Panama - Plantains - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlantain Price in Panama - 2023
Contents:
- Plantain Price in Panama (FOB) - 2022
- Plantain Price in Panama (CIF) - 2022
- Plantain Exports in Panama
- Plantain Imports in Panama
Plantain Price in Panama (FOB) - 2022
In 2022, the average plantain export price amounted to $762 per ton, with an increase of 9.6% against the previous year. Over the period under review, the export price, however, continues to indicate a dramatic slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 27%. The export price peaked at $7,909 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($862 per ton) and Spain ($793 per ton), while the average price for exports to Costa Rica ($670 per ton) and the United States ($715 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.
Plantain Price in Panama (CIF) - 2022
In 2022, the average plantain import price amounted to $3,647 per ton, rising by 18% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 an increase of 429% against the previous year. Over the period under review, average import prices reached the peak figure at $6,964 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2015 to 2022, the rate of growth in terms of prices for Ecuador amounted to +20.9% per year.
Plantain Exports in Panama
In 2022, overseas shipments of plantains decreased by -19.3% to 771 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 2,355% against the previous year.
In value terms, plantain exports fell to $587K in 2022. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 2,400% against the previous year.
Export of Plantain in Panama (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | N/A | N/A | 79.4 | 330 | 315.6% |
United States | N/A | 385 | 585 | 236 | -21.7% |
United Kingdom | N/A | N/A | N/A | 20.5 | 0% |
Others | 15.4 | N/A | N/A | 0.5 | -68.1% |
Total | 15.4 | 385 | 664 | 587 | 236.5% |
Top Export Markets for Plantain from Panama in 2022:
- Spain (416.5 tons)
- United States (329.9 tons)
- United Kingdom (23.8 tons)
Plantain Imports in Panama
After two years of decline, overseas purchases of plantains increased by 2,139% to 9.5 tons in 2022. Overall, imports, however, saw a significant decline.
In value terms, plantain imports surged to $35K in 2022. Over the period under review, imports, however, recorded a precipitous slump.
Import of Plantain in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | N/A | 0.7 | 0.9 | 34.8 | 605.1% |
Ecuador | 232 | N/A | N/A | N/A | 0% |
Costa Rica | 4.9 | N/A | N/A | N/A | 0% |
Others | N/A | 0.4 | 0.4 | N/A | 0.0% |
Total | 237 | 1.1 | 1.3 | 34.8 | -47.2% |
Top Suppliers of Plantain to Panama in 2022:
- United States (9.5 tons)
This report provides an in-depth analysis of the plantain market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 489 - Plantains
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the plantain market in Panama.
This report provides an in-depth analysis of the banana and plantain market in Panama.
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This report provides an in-depth analysis of the global plantain market.
This report provides an in-depth analysis of the global banana and plantain market.
This report provides an in-depth analysis of the global banana market.
This report provides an in-depth analysis of the plantain market in Panama.
This report provides an in-depth analysis of the banana and plantain market in Panama.
This report provides an in-depth analysis of the banana market in Panama.
This report provides an in-depth analysis of the global plantain market.
Explore the top import markets for plantain and discover the countries with the highest import values. Find out key statistics and market insights using data from the IndexBox market intelligence platform.
Global plantain imports continue a two-year downward trend, decreasing by -15.1% y-o-y to 958K tons in 2020. While El Salvador, the second-largest importer worldwide, reduces the purchases from abroad, American and European imports steadily grow. In physical terms, supplies to the U.S. jumped by +7.6% y-o-y to 406K tons. European imports increased by +1.2% y-o-y, reaching 274K tons last year. In 2020, the average plantain import price rose slightly by +1.8% y-o-y.
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