Panama: Fruit And Berry Market 2024

Fruit And Berry Market Size in Panama

The Panamanian fruit and berry market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Fruit and berry consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Fruit And Berry Production in Panama

In value terms, fruit and berry production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Fruit and berry production peaked at $X in 2020; afterwards, it flattened through to 2022.

The average yield of fruits and berries in Panama reached X tons per ha in 2022, rising by X% against 2021 figures. Over the period under review, the yield, however, recorded a relatively flat trend pattern. Over the period under review, the average fruit and berry yield hit record highs at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of fruits and berries were harvested in Panama; stabilizing at the previous year. In general, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the fruit and berry harvested area failed to regain momentum.

Fruit And Berry Exports

Exports from Panama

In 2022, overseas shipments of fruits and berries decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank rapidly in the following year.

In value terms, fruit and berry exports reduced remarkably to $X in 2022. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for fruit and berry exports from Panama, accounting for a X% share of total exports. Moreover, fruit and berry exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for fruits and berries exports from Panama, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

Export Prices by Country

The average fruit and berry export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per ton) and Spain ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fruit And Berry Imports

Imports into Panama

In 2022, the amount of fruits and berries imported into Panama fell to X tons, declining by X% against the previous year's figure. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, fruit and berry imports fell to $X in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

Chile (X tons), Peru (X tons) and the United States (X tons) were the main suppliers of fruit and berry imports to Panama, with a combined X% share of total imports. The Dominican Republic, Spain, Italy, France and Costa Rica lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Chile ($X) and the United States ($X) appeared to be the largest fruit and berry suppliers to Panama, with a combined X% share of total imports. Spain, Italy, the Dominican Republic, France and Costa Rica lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, France, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average fruit and berry import price amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 the United States ($X per ton), while the price for the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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