Price for Vegetable Products Not Elsewhere Specified or Included in Panama - 2024
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in Panama (CIF) - 2022
- Price for Vegetable Products Not Elsewhere Specified or Included in Panama (FOB) - 2022
- Imports of Vegetable Products Not Elsewhere Specified or Included in Panama
- Exports of Vegetable Products Not Elsewhere Specified or Included in Panama
Price for Vegetable Products Not Elsewhere Specified or Included in Panama (CIF) - 2022
The average import price for vegetable products not elsewhere specified or includeds stood at $2,768 per ton in 2022, dropping by -20.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 39%. Over the period under review, average import prices reached the maximum at $3,871 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($5,761 per ton), while the price for Peru ($2,325 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetable Products Not Elsewhere Specified or Included in Panama (FOB) - 2022
The average export price for vegetable products not elsewhere specified or includeds stood at $18,509 per ton in 2022, approximately equating the previous year. In general, the export price recorded a significant expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 489% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
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 China ($20,570 per ton), while the average price for exports to Nicaragua amounted to $133 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (-5.7%).
Imports of Vegetable Products Not Elsewhere Specified or Included in Panama
In 2022, supplies from abroad of vegetable products not elsewhere specified or includeds decreased by -40.5% to 28 tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2020 when imports increased by 48%. As a result, imports reached the peak of 48 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vegetable products not elsewhere specified or includeds dropped sharply to $78K in 2022. Overall, imports showed a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 39%. As a result, imports reached the peak of $174K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Vegetable Products Not Elsewhere Specified or Included in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 103 | 131 | 101 | 44.3 | -24.5% |
| Costa Rica | 11.2 | 17.5 | 24.1 | 14.3 | 8.5% |
| India | N/A | 4.1 | N/A | 5.9 | 20.0% |
| China | 0.3 | N/A | N/A | 5.9 | 169.9% |
| Guatemala | 6.2 | 7.5 | 40.0 | 5.1 | -6.3% |
| Brazil | 4.7 | 7.8 | N/A | N/A | 66.0% |
| Others | 0.4 | 6.2 | 1.3 | 2.8 | 91.3% |
| Total | 125 | 174 | 166 | 78.4 | -14.4% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Panama in 2022:
- Peru (19.1 tons)
- Costa Rica (5.0 tons)
- China (1.4 tons)
- India (1.2 tons)
- Guatemala (1.2 tons)
Exports of Vegetable Products Not Elsewhere Specified or Included in Panama
Exports of vegetable products not elsewhere specified or includeds from Panama amounted to 116 kg in 2022, remaining stable against 2021 figures. Over the period under review, exports showed a dramatic descent. The smallest decline of -97.9% was in 2020.
In value terms, exports of vegetable products not elsewhere specified or includeds amounted to $2.1K in 2022. In general, exports faced a sharp setback. The smallest decline of -98.7% was in 2020.
| Export of Vegetable Products Not Elsewhere Specified or Included in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 2.1 | 0% |
| Nicaragua | N/A | N/A | N/A | N/A | 0% |
| Aruba | 14.0 | N/A | N/A | N/A | 0% |
| Angola | N/A | 0.2 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 14.0 | 0.2 | N/A | 2.1 | -46.9% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Panama in 2022:
- China (100.0 kg)
- Nicaragua (15.0 kg)
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