Panama - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPeanut Butter Price in Panama - 2023
Contents:
- Peanut Butter Price in Panama (CIF) - 2023
- Peanut Butter Price in Panama (FOB) - 2022
- Peanut Butter Imports in Panama
- Peanut Butter Exports in Panama
Peanut Butter Price in Panama (CIF) - 2023
The average peanut butter import price stood at $5,264 per ton in November 2023, surging by 24% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 32% month-to-month. Over the period under review, average import prices hit record highs in November 2023.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the highest price was recorded for prices from Nicaragua ($6,434 per ton) and Mexico ($6,257 per ton), while the price for Costa Rica ($4,449 per ton) and Colombia ($4,576 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Mexico (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Peanut Butter Price in Panama (FOB) - 2022
In 2022, the average peanut butter export price amounted to $2,571 per ton, declining by -22% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 96% against the previous year. Over the period under review, the average export prices attained the peak figure at $6,818 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($3,500 per ton), while the average price for exports to Montserrat ($2,400 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 Israel (+14.7%).
Peanut Butter Imports in Panama
In 2022, the amount of peanut butter and prepared or preserved groundnuts imported into Panama reduced dramatically to 2K tons, dropping by -24.9% on the year before. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, imports reached the peak of 2.7K tons, and then reduced notably in the following year.
In value terms, peanut butter imports dropped to $8.7M in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. As a result, imports attained the peak of $9.2M, and then dropped in the following year.
| Import of Peanut Butter in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.5 | 3.6 | 4.5 | 4.1 | 5.4% |
| Nicaragua | 1.7 | 0.9 | 1.7 | 1.9 | 3.8% |
| Costa Rica | 1.3 | 0.8 | 1.2 | 1.1 | -5.4% |
| Colombia | 0.5 | 0.4 | 0.6 | 0.6 | 6.3% |
| China | 0.3 | 0.7 | 0.6 | 0.5 | 18.6% |
| India | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Guatemala | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Mexico | 0.3 | 0.2 | 0.1 | N/A | -42.3% |
| Others | 0.1 | 0.2 | 0.3 | 0.1 | 0.0% |
| Total | 7.9 | 7.0 | 9.2 | 8.7 | 3.3% |
Top Suppliers of Peanut Butter to Panama in 2022:
- United States (686.7 tons)
- Nicaragua (544.4 tons)
- Costa Rica (283.3 tons)
- China (237.5 tons)
- Colombia (127.9 tons)
- India (87.4 tons)
- Guatemala (37.8 tons)
- Mexico (18.0 tons)
Peanut Butter Exports in Panama
In 2022, approx. 42 kg of peanut butter and prepared or preserved groundnuts were exported from Panama; waning by -91.7% against 2021. Over the period under review, exports faced a precipitous descent. The smallest decline of -12% was in 2021.
In value terms, peanut butter exports contracted remarkably to $108 in 2022. Overall, exports recorded a precipitous contraction. The smallest decline of -14.8% was in 2021.
| Export of Peanut Butter in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahamas | N/A | N/A | N/A | 0.1 | 0% |
| Barbados | N/A | 2.0 | 0.8 | N/A | -60.0% |
| Namibia | N/A | N/A | N/A | N/A | 0% |
| Aruba | 2.1 | N/A | N/A | N/A | 0% |
| Guatemala | 2.2 | N/A | N/A | N/A | 0% |
| Montserrat | N/A | N/A | N/A | N/A | 0% |
| Canada | 38.9 | N/A | N/A | N/A | 0% |
| Others | 0.4 | N/A | 0.9 | N/A | 50.0% |
| Total | 43.6 | 2.0 | 1.7 | 0.1 | -86.8% |
Top Export Markets for Peanut Butter from Panama in 2022:
- Bahamas (20.0 kg)
- Montserrat (20.0 kg)
- Namibia (2.0 kg)
This report provides an in-depth analysis of the peanut butter 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 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)
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
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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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This report provides an in-depth analysis of the peanut butter market in Panama.
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This report provides an in-depth analysis of the peanut butter market in Panama.
103
This report provides an in-depth analysis of the market for nuts (prepared or preserved) in Panama.
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This report provides an in-depth analysis of the canned pineapple market in Panama.
2991
This report provides an in-depth analysis of the global peanut butter market.
8798
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
2012
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
1171
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad
8798
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
2012
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
1171
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad
