Panama - Rice - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRice Price in Panama - 2023
Contents:
- Rice Price in Panama (CIF) - 2022
- Rice Price in Panama (FOB) - 2022
- Rice Imports in Panama
- Rice Exports in Panama
Rice Price in Panama (CIF) - 2022
In 2022, the average rice import price amounted to $479 per ton, growing by 2.1% against the previous year. In general, the import price, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the maximum at $901 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Thailand ($564 per ton), while the price for Brazil ($311 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Rice Price in Panama (FOB) - 2022
In 2022, the average rice export price amounted to $455 per ton, increasing by 39% against the previous year. Overall, the export price, however, continues to indicate a pronounced slump. The growth pace was the most rapid in 2013 an increase of 98% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,436 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat 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 Venezuela ($982 per ton), while the average price for exports to Gambia ($262 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 Rwanda (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.
Rice Imports in Panama
In 2022, the amount of rice imported into Panama surged to 69K tons, jumping by 97% on the year before. Over the period under review, imports, however, saw a abrupt curtailment.
In value terms, rice imports skyrocketed to $33M in 2022. In general, imports, however, saw a abrupt setback.
| Import of Rice in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.0 | 10.8 | 14.1 | 31.4 | 10.9% |
| Guyana | 15.2 | 0.8 | 0.6 | 0.3 | -73.0% |
| Uruguay | 0.6 | 42.3 | N/A | N/A | 6950.0% |
| Brazil | 2.4 | 1.2 | 0.1 | N/A | -79.6% |
| Others | 1.1 | 4.7 | 1.5 | 1.0 | -3.1% |
| Total | 42.2 | 59.9 | 16.3 | 32.8 | -8.1% |
Top Suppliers of Rice to Panama in 2022:
- Brazil (undefinedK tons)
- United States (66.7K tons)
- Guyana (0.8K tons)
Rice Exports in Panama
In 2022, approx. 1.6K tons of rice were exported from Panama; with an increase of 29% on the year before. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 420% against the previous year. As a result, the exports attained the peak of 3.4K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, rice exports surged to $722K in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 251% against the previous year. As a result, the exports attained the peak of $1.2M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Rice in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 0.1 | N/A | N/A | 418 | 1510.9% |
| Gambia | 56.3 | 348 | 100 | 166 | 43.4% |
| Venezuela | 142 | 345 | 203 | 63.6 | -23.5% |
| Rwanda | 12.8 | 47.3 | 30.9 | 34.7 | 39.4% |
| Honduras | N/A | N/A | N/A | 29.7 | 0% |
| Germany | N/A | 398 | N/A | N/A | 0% |
| Others | 140 | 93.2 | 68.2 | 9.3 | -59.5% |
| Total | 351 | 1,232 | 403 | 722 | 27.2% |
Top Export Markets for Rice from Panama in 2022:
- El Salvador (741.0 tons)
- Gambia (634.7 tons)
- Honduras (81.6 tons)
- Venezuela (64.8 tons)
- Rwanda (54.3 tons)
This report provides an in-depth analysis of the rice market 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 27 - Rice, paddy
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- 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- 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, HARVESTED AREA AND YIELD
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
-
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
-
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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
583
This report provides an in-depth analysis of the rice market in Panama.
66
This report provides an in-depth analysis of the paddy rice market in Panama.
115
This report provides an in-depth analysis of the grain market in Panama.
7823
This report provides an in-depth analysis of the global rice market.
485
This report provides an in-depth analysis of the global milled rice market.
1537
This report provides an in-depth analysis of the global paddy rice market.
1373
This report provides an in-depth analysis of the global broken rice market.
735
This report provides an in-depth analysis of the global brown rice market.
601
This report provides an in-depth analysis of the global milled rice market.
3932
This report provides an in-depth analysis of the global grain market.
251
Explore the top import markets for rice and discover key statistics and insights. Learn about the countries with the highest import value for rice, including China, the Philippines, Iran, and more.
823
This year, rice prices are forecast to ease, thanks primarily to rising production and exports from India, Thailand, Vietnam, China, and Pakistan. India dominates global trade, more than doubling its supplies at a competitive cost over the past two years.
783
Over 2020-2021 period, the global rice market displayed robust production indicators. Despite a pronounced shortage of shipping containers threatening to disrupt supplies to Africa, the global rice export market continues to expand. India maintains its status as the largest exporter, boasting the most competitive rice export prices.
1403
Global rice consumption amounted to X tons in 2016 (in terms of milled rice weight), posting modest but robust gains from 2007-2016. The total consumption volume increased at an average annual rate of +X%. Over the period under review, the globa
10403
Global rice consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
2135
Global rice exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
1481
Global rice imports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
1533
In 2015, the countries with the highest levels of rice production were China (X thousand tons), India (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
1329
India, despite a slight drop in exports in 2014, continued its dominance in the global rice trade. In 2014, India exported X thousand tons of rice totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arab
60
Explore the top import markets for milled rice and learn about the key statistics and trends in these countries. Discover the role these import markets play in the global rice trade.
