Panama: Organ Extracts Market 2024

Organ Extracts Market Size in Panama

After three years of growth, the Panamanian organ extracts market decreased by X% to $X in 2022. Overall, consumption, however, enjoyed resilient growth. Organ extracts consumption peaked at $X in 2021, and then fell dramatically in the following year.

Organ Extracts Production in Panama

In value terms, organ extracts production rose markedly to $X in 2022 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Organ Extracts Exports

Exports from Panama

In 2022, approx. X kg of extracts of glands or other organs or of their secretions were exported from Panama; shrinking by X% on the year before. Overall, exports recorded a precipitous decline. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X kg, and then dropped dramatically in the following year.

In value terms, organ extracts exports fell sharply to $X in 2022. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

Germany (X kg), Canada (X kg) and Spain (X kg) were the main destinations of organ extracts exports from Panama, together accounting for X% of total exports. Moreover, organ extracts exports in Germany exceeded the figures recorded by the second-largest exporter, Canada, twofold.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Canada ($X) appeared to be the largest markets for organ extracts exported from Panama worldwide, together accounting for X% of total exports.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average organ extracts export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, posted a significant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then contracted dramatically in the following year.

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 Spain ($X per ton), while the average price for exports to Canada ($X 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 Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Organ Extracts Imports

Imports into Panama

In 2022, overseas purchases of extracts of glands or other organs or of their secretions decreased by X% to X kg for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a measured expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then fell notably in the following year.

In value terms, organ extracts imports contracted significantly to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, Germany (X kg) constituted the largest organ extracts supplier to Panama, accounting for a X% share of total imports. Moreover, organ extracts imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X kg), sevenfold.

From 2017 to 2022, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Canada (X% per year).

In value terms, Germany ($X) constituted the largest supplier of extracts of glands or other organs or of their secretions to Panama, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2017 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Canada (X% per year).

Import Prices by Country

The average organ extracts import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible decrease. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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