Frozen Strawberries Price in Panama - 2023
Contents:
Frozen Strawberries Price in Panama (CIF) - 2023
In July 2023, the average frozen strawberries import price amounted to $2,761 per ton, picking up by 11% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 21% m-o-m. As a result, import price attained the peak level of $2,765 per ton; afterwards, it flattened through to July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($5,842 per ton), while the price for Egypt ($1,750 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 Chile (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Strawberries Imports in Panama
In 2022, after three years of growth, there was significant decline in supplies from abroad of frozen strawberrieses, when their volume decreased by -18.9% to 1.1K tons. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. As a result, imports reached the peak of 1.3K tons, and then reduced sharply in the following year.
In value terms, frozen strawberries imports fell dramatically to $2.7M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 61%. As a result, imports reached the peak of $3.4M, and then declined significantly in the following year.
| Import of Frozen Strawberries in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 674 | 520 | 793 | 737 | 3.0% |
| United States | 997 | 985 | 1,278 | 682 | -11.9% |
| China | 33.5 | 337 | 700 | 406 | 129.7% |
| Peru | 17.9 | 42.7 | 132 | 339 | 166.6% |
| Egypt | N/A | N/A | 212 | 226 | 6.6% |
| Belgium | 44.0 | 101 | 118 | 226 | 72.5% |
| Spain | 14.2 | 103 | 130 | 71.1 | 71.1% |
| Others | 23.8 | 9.5 | 15.3 | 29.0 | 6.8% |
| Total | 1,805 | 2,098 | 3,378 | 2,716 | 14.6% |
Top Suppliers of Frozen Strawberries to Panama in 2022:
- Chile (327.2 tons)
- Peru (163.2 tons)
- United States (162.1 tons)
- China (159.5 tons)
- Egypt (105.0 tons)
- Belgium (101.6 tons)
- Spain (27.1 tons)
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