Report Update Nov 1, 2024

Panama - Ghee - Market Analysis, Forecast, Size, Trends and Insights

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Panama: Ghee Market 2024

Ghee Market Size in Panama

The Panamanian ghee market contracted to $X in 2022, waning by -12.6% against the previous year. Overall, consumption, however, recorded prominent growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Ghee Production in Panama

In value terms, ghee production stood at $X in 2022 estimated in export price. Over the period under review, production faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by 7.6%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Ghee Exports

Exports from Panama

In 2019, exports of ghee from Panama skyrocketed to X kg, growing by 20% compared with the year before. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 57%. The exports peaked in 2019 and are likely to continue growth in the immediate term.

In value terms, ghee exports skyrocketed to $X in 2019. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 64% against the previous year. Over the period under review, the exports reached the maximum in 2019 and are likely to see gradual growth in the immediate term.

Exports by Country

Colombia (X kg) was the main destination for ghee exports from Panama, accounting for a 64% share of total exports. It was followed by Guatemala (X kg), with a 1.2% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Colombia amounted to +185.3%.

In value terms, Colombia ($X) emerged as the key foreign market for ghee exports from Panama, comprising 64% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 1.2% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Colombia totaled +185.2%.

Export Prices by Country

In 2019, the average ghee export price amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2013 an increase of 4.7%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2019, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2019, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Guatemala totaled $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+120.0%), while the prices for the other major destinations experienced mixed trend patterns.

Ghee Imports

Imports into Panama

In 2022, ghee imports into Panama dropped notably to X tons, which is down by -26% against the year before. Overall, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 107%. Imports peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, ghee imports fell to $X in 2022. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 117%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, New Zealand (X tons) was the main supplier of ghee to Panama, accounting for a 96% share of total imports. Moreover, ghee imports from New Zealand exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2013 to 2022, the average annual growth rate of volume from New Zealand totaled +176.9%.

In value terms, New Zealand ($X) constituted the largest supplier of ghee to Panama, comprising 97% of total imports. The second position in the ranking was taken by the United States ($X), with a 2.2% share of total imports.

From 2013 to 2022, the average annual rate of growth in terms of value from New Zealand amounted to +222.0%.

Import Prices by Country

The average ghee import price stood at $X per ton in 2022, rising by 27% against the previous year. Over the period under review, the import price enjoyed a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 New Zealand ($X per ton), while the price for the United States totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+16.3%).

Source: IndexBox Platform

This report provides an in-depth analysis of the ghee 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 887 - Ghee from Cow Milk
FCL 953 - Ghee, from Buffalo Milk

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, PRODUCING ANIMALS AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023