Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Panama - 2022

Contents:

1. Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Panama (CIF) - 2022
2. Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Panama (FOB) - 2022
3. Imports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Panama
4. Exports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Panama

Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Panama (CIF) - 2022

The average import price for plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants stood at $0.3 per unit in 2022, jumping by 26% against the previous year. Overall, the import price saw a remarkable increase. The pace of growth was the most pronounced in 2016 an increase of 210% against the previous year. Over the period under review, average import prices reached the maximum at $0.5 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($0.3 per unit), while the price for Costa Rica ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.9%), while the prices for the other major suppliers experienced a decline.

Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Panama (FOB) - 2022

The average export price for plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants stood at $1.8 per unit in 2020, falling by -42.8% against the previous year. In general, the export price, however, saw a significant expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices reached the peak figure at $3.1 per unit in 2019, and then shrank remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Guatemala.

From 2012 to 2020, the rate of growth in terms of prices for Germany amounted to +18.0% per year.

Imports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Panama

In 2022, imports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants into Panama fell notably to 9.7K units, which is down by -95.2% against the year before. Overall, imports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 127% against the previous year. Imports peaked at 224K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants declined dramatically to $2.7K in 2022. Over the period under review, imports faced a significant decline. The pace of growth was the most pronounced in 2021 when imports increased by 217% against the previous year. As a result, imports reached the peak of $44K, and then fell rapidly in the following year.

Top Suppliers of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant to Panama in 2022:

1. United States (8.1K units)
2. Netherlands (1.2K units)
3. Costa Rica (0.3K units)

Exports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Panama

In 2020, the amount of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants exported from Panama soared to 1.3K units, growing by 164% compared with 2019 figures. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants surged to $2.4K in 2020. In general, total exports indicated significant growth from 2019 to 2020: its value increased at an average annual rate of +50.9% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant from Panama in 2022:

1. Guatemala (1.3K units)

Source: IndexBox Market Intelligence Platform