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Panama - Prepared Mustard - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrepared Mustard Price in Panama - 2023
Contents:
- Prepared Mustard Price in Panama (CIF) - 2022
- Prepared Mustard Price in Panama (FOB) - 2022
- Prepared Mustard Imports in Panama
- Prepared Mustard Exports in Panama
Prepared Mustard Price in Panama (CIF) - 2022
In 2022, the average prepared mustard import price amounted to $2,993 per ton, increasing by 30% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared mustard import price increased by +58.0% against 2017 indices. The growth pace was the most rapid in 2013 an increase of 81%. As a result, import price reached the peak level of $3,644 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($6,250 per ton), while the price for the United States ($2,657 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Prepared Mustard Price in Panama (FOB) - 2022
The average prepared mustard export price stood at $1,863 per ton in 2022, stabilizing at the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 84% against the previous year. The export price peaked at $4,321 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Honduras ($1,914 per ton) and Curacao ($1,730 per ton), while the average price for exports to Colombia ($1,660 per ton) and Free Zones ($1,710 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 Colombia (+4.7%), while the prices for the other major destinations experienced a decline.
Prepared Mustard Imports in Panama
In 2022, approx. 788 tons of prepared mustard were imported into Panama; with a decrease of -19.6% compared with the year before. Over the period under review, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. As a result, imports reached the peak of 979 tons, and then contracted dramatically in the following year.
In value terms, prepared mustard imports rose slightly to $2.4M in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Prepared Mustard in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,190 | 1,041 | 1,402 | 1,402 | 5.6% |
El Salvador | 344 | 400 | 529 | 534 | 15.8% |
Germany | 4.1 | 9.0 | 74.0 | 191 | 259.8% |
Canada | 74.8 | 54.2 | 69.3 | 96.0 | 8.7% |
Costa Rica | 36.5 | 29.3 | 37.2 | 27.5 | -9.0% |
Others | 146 | 114 | 139 | 106 | -10.1% |
Total | 1,796 | 1,647 | 2,250 | 2,357 | 9.5% |
Top Suppliers of Prepared Mustard to Panama in 2022:
- United States (527.7 tons)
- El Salvador (169.2 tons)
- Germany (30.6 tons)
- Canada (21.3 tons)
- Costa Rica (11.2 tons)
Prepared Mustard Exports in Panama
For the third year in a row, Panama recorded decline in shipments abroad of prepared mustard, which decreased by 0% to 14 tons in 2022. Over the period under review, exports continue to indicate a deep setback. The smallest decline of -66.8% was in 2020.
In value terms, prepared mustard exports totaled $26K in 2022. Overall, exports saw a abrupt contraction. The smallest decline of -68.6% was in 2020.
Export of Prepared Mustard in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Honduras | N/A | N/A | N/A | 20.2 | 0% |
Free Zones | N/A | N/A | N/A | 3.1 | 0% |
Colombia | N/A | 2.4 | N/A | 1.4 | -23.6% |
Curacao | N/A | N/A | N/A | 1.1 | 0% |
Venezuela | 6.7 | 0.5 | N/A | N/A | -92.5% |
United States | N/A | 2.0 | N/A | N/A | 0% |
Costa Rica | 0.6 | 6.0 | N/A | N/A | 900.0% |
Cuba | 40.7 | 4.3 | N/A | N/A | -89.4% |
Others | 0.5 | N/A | N/A | N/A | 0% |
Total | 48.5 | 15.2 | N/A | 25.7 | -19.1% |
Top Export Markets for Prepared Mustard from Panama in 2022:
- Honduras (10.5 tons)
- Free Zones (1.8 tons)
- Colombia (0.8 tons)
- Curacao (0.6 tons)
This report provides an in-depth analysis of the prepared mustard 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:
- Prodcom 10841253 - Mustard flour and meal
- Prodcom 10841255 - Prepared mustard
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
-
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
- 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 VOLUME AND VALUE
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
- 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
- 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
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