Panama: Fruit And Berry Market 2024

Fruit And Berry Market Size in Panama

In 2022, after three years of decline, there was significant growth in the Panamanian fruit and berry market, when its value increased by X% to $X. Overall, consumption, however, saw a pronounced shrinkage. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Fruit And Berry Production in Panama

In value terms, fruit and berry production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average fruit and berry yield in Panama rose notably to X tons per ha, surging by X% on 2021. In general, the yield, however, recorded a relatively flat trend pattern. The fruit and berry yield peaked at X tons per ha in 2020; however, from 2021 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 fruit and berry harvested area in Panama reduced slightly to X ha in 2022, remaining stable against the previous year. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2015 to 2022, the growth of the fruit and berry harvested area remained at a lower figure.

Fruit And Berry Exports

Exports from Panama

After four years of growth, shipments abroad of fruits and berries decreased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, fruit and berry exports declined significantly to $X in 2022. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then contracted markedly 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 growth rate of volume to the Netherlands stood at 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 ($X) remains the key foreign market for fruits and berries exports from Panama, comprising X% of total exports. The second position in the ranking was held by the United States ($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 rate of growth in terms of value 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).

Export Prices by Country

In 2022, the average fruit and berry export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Spain ($X per ton) and the UK ($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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Fruit And Berry Imports

Imports into Panama

In 2022, approx. X tons of fruits and berries were imported into Panama; falling by X% against the previous year's figure. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2017 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 declined in the following year.

In value terms, fruit and berry imports shrank to $X in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2021, and then fell 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, together accounting for X% of total imports. The Dominican Republic, Spain, Italy and France lagged somewhat behind, together accounting for a further X%.

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

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

In terms of the main suppliers, the Dominican Republic, with a CAGR of X%, recorded 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

The average fruit and berry import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform