	5.0	4.2	4.2	3.6	-10.4%
El Salvador	1.8	2.0	3.2	2.8	15.9%
Italy	0.5	0.7	1.0	1.2	33.9%
China	1.9	2.0	1.1	1.0	-19.3%
Others	20.2	21.8	13.1	16.7	-6.1%
Total	166	160	184	166	0.0%

Top Suppliers of Prepared Dishes and Meal to Panama in 2022:

United States (6.2K tons)
Mexico (2.3K tons)
Costa Rica (1.8K tons)
Colombia (1.1K tons)
Free Zones (1.1K tons)
Netherlands (1.0K tons)
El Salvador (0.6K tons)
Chile (0.6K tons)
China (0.5K tons)
Italy (0.4K tons)
Germany (0.3K tons)

Exports of Prepared Dishes and Meal in Panama

In 2022, approx. 66 tons of prepared dishes and meals were exported from Panama; rising by 3.8% compared with 2021. Over the period under review, exports, however, continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2020 when exports increased by 8.4% against the previous year. As a result, the exports reached the peak of 2.7K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, prepared dishes and meal exports dropped to $233K in 2022. Overall, exports, however, showed a precipitous setback. The growth pace was the most rapid in 2020 when exports increased by 7.3% against the previous year. As a result, the exports attained the peak of $16M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Prepared Dishes and Meal in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Costa Rica	1,025	754	13.0	58.4	-61.5%
Nicaragua	504	389	2.9	53.5	-52.7%
Cuba	566	265	141	47.0	-56.4%
Ecuador	335	219	27.6	31.8	-54.4%
Free Zones	7,222	6,261	N/A	26.5	-84.6%
Venezuela	69.6	408	19.2	13.2	-42.5%
Dominican Republic	325	502	15.9	N/A	-77.9%
Peru	437	498	N/A	N/A	14.0%
Guatemala	1,308	748	0.9	N/A	-97.4%
United States	244	1,487	26.4	N/A	-67.1%
El Salvador	402	322	N/A	N/A	-19.9%
Colombia	513	336	N/A	N/A	-34.5%
Honduras	490	352	N/A	N/A	-28.2%
Others	1,461	3,445	5.9	3.1	-87.1%
Total	14,900	15,984	252	233	-75.0%

Top Export Markets for Prepared Dishes and Meal from Panama in 2022:

Costa Rica (15.2 tons)
Nicaragua (14.0 tons)
Cuba (12.2 tons)
Free Zones (11.3 tons)
Ecuador (8.8 tons)
Venezuela (3.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for prepared dishes and meal 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:

Prodcom 10851900 - Other prepared dishes and meals (including frozen pizza)
Prodcom 10891940 - Other food preparations n.e.c.

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023