Panama: Market for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades 2025

Market Size for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Panama

The Panamanian homogenised jam and marmalade market declined rapidly to $X in 2022, which is down by -33.6% against the previous year. Overall, consumption saw a pronounced decrease. Homogenised jam and marmalade consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Panama

In value terms, homogenised jam and marmalade production surged to $X in 2022 estimated in export price. In general, production, however, recorded a dramatic curtailment. Homogenised jam and marmalade production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Exports from Panama

In 2022, overseas shipments of homogenised preparations of jams, fruit jellies and marmalades decreased by -5.1% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 177% against the previous year. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, homogenised jam and marmalade exports contracted slightly to $X in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 320%. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank modestly in the following year.

Exports by Country

The United States (X tons) was the main destination for homogenised jam and marmalade exports from Panama, accounting for a 79% share of total exports. Moreover, homogenised jam and marmalade exports to the United States exceeded the volume sent to the second major destination, Cuba (X kg), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+47.0% per year) and Bermuda (+47.6% per year).

In value terms, the United States ($X) remains the key foreign market for homogenised preparations of jams, fruit jellies and marmalades exports from Panama, comprising 79% of total exports. The second position in the ranking was taken by Cuba ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+45.2% per year) and Bermuda (-23.0% per year).

Export Prices by Country

In 2022, the average homogenised jam and marmalade export price amounted to $X per ton, growing by 1.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 52% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Bermuda ($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 Cuba (-1.2%), while the prices for the other major destinations experienced a decline.

Imports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Imports into Panama

Homogenised jam and marmalade imports into Panama shrank dramatically to X tons in 2022, reducing by -40% compared with 2021. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 72,588% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell rapidly in the following year.

In value terms, homogenised jam and marmalade imports declined significantly to $X in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 56,919% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then fell sharply in the following year.

Imports by Country

In 2022, Costa Rica (X tons) constituted the largest supplier of homogenised jam and marmalade to Panama, with a 63% share of total imports. Moreover, homogenised jam and marmalade imports from Costa Rica exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Costa Rica stood at +85.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+65.7% per year) and Chile (+44.4% per year).

In value terms, Costa Rica ($X) constituted the largest supplier of homogenised preparations of jams, fruit jellies and marmalades to Panama, comprising 67% of total imports. The second position in the ranking was held by Mexico ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Costa Rica stood at +92.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+73.3% per year) and Chile (+55.6% per year).

Import Prices by Country

In 2022, the average homogenised jam and marmalade import price amounted to $X per ton, rising by 14% against the previous year. Over the last decade, it increased at an average annual rate of +5.1%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 46%. The import price peaked at $X per ton in 2014; however, from 2015 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 Costa Rica ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform