Panama: Pineapple Market 2025

Pineapple Market Size in Panama

The Panamanian pineapple market soared to $X in 2022, picking up by 21% against the previous year. In general, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Pineapple Production in Panama

In value terms, pineapple production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2017 when the production volume increased by 31% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of pineapples in Panama surged to X tons per ha in 2022, with an increase of 29% compared with the previous year. Over the period under review, the yield indicated a perceptible increase from 2012 to 2022: its figure increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pineapple yield decreased by -26.0% against 2019 indices. The pineapple yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The pineapple harvested area in Panama dropped to X ha in 2022, which is down by -6.8% on 2021. Over the period under review, the harvested area showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 16% against the previous year. The pineapple harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Pineapple Exports

Exports from Panama

In 2022, the amount of pineapples exported from Panama dropped to X tons, which is down by -2.3% on 2021 figures. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 0.5% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, pineapple exports contracted slightly to $X in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 3.2% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for pineapple exports from Panama, with a 61% share of total exports. Moreover, pineapple exports to Spain exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. The Netherlands (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-23.1% per year) and the Netherlands (+67.3% per year).

In value terms, Spain ($X) remains the key foreign market for pineapples exports from Panama, comprising 59% of total exports. The second position in the ranking was held by Belgium ($X), with an 8.9% share of total exports. It was followed by the United States, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+8.3% per year) and the United States (-21.5% per year).

Export Prices by Country

In 2022, the average pineapple export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, showed a noticeable descent. The pace of growth was the most pronounced in 2017 when the average export price increased by 10% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the UK ($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 Chile (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Pineapple Imports

Imports into Panama

Pineapple imports into Panama rose sharply to X tons in 2022, surging by 9% on the previous year's figure. In general, imports, however, showed a sharp contraction. The most prominent rate of growth was recorded in 2018 with an increase of 1,753% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, pineapple imports skyrocketed to $X in 2022. Overall, imports, however, saw a precipitous contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 338%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Costa Rica (X tons) constituted the largest supplier of pineapple to Panama, accounting for a 76% share of total imports. Moreover, pineapple imports from Costa Rica exceeded the figures recorded by the second-largest supplier, the United States (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Costa Rica stood at -30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.7% per year) and Colombia (-17.0% per year).

In value terms, the largest pineapple suppliers to Panama were the United States ($X), Costa Rica ($X) and Colombia ($X).

The United States, with a CAGR of +14.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average pineapple import price stood at $X per ton in 2022, rising by 38% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The import price peaked at $X per ton in 2017; however, from 2018 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 the United States ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform