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Panama - Sweet Biscuits Without Chocolate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSweet Biscuit Price in Panama - 2023
Contents:
- Sweet Biscuit Price in Panama (CIF) - 2023
- Sweet Biscuit Price in Panama (FOB) - 2022
- Sweet Biscuit Imports in Panama
- Sweet Biscuit Exports in Panama
Sweet Biscuit Price in Panama (CIF) - 2023
In September 2023, the average sweet biscuit import price amounted to $3,060 per ton, dropping by -4.7% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 17% against the previous month. As a result, import price reached the peak level of $3,572 per ton. From November 2022 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($7,083 per ton), while the price for India ($1,587 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Sweet Biscuit Price in Panama (FOB) - 2022
In 2022, the average sweet biscuit export price amounted to $2,751 per ton, with a decrease of -4.2% against the previous year. Overall, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 9.8%. The export price peaked at $3,655 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($2,977 per ton), while the average price for exports to Jamaica ($1,967 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 Barbados (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Sweet Biscuit Imports in Panama
In 2022, sweet biscuit imports into Panama stood at 7.9K tons, growing by 6.9% against the previous year's figure. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 16% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, sweet biscuit imports skyrocketed to $24M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.8% 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 +51.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Sweet Biscuit in Panama (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 4.9 | 3.0 | 4.2 | 4.9 | 0.0% |
United States | 3.9 | 3.7 | 4.3 | 4.7 | 6.4% |
Costa Rica | 1.9 | 1.4 | 2.3 | 3.5 | 22.6% |
Colombia | 2.0 | 2.1 | 2.0 | 2.6 | 9.1% |
Peru | 1.2 | 1.4 | 1.7 | 1.9 | 16.6% |
Guatemala | 0.9 | 0.5 | 0.9 | 1.7 | 23.6% |
Brazil | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
India | 0.4 | 0.4 | 0.3 | 0.2 | -20.6% |
Free Zones | 0.5 | 0.6 | 0.5 | 0.2 | -26.3% |
Others | 2.7 | 2.7 | 3.2 | 3.9 | 13.0% |
Total | 18.6 | 15.9 | 19.4 | 24.0 | 8.9% |
Top Suppliers of Sweet Biscuit to Panama in 2022:
- Mexico (1779.0 tons)
- Colombia (1287.6 tons)
- Costa Rica (1122.2 tons)
- Peru (975.0 tons)
- United States (884.9 tons)
- Guatemala (635.2 tons)
- Brazil (193.8 tons)
- India (130.0 tons)
- Free Zones (23.3 tons)
Sweet Biscuit Exports in Panama
For the third consecutive year, Panama recorded decline in shipments abroad of sweet biscuits, which decreased by -42.6% to 16 tons in 2022. In general, exports continue to indicate a precipitous decline. The smallest decline of -24.3% was in 2020.
In value terms, sweet biscuit exports fell significantly to $44K in 2022. Overall, exports saw a precipitous slump. The smallest decline of -25% was in 2020.
Export of Sweet Biscuit in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cuba | 165 | 46.2 | 22.1 | 12.1 | -58.1% |
Venezuela | 26.7 | 80.5 | 12.3 | 6.7 | -36.9% |
Jamaica | 85.9 | 56.7 | 9.8 | 5.6 | -59.8% |
Trinidad and Tobago | 21.5 | 23.1 | 4.0 | 2.2 | -53.2% |
United States | 0.4 | 19.5 | 3.0 | 1.6 | 58.7% |
Honduras | 3.0 | 17.6 | 2.7 | 1.5 | -20.6% |
Colombia | 20.9 | 3.6 | 2.5 | 1.4 | -59.4% |
Dominican Republic | 2.7 | 11.2 | 1.7 | 0.9 | -30.7% |
British Indian Ocean Territory | 6.9 | 8.8 | 1.3 | 0.7 | -53.4% |
Grenada | 13.8 | 3.5 | 1.1 | 0.7 | -63.0% |
Barbados | 4.0 | 7.4 | 1.1 | 0.6 | -46.9% |
Dominica | N/A | 26.5 | N/A | N/A | 0% |
Costa Rica | 36.3 | 4.7 | N/A | N/A | -87.1% |
Others | 149 | 92.6 | 18.6 | 10.2 | -59.1% |
Total | 536 | 402 | 80.3 | 44.2 | -56.5% |
Top Export Markets for Sweet Biscuit from Panama in 2022:
- Cuba (4.1 tons)
- Jamaica (2.8 tons)
- Venezuela (2.4 tons)
- Trinidad and Tobago (0.7 tons)
- United States (0.6 tons)
- Honduras (0.5 tons)
- Colombia (0.5 tons)
- British Indian Ocean Territory (0.3 tons)
- Dominican Republic (0.3 tons)
- Grenada (0.2 tons)
- Barbados (0.2 tons)
This report provides an in-depth analysis of the sweet biscuit 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 10721255 - Sweet biscuits (including sandwich biscuits, excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
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.
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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
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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
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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
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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
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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
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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
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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
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