Panama: Cucumber And Gherkin Market 2024

Cucumber And Gherkin Market Size in Panama

The Panamanian cucumber and gherkin market was estimated at $X in 2023, picking up by X% against the previous year. Over the period under review, consumption, however, saw a resilient increase. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Cucumber And Gherkin Production in Panama

In value terms, cucumber and gherkin production surged to $X in 2023 estimated in export price. In general, production, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

The average yield of cucumbers and gherkins in Panama declined slightly to X tons per ha in 2023, approximately mirroring the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of X%. The cucumber and gherkin yield peaked at X tons per ha in 2022, and then reduced slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the cucumber and gherkin harvested area in Panama contracted slightly to X ha, standing approx. at the year before. In general, the harvested area, however, showed resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The cucumber and gherkin harvested area peaked at X ha in 2022, and then dropped in the following year.

Cucumber And Gherkin Exports

Exports from Panama

Cucumber and gherkin exports from Panama dropped significantly to X tons in 2023, falling by X% on the year before. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, cucumber and gherkin exports declined dramatically to $X in 2023. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Austria (X tons) was the main destination for cucumber and gherkin exports from Panama, with a X% share of total exports. It was followed by Slovenia (X kg), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to Austria stood at X%.

In value terms, Austria ($X) remains the key foreign market for cucumbers and gherkins exports from Panama, comprising X% of total exports. The second position in the ranking was held by Slovenia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Austria amounted to X%.

Export Prices by Country

In 2023, the average cucumber and gherkin export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Austria stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%).

Cucumber And Gherkin Imports

Imports into Panama

In 2023, the amount of cucumbers and gherkins imported into Panama soared to X tons, picking up by X% against 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, cucumber and gherkin imports soared to $X in 2023. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Brazil (X tons) constituted the largest supplier of cucumber and gherkin to Panama, with a X% share of total imports. Moreover, cucumber and gherkin imports from Brazil exceeded the figures recorded by the second-largest supplier, Costa Rica (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and the United States (X% per year).

In value terms, Brazil ($X), the United States ($X) and Costa Rica ($X) constituted the largest cucumber and gherkin suppliers to Panama, with a combined X% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cucumber and gherkin import price stood at $X per ton in 2023, surging by X% against the previous year. Overall, import price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cucumber and gherkin import price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. The import price peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform