Frozen Yellowfin Tuna Price in Panama - 2023
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Frozen Yellowfin Tuna Price in Panama (FOB) - 2022
The average frozen yellowfin tuna export price stood at $2,319 per ton in 2022, picking up by 50% against the previous year. Over the last six-year period, it increased at an average annual rate of +2.0%. Over the period under review, the average export prices attained the maximum at $2,436 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Barbados ($2,978 per ton), while the average price for exports to Vietnam ($1,250 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Yellowfin Tuna Exports in Panama
In 2022, the amount of frozen yellowfin tuna exported from Panama shrank rapidly to 879 tons, falling by -59.3% compared with 2021 figures. Over the period under review, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 98%. As a result, the exports reached the peak of 2.2K tons, and then reduced notably in the following year.
In value terms, frozen yellowfin tuna exports reduced sharply to $2M in 2022. Overall, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 26%.
| Export of Frozen Yellowfin Tuna in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 261 | 967 | 291 | 1,149 | 63.9% |
| United States | 751 | 738 | 1,968 | 339 | -23.3% |
| Thailand | 50.4 | 138 | 272 | 170 | 50.0% |
| Barbados | 71.4 | 73.5 | 241 | 141 | 25.5% |
| Colombia | 4.1 | 24.5 | 123 | 69.2 | 156.5% |
| Trinidad and Tobago | 11.3 | N/A | 13.2 | 38.0 | 49.8% |
| Vietnam | 23.5 | N/A | 36.4 | 26.5 | 4.1% |
| Japan | 292 | 167 | 131 | 13.1 | -64.5% |
| Portugal | 1,719 | 471 | 7.9 | N/A | -93.2% |
| Others | 295 | 71.9 | 260 | 91.0 | -32.4% |
| Total | 3,479 | 2,651 | 3,343 | 2,038 | -16.3% |
Top Export Markets for Frozen Yellowfin Tuna from Panama in 2022:
- Costa Rica (467.9 tons)
- United States (170.8 tons)
- Thailand (83.0 tons)
- Barbados (47.4 tons)
- Colombia (24.6 tons)
- Vietnam (21.2 tons)
- Trinidad and Tobago (15.9 tons)
- Japan (9.0 tons)
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