Price for Crustacean Preparations; Lobster, Prepared or Preserved in Panama - 2022

Contents:

  1. Price for Crustacean Preparations; Lobster, Prepared or Preserved in Panama (CIF) - 2022
  2. Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Panama

Price for Crustacean Preparations; Lobster, Prepared or Preserved in Panama (CIF) - 2022

The average import price for crustacean preparations; lobster, prepared or preserveds stood at $9,703 per ton in 2022, reducing by -7.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 60% against the previous year. Over the period under review, average import prices hit record highs at $23,679 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -0.1% per year.

Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Panama

For the fourth consecutive year, Panama recorded growth in purchases abroad of crustacean preparations; lobster, prepared or preserveds, which increased by 242% to 1.9 tons in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of crustacean preparations; lobster, prepared or preserveds skyrocketed to $19K in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Crustacean Preparations; Lobster, Prepared or Preserved in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States6.66.35.918.841.8%
OthersN/AN/AN/AN/A0%
Total6.66.35.918.841.8%

Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to Panama in 2022:

  1. United States (1.9 tons)

Source: IndexBox Market Intelligence Platform

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