Panama: Mandarin And Clementine Market 2025

Mandarin And Clementine Market Size in Panama

The Panamanian mandarin and clementine market expanded significantly to $X in 2022, increasing by 9.1% against the previous year. Overall, consumption, however, showed buoyant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Mandarin And Clementine Production in Panama

In value terms, mandarin and clementine production stood at $X in 2022 estimated in export price. In general, production showed a sharp slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 35% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

In 2022, the average yield of tangerines, mandarins, clementines, satsumas in Panama totaled less than X kg per ha, almost unchanged from the year before. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the mandarin and clementine harvested area in Panama amounted to less than X ha, therefore, remained relatively stable against 2021 figures. In general, the harvested area saw a relatively flat trend pattern.

Mandarin And Clementine Exports

Exports from Panama

In 2022, shipments abroad of tangerines, mandarins, clementines, satsumas decreased by -69.2% to X tons, falling for the second year in a row after three years of decline. In general, exports continue to indicate a deep contraction. The smallest decline of -15.1% was in 2021. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, mandarin and clementine exports dropped significantly to $X in 2022. Overall, exports showed a deep slump. The growth pace was the most rapid in 2021 when exports increased by 140% against the previous year. As a result, the exports reached the peak of $X, and then fell remarkably in the following year.

Exports by Country

Bahrain (X tons) was the main destination for mandarin and clementine exports from Panama, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain amounted to -1.4%.

In value terms, Bahrain ($X) emerged as the key foreign market for tangerines, mandarins, clementines, satsumas exports from Panama.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain stood at +13.2%.

Export Prices by Country

The average mandarin and clementine export price stood at $X per ton in 2022, dropping by -33.2% against the previous year. Overall, the export price, however, posted a buoyant increase. The growth pace was the most rapid in 2021 an increase of 183%. As a result, the export price attained the peak level of $X per ton, and then dropped notably in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to +28.1% per year.

Mandarin And Clementine Imports

Imports into Panama

In 2022, after three years of growth, there was decline in purchases abroad of tangerines, mandarins, clementines, satsumas, when their volume decreased by -0.8% to X tons. In general, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 29% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank slightly in the following year.

In value terms, mandarin and clementine imports amounted to $X in 2022. Overall, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 43%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Peru (X tons), Spain (X tons) and the United States (X tons) were the main suppliers of mandarin and clementine imports to Panama, together accounting for 98% of total imports.

From 2017 to 2022, the biggest increases were recorded for the United States (with a CAGR of +22.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Spain ($X) and the United States ($X) appeared to be the largest mandarin and clementine suppliers to Panama, together accounting for 98% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +41.9%, saw the highest rates of growth with regard to 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 mandarin and clementine import price stood at $X per ton in 2022, picking up by 9.2% against the previous year. Over the last five-year period, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain 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 the United States ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform