Report Update Apr 1, 2024

Panama - Cashew Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Panama: Cashew Nut Market 2024

Cashew Nut Market Size in Panama

The Panamanian cashew nut market totaled less than $X in 2022, approximately equating the previous year. In general, consumption posted buoyant growth. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Cashew Nut Production in Panama

In value terms, cashew nut production surged to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. Cashew nut production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of cashew nuts in Panama was estimated at less than X kg per ha in 2022, approximately equating 2021. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cashew nuts production in Panama totaled less than X ha, flattening at 2021 figures. Over the period under review, the harvested area showed a relatively flat trend pattern.

Cashew Nut Exports

Exports from Panama

In 2017, overseas shipments of cashew nuts increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2017, the growth of the exports remained at a somewhat lower figure.

In value terms, cashew nut exports surged to $X in 2017. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2017, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for cashew nut exports from Panama, accounting for a approx. X% share of total exports.

From 2012 to 2017, the average annual growth rate of volume to India amounted to X%.

In value terms, India ($X) also remains the key foreign market for cashew nuts exports from Panama.

From 2012 to 2017, the average annual growth rate of value to India amounted to X%.

Export Prices by Country

The average cashew nut export price stood at $X per ton in 2017, surging by X% against the previous year. Overall, the export price continues to indicate a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2017, the rate of growth in terms of prices for India amounted to X% per year.

Cashew Nut Imports

Imports into Panama

In 2022, purchases abroad of cashew nuts decreased by X% to X kg, falling for the second year in a row after two years of decline. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X kg in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, cashew nut imports totaled $X in 2022. In general, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X kg) was the main cashew nut supplier to Panama, accounting for a X% share of total imports. It was followed by China (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Brazil (X% per year).

In value terms, the United States ($X) constituted the largest supplier of cashew nuts to Panama, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average cashew nut import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price saw a abrupt decrease. The growth pace was the most rapid in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cashew nuts in the world?

The countries with the highest volumes of consumption in 2023 were Vietnam, India and Ghana, together comprising 73% of global consumption. Nigeria, the Philippines, Benin, Brazil, Indonesia, Tanzania and Mozambique lagged somewhat behind, together accounting for a further 19%.

What are the largest producers of cashew nuts in the world?

The countries with the highest volumes of production in 2022 were Cote d'Ivoire, Ghana and India, together accounting for 45% of global production. Nigeria, Vietnam, Tanzania, the Philippines, Benin, Indonesia, Mozambique, Burkina Faso, Brazil and Guinea-Bissau lagged somewhat behind, together comprising a further 45%.

What are the leading suppliers of cashew nuts to Panama?

In value terms, the United States $498) constituted the largest supplier of cashew nuts to Panama, comprising 98% of total imports. The second position in the ranking was held by Brazil $3), with a 0.6% share of total imports.

What are the leading importers of cashew nuts from Panama?

In value terms, India remains the key foreign market for cashew nuts exports from Panama.

What is the average export price for cashew nuts in Panama?

The average cashew nut export price stood at $1,650 per ton in 2017, increasing by 38% against the previous year.

What is the average import price for cashew nuts in Panama?

The average cashew nut import price stood at $4,875 per ton in 2022, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the cashew nut 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 217 - Cashew nuts

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023