Price for Wine; Still, in Containers Holding 2 Litres or Less in Panama - 2023
Contents:
- Price for Wine; Still, in Containers Holding 2 Litres or Less in Panama (CIF) - 2023
- Price for Wine; Still, in Containers Holding 2 Litres or Less in Panama (FOB) - 2022
- Imports of Wine; Still, in Containers Holding 2 Litres or Less in Panama
- Exports of Wine; Still, in Containers Holding 2 Litres or Less in Panama
Price for Wine; Still, in Containers Holding 2 Litres or Less in Panama (CIF) - 2023
In November 2023, the average import price for wine; still, in containers holding 2 litres or lesses amounted to $4.6 per litre, with an increase of 4.1% against the previous month. Over the period under review, the import price, however, continues to indicate a mild shrinkage. The growth pace was the most rapid in March 2023 an increase of 56% against the previous month. Over the period under review, average import prices hit record highs at $5.9 per litre in August 2023; however, from September 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Argentina ($8.4 per litre), while the price for Chile ($2.8 per litre) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wine; Still, in Containers Holding 2 Litres or Less in Panama (FOB) - 2022
In 2022, the average export price for wine; still, in containers holding 2 litres or lesses amounted to $4.2 per litre, approximately reflecting the previous year. Over the period under review, the export price enjoyed a tangible increase. The pace of growth appeared the most rapid in 2016 an increase of 67%. Over the period under review, the average export prices reached the peak figure at $4.4 per litre in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Colombia ($4.2 per litre) and Uruguay ($4.2 per litre), while the average price for exports to El Salvador ($4.1 per litre) and Chile ($4.2 per litre) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wine; Still, in Containers Holding 2 Litres or Less in Panama
In 2022, imports of wine; still, in containers holding 2 litres or lesses into Panama dropped slightly to 5M litres, therefore, remained relatively stable against the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, imports reached the peak of 5.1M litres, leveling off in the following year.
In value terms, imports of wine; still, in containers holding 2 litres or lesses reached $24M in 2022. The total import value increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Wine; Still, in Containers Holding 2 Litres or Less in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 6.9 | 5.6 | 5.9 | 6.3 | -3.0% |
| Spain | 4.2 | 3.5 | 4.9 | 5.3 | 8.1% |
| United States | 3.4 | 3.4 | 3.9 | 3.7 | 2.9% |
| Argentina | 0.6 | 0.5 | 1.6 | 3.3 | 76.5% |
| Italy | 1.5 | 1.4 | 2.6 | 2.3 | 15.3% |
| France | 0.8 | 0.6 | 1.1 | 1.2 | 14.5% |
| Free Zones | 3.0 | 2.2 | 3.1 | 0.5 | -45.0% |
| Others | 0.5 | 0.4 | 0.4 | 1.2 | 33.9% |
| Total | 21.0 | 17.7 | 23.6 | 23.8 | 4.3% |
Top Suppliers of Wine; Still, in Containers Holding 2 Litres or Less to Panama in 2022:
- Chile (2208.3K litres)
- Spain (858.8K litres)
- United States (527.0K litres)
- Argentina (501.0K litres)
- Italy (485.7K litres)
- France (155.2K litres)
- Free Zones (85.8K litres)
Exports of Wine; Still, in Containers Holding 2 Litres or Less in Panama
In 2022, exports of wine; still, in containers holding 2 litres or lesses from Panama totaled 181K litres, leveling off at 2021 figures. In general, exports saw a precipitous curtailment. The smallest decline of -49.5% was in 2020. Over the period under review, the exports of hit record highs at 717K litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of wine; still, in containers holding 2 litres or lesses totaled $759K in 2022. Overall, exports faced a dramatic setback. The smallest decline of -50% was in 2020. The exports peaked at $3M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Wine; Still, in Containers Holding 2 Litres or Less in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 155 | 45.3 | N/A | 43.5 | -34.5% |
| Costa Rica | 112 | 67.3 | N/A | 35.9 | -31.6% |
| Uruguay | 119 | 30.4 | N/A | 31.1 | -36.1% |
| United States | 71.3 | 31.9 | N/A | 19.9 | -34.6% |
| Chile | 67.4 | 42.8 | N/A | 18.7 | -34.8% |
| El Salvador | 3.6 | 22.4 | N/A | 8.3 | 32.1% |
| Belize | 37.4 | 8.3 | N/A | 8.0 | -40.2% |
| Barbados | 22.9 | 13.0 | N/A | N/A | -43.2% |
| Netherlands | 580 | N/A | N/A | N/A | 0% |
| Others | 1,865 | 1,256 | N/A | 593 | -31.7% |
| Total | 3,033 | 1,517 | N/A | 759 | -37.0% |
Top Export Markets for Wine; Still, in Containers Holding 2 Litres or Less from Panama in 2022:
- Colombia (10.4K litres)
- Costa Rica (8.6K litres)
- Uruguay (7.4K litres)
- United States (4.8K litres)
- Chile (4.5K litres)
- El Salvador (2.0K litres)
- Belize (1.9K litres)
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