Panama - Dates - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDate Price in Panama - 2023
Contents:
- Date Price in Panama (CIF) - 2022
- Date Price in Panama (FOB) - 2022
- Date Imports in Panama
- Date Exports in Panama
Date Price in Panama (CIF) - 2022
In 2022, the average date import price amounted to $5,622 per ton, with an increase of 8.3% against the previous year. Overall, the import price, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2018 an increase of 71% against the previous year. The import price peaked at $8,355 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 Free Zones ($6,420 per ton), while the price for China ($1,940 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+7.0%), while the prices for the other major suppliers experienced a decline.
Date Price in Panama (FOB) - 2022
The average date export price stood at $1,474 per ton in 2022, leveling off at the previous year. Over the period under review, the export price recorded a dramatic decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 6.5% against the previous year. Over the period under review, the average export prices hit record highs at $3,865 per ton in 2018; however, from 2019 to 2022, the export prices remained at a 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 Colombia ($3,618 per ton), while the average price for exports to Poland amounted to $924 per ton.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+14.6%).
Date Imports in Panama
In 2022, supplies from abroad of dates decreased by -2.8% to 59 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a mild downturn. The most prominent rate of growth was recorded in 2020 with an increase of 2.2% against the previous year. As a result, imports reached the peak of 63 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, date imports rose sharply to $331K in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 9.5% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Date in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 249 | 265 | 294 | 307 | 7.2% |
| China | 8.8 | 7.4 | 8.0 | 9.8 | 3.7% |
| Free Zones | 1.9 | 12.8 | 3.4 | 5.9 | 45.9% |
| Lebanon | 2.1 | 5.1 | 3.0 | 3.9 | 22.9% |
| Hong Kong SAR | 1.8 | 2.2 | 2.7 | 2.3 | 8.5% |
| Others | 11.2 | 9.1 | 2.8 | 1.8 | -45.6% |
| Total | 275 | 302 | 314 | 331 | 6.4% |
Top Suppliers of Date to Panama in 2022:
- United States (49.7 tons)
- China (5.1 tons)
- Lebanon (1.5 tons)
- Hong Kong SAR (1.0 tons)
- Free Zones (0.9 tons)
Date Exports in Panama
In 2022, overseas shipments of dates decreased by 0% to 2.2 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 107%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, date exports amounted to $3.3K in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 120% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Date in Panama (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | N/A | 1,653 | 0% |
| Colombia | 1,114 | 173 | N/A | 1,649 | 14.0% |
| Nicaragua | 105 | 163 | N/A | N/A | 55.2% |
| Dominican Republic | 281 | N/A | N/A | N/A | 0% |
| Denmark | N/A | 1,483 | N/A | N/A | 0% |
| Others | N/A | 1,481 | N/A | 15.0 | -89.9% |
| Total | 1,500 | 3,300 | N/A | 3,317 | 30.3% |
Top Export Markets for Date from Panama in 2022:
- Poland (1789.0 kg)
- Colombia (456.0 kg)
This report provides an in-depth analysis of the date 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:
- FCL 577 - Dates
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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