Report Update Nov 1, 2024

Panama - Crude Sunflower-Seed and Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights

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Panama: Market for Crude Sunflower-Seed And Safflower Oil 2024

Market Size for Crude Sunflower-Seed And Safflower Oil in Panama

The Panamanian market for crude sunflower-seed and safflower oil reduced remarkably to $X in 2022, which is down by -94.1% against the previous year. In general, consumption recorded a significant contraction. Crude sunflower-seed and safflower oil consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Crude Sunflower-Seed And Safflower Oil in Panama

In value terms, crude sunflower-seed and safflower oil production amounted to less than $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2015 with a decrease of -10.1% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Panama

In 2022, after two years of growth, there was decline in overseas shipments of crude sunflower-seed and safflower oil, when their volume decreased by -4.5% to X tons. In general, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 25,628%. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell in the following year.

In value terms, crude sunflower-seed and safflower oil exports shrank to $X in 2022. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 26,841%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Israel (X tons) was the main destination for crude sunflower-seed and safflower oil exports from Panama, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Israel totaled +42.2%.

In value terms, Israel ($X) emerged as the key foreign market for crude sunflower-seed and safflower oil exports from Panama.

From 2012 to 2022, the average annual rate of growth in terms of value to Israel amounted to +34.6%.

Export Prices by Country

The average export price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, waning by -2.5% against the previous year. Over the period under review, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 58% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Israel.

From 2012 to 2022, the rate of growth in terms of prices for Israel amounted to -5.3% per year.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Panama

In 2022, crude sunflower-seed and safflower oil imports into Panama shrank remarkably to X kg, reducing by -99.4% compared with 2021. Over the period under review, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2016 with an increase of 3,266%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, crude sunflower-seed and safflower oil imports contracted sharply to $X in 2022. In general, imports showed a sharp downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 2,595% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X kg) was the main crude sunflower-seed and safflower oil supplier to Panama, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -46.3%.

In value terms, the United States ($X) constituted the largest supplier of crude sunflower-seed and safflower oil to Panama.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to -49.6%.

Import Prices by Country

The average import price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, shrinking by -62.1% against the previous year. Over the period under review, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2021 an increase of 135%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +5.0% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil 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 268 - Oil of Sunflower Seed
FCL 281 - Oil of Safflower Seed

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