Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Panama - 2024
Contents:
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Panama (CIF) - 2022
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Panama (FOB) - 2022
- Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Panama
- Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Panama
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Panama (CIF) - 2022
In 2022, the average import price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg amounted to $4,309 per ton, declining by -10.8% against the previous year. Over the period under review, the import price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2017 when the average import price increased by 83%. As a result, import price attained the peak level of $10,033 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
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 Argentina ($19,483 per ton), while the price for the Dominican Republic ($1,723 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Panama (FOB) - 2022
In 2022, the average export price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg amounted to $7,173 per ton, with an increase of 12% against the previous year. In general, the export price, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2020 an increase of 51%. Over the period under review, the average export prices reached the peak figure at $8,761 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($50,658 per ton), while the average price for exports to Venezuela ($5,539 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+40.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Panama
In 2022, approx. 27 tons of tea, green; (not fermented), in immediate packings of a content exceeding 3kg were imported into Panama; growing by 38% on 2021. Over the period under review, total imports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +3.7% 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 +82.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg skyrocketed to $117K in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.8 | 15.9 | 2.3 | 22.1 | 17.0% |
| Argentina | 20.4 | 13.3 | 19.2 | 21.3 | 1.4% |
| Italy | 17.9 | 10.3 | 13.2 | 12.9 | -10.3% |
| China | 8.2 | 19.2 | 17.2 | 12.8 | 16.0% |
| Hong Kong SAR | 7.4 | 7.7 | 9.7 | 9.4 | 8.3% |
| Free Zones | 4.0 | 2.3 | 11.4 | 7.8 | 24.9% |
| Colombia | 3.6 | 2.6 | 4.1 | 4.9 | 10.8% |
| Dominican Republic | N/A | N/A | N/A | 3.8 | 0% |
| Japan | 2.3 | 0.4 | 2.2 | 3.8 | 18.2% |
| Costa Rica | 9.4 | 6.6 | 2.0 | 3.5 | -28.1% |
| Spain | 1.5 | 0.3 | 0.3 | 2.2 | 13.6% |
| Ecuador | 1.6 | 1.2 | 2.9 | 2.2 | 11.2% |
| India | 2.0 | 1.8 | 2.1 | 1.9 | -1.7% |
| Others | 10.3 | 5.2 | 8.2 | 8.3 | -6.9% |
| Total | 102 | 86.7 | 94.6 | 117 | 4.7% |
Top Suppliers of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg to Panama in 2022:
- United States (6.2 tons)
- Italy (4.8 tons)
- China (3.8 tons)
- Dominican Republic (2.2 tons)
- Hong Kong SAR (1.7 tons)
- India (1.1 tons)
- Argentina (1.1 tons)
- Free Zones (1.1 tons)
- Costa Rica (0.9 tons)
- Ecuador (0.7 tons)
- Colombia (0.6 tons)
- Spain (0.5 tons)
- Japan (0.5 tons)
Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Panama
In 2022, the amount of tea, green; (not fermented), in immediate packings of a content exceeding 3kg exported from Panama reduced markedly to 923 kg, dropping by -20.2% against 2021. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year.
In value terms, exports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg contracted to $6.6K in 2022. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year.
| Export of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 2.4 | 2.5 | 4.2 | 3.5 | 13.4% |
| Dominican Republic | 4.0 | 1.6 | 2.7 | 2.3 | -16.8% |
| Guatemala | N/A | 0.1 | 0.2 | 0.7 | 164.6% |
| Barbados | N/A | 0.3 | N/A | N/A | 0% |
| Costa Rica | 2.4 | N/A | N/A | N/A | 0% |
| Jamaica | N/A | N/A | N/A | N/A | 0% |
| Others | 0.2 | 1.2 | 0.3 | 0.1 | -20.6% |
| Total | 9.1 | 5.8 | 7.4 | 6.6 | -10.2% |
Top Export Markets for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg from Panama in 2022:
- Venezuela (638.0 kg)
- Dominican Republic (259.0 kg)
- Guatemala (14.0 kg)
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