![Panama - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights](/landing/img/reports/panama-refined-palm-oil-market-analysis-forecast-size-trends-and-insights.webp)
Panama - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRefined Palm Oil Price in Panama - 2023
Contents:
- Refined Palm Oil Price in Panama (CIF) - 2023
- Refined Palm Oil Price in Panama (FOB) - 2022
- Refined Palm Oil Imports in Panama
- Refined Palm Oil Exports in Panama
Refined Palm Oil Price in Panama (CIF) - 2023
The average refined palm oil import price stood at $740 per ton in July 2023, with a decrease of -47% against the previous month. In general, the import price showed a abrupt setback. The growth pace was the most rapid in May 2023 an increase of 39% month-to-month. Over the period under review, average import prices attained the peak figure at $1,947 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Peru ($1,924 per ton), while the price for Malaysia ($558 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Colombia (+3.2%), while the prices for the other major suppliers experienced a decline.
Refined Palm Oil Price in Panama (FOB) - 2022
The average refined palm oil export price stood at $516 per ton in 2022, declining by -38.1% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 26% against the previous year. Over the period under review, the average export prices hit record highs at $1,989 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($530 per ton), while the average price for exports to the United States ($500 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 Guatemala (+0.2%).
Refined Palm Oil Imports in Panama
In 2022, overseas purchases of refined palm oil were finally on the rise to reach 6.1K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, refined palm oil imports surged to $9.9M in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Refined Palm Oil in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Colombia | 1,696 | N/A | 10.1 | 6,008 | 52.4% |
Free Zones | 0.2 | N/A | 8.5 | 1,582 | 1892.5% |
Malaysia | 582 | 331 | 322 | 919 | 16.4% |
Indonesia | 608 | 423 | 286 | 488 | -7.1% |
Costa Rica | 0.1 | 229 | 257 | 298 | 1339.0% |
Guatemala | 16.7 | N/A | N/A | 228 | 139.0% |
Ecuador | 44.5 | 444 | 92.2 | 151 | 50.3% |
Others | 343 | 145 | 165 | 188 | -18.2% |
Total | 3,291 | 1,572 | 1,141 | 9,862 | 44.2% |
Top Suppliers of Refined Palm Oil to Panama in 2022:
- Colombia (3710.1 tons)
- Free Zones (957.0 tons)
- Malaysia (650.0 tons)
- Indonesia (338.4 tons)
- Costa Rica (149.0 tons)
- Guatemala (111.1 tons)
- Ecuador (91.5 tons)
Refined Palm Oil Exports in Panama
Refined palm oil exports from Panama skyrocketed to 2K tons in 2022, picking up by 717% on 2021 figures. Over the period under review, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined palm oil exports skyrocketed to $1.1M in 2022. In general, exports, however, recorded a noticeable curtailment.
Export of Refined Palm Oil in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Guatemala | N/A | N/A | 567 | 0% | |
Mexico | 250 | 62.2 | 458 | 35.4% | |
United States | N/A | N/A | 29.0 | 0% | |
Spain | 846 | N/A | N/A | 0% | |
Honduras | N/A | 146 | N/A | 0% | |
Others | N/A | N/A | N/A | 0% | |
Total | 1,097 | 209 | 1,054 | -2.0% |
Top Export Markets for Refined Palm Oil from Panama in 2022:
- Guatemala (1069.8 tons)
- Mexico (917.3 tons)
- United States (58.0 tons)
This report provides an in-depth analysis of the refined palm oil market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415700 - Refined palm oil and its fractions (excluding chemically modified)
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the refined palm oil market in Panama.
This report provides an in-depth analysis of the palm oil market in Panama.
This report provides an in-depth analysis of the crude palm oil market in Panama.
This report provides an in-depth analysis of the transmission shaft market in Panama.
This report provides an in-depth analysis of the linseed oil market in Panama.
This report provides an in-depth analysis of the surgical glove market in Panama.
This report provides an in-depth analysis of the market for caustic soda in the solid form in Panama.
This report provides an in-depth analysis of the market for reaction initiators and accelerators in Panama.
This report provides an in-depth analysis of the hard plastic comb market in Panama.
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Panama.
Discover the top import markets for refined palm oil in 2023, including key statistics and major players in the global market.
Learn about the top five import markets for palm oil and their respective import values in 2022. India ranks as the largest importer, followed by China, Pakistan, the United States, and the Netherlands. These countries exhibit significant demand for palm oil due to various factors such as population size, dietary preferences, and industrial applications. Understanding the dynamics of these import markets is crucial for palm oil producers, traders, and other stakeholders in the industry. Get comprehensive insights into the global palm oil market with IndexBox's recent market report.
While Indonesia, planning to expand production, fights for the EU's recognition of palm oil as a biofuel, Malaysia is faced with an acute shortage of labor due to the outflow of guest workers after the pandemic.
In 2015, the countries with the highest levels of palm fruit oil production were Indonesia (X thousand tons), Malaysia (X thousand tons), Thailand (X thousand tons), together accounting for X% of total output.
Explore the top import markets for crude palm oil and the key statistics in the global industry. Learn about the leading countries, import values, and trends.
The global palm oil market revenue amounted to $48B in 2017, surging by 10% against the previous year. This figure reflect...
The global palm oil market increased from X tons in 2007 to X tons in 2016, expanding with an annual average growth rate of +X% per year over that period.
Global palm oil consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
Global palm oil exports amounted to X thousand tons in 2015, ascending by +X% against the previous year level.
Global palm oil imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.