Price for Fresh or Chilled Cabbage Lettuce in Panama - 2024

Contents:

  1. Price for Fresh or Chilled Cabbage Lettuce in Panama (CIF) - 2022
  2. Imports of Fresh or Chilled Cabbage Lettuce in Panama

Price for Fresh or Chilled Cabbage Lettuce in Panama (CIF) - 2022

The average import price for fresh or chilled cabbage lettuce stood at $3,359 per ton in 2022, picking up by 19% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of +4.6%. The pace of growth was the most pronounced in 2019 an increase of 34%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

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 Mexico ($5,947 per ton), while the price for Costa Rica ($1,602 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Fresh or Chilled Cabbage Lettuce in Panama

In 2022, after three years of growth, there was significant decline in supplies from abroad of fresh or chilled cabbage lettuce, when their volume decreased by -31.1% to 83 tons. Overall, total imports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 41% against the previous year. As a result, imports attained the peak of 120 tons, and then shrank significantly in the following year.

In value terms, fresh or chilled cabbage lettuce imports contracted dramatically to $279K in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, imports reached the peak of $341K, and then shrank markedly in the following year.

Import of Fresh or Chilled Cabbage Lettuce in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States10412319615915.2%
Colombia98.910312495.3-1.2%
Brazil17.717.415.920.75.4%
Costa Rica0.70.92.22.144.2%
Others1.62.82.32.19.5%
Total2232463412797.8%

Top Suppliers of Fresh or Chilled Cabbage Lettuce to Panama in 2022:

  1. United States (46.4 tons)
  2. Colombia (25.2 tons)
  3. Brazil (9.8 tons)
  4. Costa Rica (1.3 tons)

Source: IndexBox Market Intelligence Platform

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