Price for Cereal Flours; Other than of Wheat or Meslin in Panama - 2023
Contents:
- Price for Cereal Flours; Other than of Wheat or Meslin in Panama (CIF) - 2023
- Price for Cereal Flours; Other than of Wheat or Meslin in Panama (FOB) - 2022
- Imports of Cereal Flours; Other than of Wheat or Meslin in Panama
- Exports of Cereal Flours; Other than of Wheat or Meslin in Panama
Price for Cereal Flours; Other than of Wheat or Meslin in Panama (CIF) - 2023
The average import price for cereal flours; other than of wheat or meslin stood at $1,017 per ton in November 2023, with a decrease of -8.3% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 when the average import price increased by 12% against the previous month. Over the period under review, average import prices hit record highs at $1,181 per ton in June 2023; however, from July 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Guatemala ($1,444 per ton), while the price for Brazil ($550 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Guatemala (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereal Flours; Other than of Wheat or Meslin in Panama (FOB) - 2022
The average export price for cereal flours; other than of wheat or meslin stood at $951 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 49%. The export price peaked at $2,261 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.
From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +2.8% per year.
Imports of Cereal Flours; Other than of Wheat or Meslin in Panama
In 2022, overseas purchases of cereal flours; other than of wheat or meslin decreased by -19.1% to 5.8K tons, falling for the second consecutive year after two years of growth. Overall, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by 17% against the previous year. As a result, imports attained the peak of 7.9K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cereal flours; other than of wheat or meslin dropped to $6.1M in 2022. Over the period under review, imports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of $8.1M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cereal Flours; Other than of Wheat or Meslin in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 1,821 | 2,810 | 2,052 | 2,280 | 7.8% |
| United States | 2,967 | 3,354 | 2,628 | 2,060 | -11.5% |
| Costa Rica | 918 | 700 | 1,078 | 704 | -8.5% |
| Chile | 285 | 570 | 706 | 554 | 24.8% |
| Guatemala | 45.4 | 39.6 | 130 | 178 | 57.7% |
| Nicaragua | 490 | 276 | 186 | 52.2 | -52.6% |
| Brazil | 136 | 196 | 48.8 | 40.9 | -33.0% |
| Others | 337 | 113 | 108 | 189 | -17.5% |
| Total | 6,999 | 8,059 | 6,937 | 6,058 | -4.7% |
Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Panama in 2022:
- Colombia (2193.9 tons)
- United States (1830.8 tons)
- Chile (677.7 tons)
- Costa Rica (660.0 tons)
- Guatemala (150.9 tons)
- Brazil (51.0 tons)
- Nicaragua (37.2 tons)
Exports of Cereal Flours; Other than of Wheat or Meslin in Panama
Exports of cereal flours; other than of wheat or meslin from Panama amounted to 22 tons in 2022, flattening at the year before. Overall, exports recorded a sharp downturn. The smallest decline of -59.3% was in 2020.
In value terms, exports of cereal flours; other than of wheat or meslin totaled $21K in 2022. In general, exports faced a dramatic decrease. The smallest decline of -54.8% was in 2020.
| Export of Cereal Flours; Other than of Wheat or Meslin in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 7.0 | 3.6 | N/A | 2.9 | -25.5% |
| Cuba | 75.9 | N/A | N/A | N/A | 0% |
| Others | 8.0 | 37.5 | N/A | 17.7 | 30.3% |
| Total | 90.9 | 41.1 | N/A | 20.6 | -39.0% |
Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Panama in 2022:
- Dominican Republic (3.4 tons)
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
