Panama: Pineapple Market 2024

Pineapple Market Size in Panama

The Panamanian pineapple market was estimated at $X in 2022, rising by X% against the previous year. Overall, consumption, however, continues to indicate a slight curtailment. Pineapple consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Pineapple Production in Panama

In value terms, pineapple production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The average yield of pineapples in Panama reduced to X tons per ha in 2022, with a decrease of X% on the year before. In general, the yield indicated a prominent increase from 2012 to 2022: its figure 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, pineapple yield increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the average pineapple yield reached the peak level at X tons per ha in 2019; however, from 2020 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The pineapple harvested area in Panama rose to X ha in 2022, with an increase of X% against 2021 figures. Over the period under review, the harvested area, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to pineapple production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Pineapple Exports

Exports from Panama

In 2022, shipments abroad of pineapples decreased by X% to X tons, falling for the ninth consecutive year after two years of growth. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X,694%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, pineapple exports shrank to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X,878%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for pineapple exports from Panama, with a X% share of total exports. Moreover, pineapple exports to Spain exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Spain ($X) remains the key foreign market for pineapples exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with an X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and the United States (X% per year).

Export Prices by Country

The average pineapple export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to the UK ($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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pineapple Imports

Imports into Panama

In 2022, purchases abroad of pineapples increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, recorded a dramatic contraction. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, pineapple imports surged to $X in 2022. Overall, imports, however, recorded a sharp reduction. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Costa Rica (X tons), the United States (X kg) and Colombia (X kg) were the main suppliers of pineapple imports to Panama, together comprising X% of total imports.

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

In value terms, the largest pineapple suppliers to Panama were the United States ($X), Costa Rica ($X) and Colombia ($X).

The United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average pineapple import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price enjoyed a strong increase. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: 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 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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