Price for Vegetable Saps and Extracts; of Hops in Panama - 2023

Contents:

1. Price for Vegetable Saps and Extracts; of Hops in Panama (CIF) - 2022
2. Price for Vegetable Saps and Extracts; of Hops in Panama (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; of Hops in Panama
4. Exports of Vegetable Saps and Extracts; of Hops in Panama

Price for Vegetable Saps and Extracts; of Hops in Panama (CIF) - 2022

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $21,697 per ton, picking up by 5.2% against the previous year. Over the period under review, the import price, however, saw a mild slump. The growth pace was the most rapid in 2016 an increase of 39% against the previous year. Over the period under review, average import prices hit record highs at $29,585 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($29,953 per ton), while the price for Free Zones ($18,605 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Vegetable Saps and Extracts; of Hops in Panama (FOB) - 2022

The average export price for vegetable saps and extracts; of hopses stood at $36,267 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2019 an increase of 16%. As a result, the export price reached the peak level of $39,413 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($39,923 per ton), while the average price for exports to Guatemala ($1,000 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 Venezuela (+25.9%), while the prices for the other major destinations experienced a decline.

Imports of Vegetable Saps and Extracts; of Hops in Panama

In 2022, approx. 39 tons of vegetable saps and extracts; of hopses were imported into Panama; with a decrease of -40% compared with 2021 figures. Over the period under review, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 70%. As a result, imports reached the peak of 64 tons, and then fell dramatically in the following year.

In value terms, imports of vegetable saps and extracts; of hopses contracted dramatically to $839K in 2022. In general, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 70%. As a result, imports reached the peak of $1.3M, and then contracted remarkably in the following year.

Top Suppliers of Vegetable Saps and Extracts; of Hops to Panama in 2022:

1. United States (31.1 tons)
2. Free Zones (5.2 tons)
3. Germany (2.4 tons)

Exports of Vegetable Saps and Extracts; of Hops in Panama

For the third consecutive year, Panama recorded decline in shipments abroad of vegetable saps and extracts; of hopses, which decreased by 0% to 15 kg in 2022. In general, exports showed a dramatic curtailment. The smallest decline of -97.9% was in 2020.

In value terms, exports of vegetable saps and extracts; of hopses stood at $544 in 2022. Overall, exports saw a sharp shrinkage. The smallest decline of -98% was in 2020.

Top Export Markets for Vegetable Saps and Extracts; of Hops from Panama in 2022:

1. Venezuela (13.0 kg)
2. Nicaragua (1.0 kg)
3. Guatemala (1.0 kg)

Source: IndexBox Market Intelligence Platform