Report Update Apr 26, 2024

Panama - Cassava - Market Analysis, Forecast, Size, Trends and Insights

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Panama: Cassava Market 2024

Cassava Market Size in Panama

The Panamanian cassava market rose notably to $X in 2023, surging by X% against the previous year. In general, consumption saw a notable expansion. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Cassava Production in Panama

In value terms, cassava production stood at $X in 2023 estimated in export price. In general, production posted strong growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Cassava production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

In 2023, the average yield of cassava in Panama shrank modestly to X tons per ha, remaining stable against the year before. In general, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. The cassava yield peaked at X tons per ha in 2019; however, from 2020 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cassava harvested area in Panama rose notably to X ha in 2023, picking up by X% compared with 2022 figures. In general, the harvested area saw a temperate increase. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to cassava production reached the peak figure at X ha in 2021; afterwards, it flattened through to 2023.

Cassava Exports

Exports from Panama

Cassava exports from Panama amounted to X tons in 2023, approximately reflecting 2022. In general, exports posted a pronounced increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, cassava exports amounted to $X in 2023. Over the period under review, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for cassava exports from Panama, with a approx. X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to the Netherlands stood at X%.

From 2012 to 2023, the average annual growth rate of value to the Netherlands stood at X%.

Export Prices by Country

In 2023, the average cassava export price amounted to $X per ton, flattening at the previous year. In general, the export price posted a resilient increase. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. The export price peaked in 2023 and is expected to retain growth in the near future.

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

From 2012 to 2023, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Cassava Imports

Imports into Panama

In 2023, overseas purchases of cassava increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in the immediate term.

In value terms, cassava imports surged to $X in 2023. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Costa Rica (X tons) was the main cassava supplier to Panama, accounting for a X% share of total imports. Moreover, cassava imports from Costa Rica exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Costa Rica totaled X%.

In value terms, Costa Rica ($X) constituted the largest supplier of cassava to Panama, comprising X% of total imports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Costa Rica stood at X%.

Import Prices by Country

The average cassava import price stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Ecuador ($X per ton), while the price for Costa Rica amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the cassava 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 125 - Cassava

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