Frozen Catfish Price in Panama - 2022
Contents:
- Frozen Catfish Price in Panama (FOB) - 2022
- Frozen Catfish Price in Panama (CIF) - 2022
- Frozen Catfish Exports in Panama
- Frozen Catfish Imports in Panama
Frozen Catfish Price in Panama (FOB) - 2022
The average frozen catfish export price stood at $1,780 per ton in 2022, almost unchanged from the previous year. In general, the export price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices reached the maximum at $2,513 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Colombia.
From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -3.4% per year.
Frozen Catfish Price in Panama (CIF) - 2022
The average frozen catfish import price stood at $4,347 per ton in 2022, which is down by -5.7% against the previous year. In general, the import price, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 98%. As a result, import price attained the peak level of $4,611 per ton, and then contracted in the following year.
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 the United States ($4,660 per ton), while the price for Brazil ($1,659 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Catfish Exports in Panama
After three years of growth, shipments abroad of frozen catfish decreased by -85.3% to 2.2 tons in 2022. In general, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 232%.
In value terms, frozen catfish exports declined markedly to $3.8K in 2022. Overall, exports saw a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by 230% against the previous year.
| Export of Frozen Catfish in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 4.7 | 15.4 | 26.1 | 3.8 | -6.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.7 | 15.4 | 26.1 | 3.8 | -6.8% |
Top Export Markets for Frozen Catfish from Panama in 2022:
- Colombia (2.2 tons)
Frozen Catfish Imports in Panama
In 2022, purchases abroad of frozen catfish decreased by -43.1% to 2.7 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 592% against the previous year. As a result, imports attained the peak of 4.7 tons, and then fell markedly in the following year.
In value terms, frozen catfish imports reduced dramatically to $12K in 2022. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,271%. As a result, imports reached the peak of $22K, and then reduced rapidly in the following year.
| Import of Frozen Catfish in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 21.3 | 11.1 | -47.9% |
| Brazil | 0.3 | 1.4 | 0.3 | 0.5 | 18.6% |
| Others | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
| Total | 0.5 | 1.6 | 21.7 | 11.6 | 185.2% |
Top Suppliers of Frozen Catfish to Panama in 2022:
- United States (2392.0 kg)
- Brazil (279.0 kg)
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