Price for Vegetable Saps and Extracts; Opium in Panama - 2022

Price for Vegetable Saps and Extracts; Opium in Panama (CIF) - 2022

In 2021, the average import price for vegetable saps and extracts; opia amounted to $73,500 per ton, rising by 4.3% against the previous year. Over the period under review, the import price recorded a significant increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 245% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +28.7% per year.

Imports of Vegetable Saps and Extracts; Opium in Panama

In 2021, approx. 6 kg of vegetable saps and extracts; opia were imported into Panama; with a decrease of -96% compared with 2020. In general, imports continue to indicate a significant decline.

In value terms, vegetable saps and extracts; opium imports contracted markedly to $441 in 2021. Over the period under review, imports continue to indicate a sharp decline.