Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Panama - 2023
Contents:
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Panama (CIF) - 2023
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Panama (FOB) - 2022
- Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Panama
- Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Panama
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Panama (CIF) - 2023
The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,711 per ton in November 2023, surging by 22% against the previous month. In general, the import price, however, showed a perceptible descent. The growth pace was the most rapid in September 2023 when the average import price increased by 40% m-o-m. Over the period under review, average import prices hit record highs at $2,487 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Costa Rica ($3,986 per ton), while the price for China ($728 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Spain (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Panama (FOB) - 2022
The average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,400 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price showed a slight downturn. The growth pace was the most rapid in 2017 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices hit record highs at $2,323 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Curacao.
From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +7.2% per year.
Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Panama
In 2022, after three years of growth, there was significant decline in overseas purchases of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid, when their volume decreased by -27.7% to 7K tons. In general, total imports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +3.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. As a result, imports attained the peak of 9.7K tons, and then dropped dramatically in the following year.
In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid rose remarkably to $13M in 2022. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 55%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.8 | 2.9 | 3.5 | 5.9 | 48.5% |
| Chile | 1.9 | 1.5 | 2.6 | 2.6 | 11.0% |
| Italy | 0.8 | 0.6 | 1.3 | 1.6 | 26.0% |
| China | 0.7 | 1.1 | 2.1 | 1.2 | 19.7% |
| Costa Rica | 0.6 | 0.8 | 0.9 | 1.0 | 18.6% |
| Spain | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Others | N/A | N/A | 0.5 | 0.1 | -80.0% |
| Total | 6.0 | 7.2 | 11.1 | 12.5 | 27.7% |
Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Panama in 2022:
- United States (2.8K tons)
- Italy (1.2K tons)
- China (1.2K tons)
- Chile (1.2K tons)
- Costa Rica (0.4K tons)
- Spain (0.2K tons)
Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Panama
In 2022, shipments abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid decreased by -99.8% to 613 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 147% against the previous year.
In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid dropped remarkably to $858 in 2022. Over the period under review, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2020 when exports increased by 116% against the previous year.
| Export of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Curacao | N/A | N/A | N/A | 0.9 | 0% |
| Venezuela | 6.7 | 89.6 | N/A | N/A | 1237.3% |
| Peru | 63.8 | N/A | N/A | N/A | 0% |
| Chile | 2.3 | 72.6 | N/A | N/A | 3056.5% |
| Costa Rica | 42.9 | N/A | N/A | N/A | 0% |
| Colombia | 7.6 | 57.1 | N/A | N/A | 651.3% |
| Brazil | N/A | N/A | 457 | N/A | 0% |
| Others | 14.1 | 78.2 | N/A | N/A | 454.6% |
| Total | 137 | 297 | 457 | 0.9 | -81.3% |
Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Panama in 2022:
- Curacao (613.0 kg)
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