Panama: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Panama

In 2022, the Panamanian uncooked pasta market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption continues to indicate a perceptible curtailment. Uncooked pasta consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Uncooked Pasta Production in Panama

In value terms, uncooked pasta production skyrocketed to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Uncooked pasta production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Uncooked Pasta Exports

Exports from Panama

After four years of decline, shipments abroad of uncooked pasta increased by X% to X tons in 2022. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, uncooked pasta exports skyrocketed to $X in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Costa Rica (X tons), the United States (X tons) and Honduras (X tons) were the main destinations of uncooked pasta exports from Panama, with a combined X% share of total exports.

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

In value terms, Costa Rica ($X) emerged as the key foreign market for uncooked pasta exports from Panama, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Costa Rica 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 Honduras (X% per year).

Export Prices by Country

In 2022, the average uncooked pasta export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price, however, faced a deep slump. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to the United States ($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 Costa Rica (X%), while the prices for the other major destinations experienced a decline.

Uncooked Pasta Imports

Imports into Panama

In 2022, overseas purchases of uncooked pasta decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, uncooked pasta imports shrank dramatically to $X in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, Peru (X tons) constituted the largest uncooked pasta supplier to Panama, with a X% share of total imports. Moreover, uncooked pasta imports from Peru exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Peru totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

In value terms, the largest uncooked pasta suppliers to Panama were Peru ($X), the United States ($X) and Italy ($X), with a combined X% share of total imports. Costa Rica, China, Mexico and Turkey lagged somewhat behind, together accounting for a further X%.

Costa Rica, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 uncooked pasta import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, saw a drastic downturn. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 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 the United States ($X per ton), while the price for Turkey ($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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