Price for Cheese of All Kinds, Grated or Powdered in Panama - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Panama (CIF) - 2023
- Price for Cheese of All Kinds, Grated or Powdered in Panama (FOB) - 2022
- Imports of Cheese of All Kinds, Grated or Powdered in Panama
- Exports of Cheese of All Kinds, Grated or Powdered in Panama
Price for Cheese of All Kinds, Grated or Powdered in Panama (CIF) - 2023
The average import price for cheese of all kinds, grated or powdered stood at $5,307 per ton in November 2023, dropping by -1.9% against the previous month. In general, the import price saw a mild descent. The most prominent rate of growth was recorded in September 2023 an increase of 12% month-to-month. Over the period under review, average import prices hit record highs at $6,440 per ton in February 2023; however, from March 2023 to November 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($5,292 per ton), while the price for Denmark totaled $4,006 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (-0.9%).
Price for Cheese of All Kinds, Grated or Powdered in Panama (FOB) - 2022
In 2022, the average export price for cheese of all kinds, grated or powdered amounted to $5,590 per ton, approximately equating the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices hit record highs at $8,918 per ton in 2016; however, from 2017 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 ($7,851 per ton), while the average price for exports to the United States stood at $2,977 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-5.4%).
Imports of Cheese of All Kinds, Grated or Powdered in Panama
In 2022, the amount of cheese of all kinds, grated or powdered imported into Panama declined dramatically to 3K tons, with a decrease of -17.4% against 2021 figures. In general, imports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 37%. As a result, imports attained the peak of 3.6K tons, and then shrank dramatically in the following year.
In value terms, imports of cheese of all kinds, grated or powdered shrank modestly to $17M in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, imports attained the peak of $18M, and then contracted in the following year.
| Import of Cheese of All Kinds, Grated or Powdered in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.8 | 14.3 | 16.9 | 16.2 | 0.8% |
| Denmark | 0.3 | 0.3 | 0.5 | 0.6 | 26.0% |
| Others | 0.3 | 0.7 | 0.7 | 0.6 | 26.0% |
| Total | 16.3 | 15.3 | 18.1 | 17.4 | 2.2% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Panama in 2022:
- United States (2788.4 tons)
- Denmark (104.0 tons)
Exports of Cheese of All Kinds, Grated or Powdered in Panama
In 2022, shipments abroad of cheese of all kinds, grated or powdered decreased by -0.2% to 7.2 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 589%.
In value terms, exports of cheese of all kinds, grated or powdered declined slightly to $40K in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 583% against the previous year.
| Export of Cheese of All Kinds, Grated or Powdered in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | N/A | N/A | N/A | 30.4 | 0% |
| United States | 5.5 | 26.4 | 40.4 | 10.0 | 22.1% |
| Others | 0.4 | 13.9 | N/A | N/A | 3375.0% |
| Total | 5.9 | 40.2 | 40.4 | 40.3 | 89.7% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Panama in 2022:
- Guatemala (3.9 tons)
- United States (3.3 tons)
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