Report Update Apr 1, 2024

Panama - Crude Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

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Panama: Crude Palm Oil Market 2024

Crude Palm Oil Market Size in Panama

The Panamanian crude palm oil market reached $X in 2022, almost unchanged from the previous year. Overall, consumption saw a prominent expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Crude Palm Oil Production in Panama

In value terms, crude palm oil production rose notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Crude palm oil production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Crude Palm Oil Exports

Exports from Panama

Crude palm oil exports from Panama surged to X tons in 2022, with an increase of X% compared with 2021 figures. In general, exports showed a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, crude palm oil exports rose modestly to $X in 2022. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for crude palm oil exports from Panama, accounting for a X% share of total exports. Moreover, crude palm oil exports to Mexico exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was held by Switzerland (X tons), with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Switzerland (X% per year).

In value terms, Mexico ($X) remains the key foreign market for crude palm oil exports from Panama, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Switzerland (X% per year).

Export Prices by Country

The average crude palm oil export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price saw a mild descent. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank significantly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Nicaragua ($X per ton) and Costa Rica ($X per ton), while the average price for exports to Switzerland ($X per ton) and Morocco ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Palm Oil Imports

Imports into Panama

For the third consecutive year, Panama recorded decline in overseas purchases of crude palm oil, which decreased by X% to X tons in 2019. Overall, imports faced a precipitous slump. The smallest decline of X% was in 2017. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, crude palm oil imports stood at $X in 2019. Over the period under review, imports continue to indicate a significant contraction. The smallest decline of X% was in 2017. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2019, imports failed to regain momentum.

Imports by Country

In 2019, Indonesia (X tons) was the main crude palm oil supplier to Panama, accounting for a X% share of total imports. It was followed by Costa Rica (X kg), with a X% share of total imports.

From 2016 to 2019, the average annual growth rate of volume from Indonesia stood at X%.

In value terms, Indonesia ($X) constituted the largest supplier of crude palm oil to Panama, comprising X% of total imports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total imports.

From 2016 to 2019, the average annual growth rate of value from Indonesia amounted to X%.

Import Prices by Country

The average crude palm oil import price stood at $X per ton in 2019, stabilizing at the previous year. Overall, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2019, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was Costa Rica ($X per ton), while the price for Indonesia totaled $X per ton.

From 2016 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in the world?

Indonesia constituted the country with the largest volume of crude palm oil consumption, accounting for 54% of total volume. Moreover, crude palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Malaysia, threefold. The third position in this ranking was taken by India, with an 8.5% share.

What are the largest producers of crude palm oil in the world?

The country with the largest volume of crude palm oil production was Indonesia, comprising approx. 59% of total volume. Moreover, crude palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. The third position in this ranking was taken by Thailand, with a 3.6% share.

What are the leading suppliers of crude palm oil to Panama?

In value terms, Indonesia constituted the largest supplier of crude palm oil to Panama, comprising 98% of total imports. The second position in the ranking was held by Costa Rica $115), with a 0.8% share of total imports.

What are the leading importers of crude palm oil from Panama?

In value terms, Mexico remains the key foreign market for crude palm oil exports from Panama, comprising 61% of total exports. The second position in the ranking was held by the Netherlands, with a 17% share of total exports. It was followed by Switzerland, with a 5.7% share.

What is the average export price for crude palm oil in Panama?

In 2022, the average crude palm oil export price amounted to $655 per ton, which is down by -21.1% against the previous year.

What is the average import price for crude palm oil in Panama?

The average crude palm oil import price stood at $541 per ton in 2019, standing approx. at the previous year.

This report provides an in-depth analysis of the crude palm oil 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 257 - Oil of palm

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023