Panama: Prepared Drier Market 2024

Prepared Drier Market Size in Panama

The Panamanian prepared drier market contracted to $X in 2022, with a decrease of X% against the previous year. Over the period under review, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Prepared Drier Production in Panama

In value terms, prepared drier production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X%. Prepared drier production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Prepared Drier Exports

Exports from Panama

Prepared drier exports from Panama amounted to X tons in 2022, increasing by X% on 2021 figures. Over the period under review, exports, however, saw a sharp contraction. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, prepared drier exports reduced to $X in 2022. In general, exports, however, faced a dramatic curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X tons) was the main destination for prepared drier exports from Panama, with a X% share of total exports. Moreover, prepared drier exports to Venezuela exceeded the volume sent to the second major destination, Colombia (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Venezuela totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Costa Rica (X% per year).

In value terms, Venezuela ($X) remains the key foreign market for prepared driers exports from Panama, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Venezuela amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Costa Rica (X% per year).

Export Prices by Country

In 2022, the average prepared drier export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared drier export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

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 Venezuela ($X per ton), while the average price for exports to Colombia ($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 Venezuela (X%), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Drier Imports

Imports into Panama

In 2022, overseas purchases of prepared driers decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, prepared drier imports fell notably to $X in 2022. In general, imports saw a precipitous slump. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mexico (X tons) constituted the largest prepared drier supplier to Panama, accounting for a X% share of total imports. Moreover, prepared drier imports from Mexico exceeded the figures recorded by the second-largest supplier, Costa Rica (X tons), fourfold. El Salvador (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and El Salvador (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of prepared driers to Panama, comprising X% of total imports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average prepared drier import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average 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 ($X per ton), while the price for Brazil ($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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform