Frozen Skipjack Tuna Price in Panama - 2022

Contents:

1. Frozen Skipjack Tuna Price in Panama (FOB) - 2022
2. Frozen Skipjack Tuna Price in Panama (CIF) - 2022
3. Frozen Skipjack Tuna Exports in Panama
4. Frozen Skipjack Tuna Imports in Panama

Frozen Skipjack Tuna Price in Panama (FOB) - 2022

In 2022, the average frozen skipjack tuna export price amounted to $1,492 per ton, increasing by 11% against the previous year. Overall, the export price, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices reached the maximum at $2,090 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($2,268 per ton), while the average price for exports to Ecuador ($926 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 Peru (-0.7%), while the prices for the other major destinations experienced a decline.

Frozen Skipjack Tuna Price in Panama (CIF) - 2022

In 2022, the average frozen skipjack tuna import price amounted to $1,479 per ton, rising by 31% against the previous year. In general, the import price recorded moderate growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 52% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($3,877 per ton), while the price for Turkey ($672 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+50.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Frozen Skipjack Tuna Exports in Panama

After two years of decline, overseas shipments of frozen skipjack tuna increased by 43% to 15K tons in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen skipjack tuna exports skyrocketed to $22M in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Frozen Skipjack Tuna from Panama in 2022:

1. El Salvador (4.1K tons)
2. Ecuador (3.5K tons)
3. Turkey (1.9K tons)
4. Spain (1.4K tons)
5. Tunisia (0.9K tons)
6. Thailand (0.4K tons)
7. Peru (0.3K tons)

Frozen Skipjack Tuna Imports in Panama

For the fourth consecutive year, Panama recorded growth in overseas purchases of frozen skipjack tuna, which increased by 270% to 704 tons in 2022. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen skipjack tuna imports surged to $1M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Frozen Skipjack Tuna to Panama in 2022:

1. Spain (350.1 tons)
2. Turkey (2.6 tons)
3. Brazil (0.6 tons)

Source: IndexBox Market Intelligence Platform