Panama - Herrings (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Herring Price in Panama - 2023
Contents:
- Preserved Herring Price in Panama (CIF) - 2022
- Preserved Herring Price in Panama (FOB) - 2022
- Preserved Herring Imports in Panama
- Preserved Herring Exports in Panama
Preserved Herring Price in Panama (CIF) - 2022
In 2022, the average preserved herring import price amounted to $2,678 per ton, with a decrease of -5.2% against the previous year. Overall, import price indicated a mild increase from 2016 to 2022: its price increased at an average annual rate of +1.7% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved herring import price decreased by -31.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 40%. The import price peaked at $3,902 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,686 per ton), while the price for Hong Kong SAR totaled $2,409 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Herring Price in Panama (FOB) - 2022
The average preserved herring export price stood at $4,346 per ton in 2020, remaining constant against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The export price peaked at $7,084 per ton in 2014; however, from 2015 to 2020, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Denmark.
From 2014 to 2020, the rate of growth in terms of prices for Denmark amounted to 0.0% per year.
Preserved Herring Imports in Panama
In 2022, approx. 76 tons of herrings (prepared or preserved) were imported into Panama; picking up by 14% against the previous year. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 1,434% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, preserved herring imports expanded remarkably to $202K in 2022. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,011%. Imports peaked in 2022 and are likely to continue growth in the near future.
Import of Preserved Herring in Panama (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2.7 | 7.2 | 77.2 | 197 | 317.9% |
Hong Kong SAR | 2.1 | 3.7 | 54.0 | 5.7 | 39.5% |
Spain | 2.2 | 1.2 | 3.1 | N/A | 18.7% |
Sweden | 3.0 | 3.8 | 48.4 | N/A | 301.7% |
Others | 1.6 | 1.0 | 5.2 | N/A | 80.3% |
Total | 11.6 | 16.9 | 188 | 202 | 159.2% |
Top Suppliers of Preserved Herring to Panama in 2022:
- United States (73.2 tons)
- Hong Kong SAR (2.4 tons)
Preserved Herring Exports in Panama
Preserved herring exports from Panama fell to 3.1 tons in 2020, waning by -4.2% compared with the year before. Overall, exports showed a noticeable shrinkage.
In value terms, preserved herring exports declined modestly to $13K in 2020. Over the period under review, exports showed a noticeable shrinkage.
Export of Preserved Herring in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
Denmark | N/A | 13.4 | 0% | ||
Bahamas | 13.9 | N/A | 0% | ||
Others | N/A | N/A | 0% | ||
Total | 13.9 | 13.4 | -3.6% |
Top Export Markets for Preserved Herring from Panama in 2022:
- Denmark (3.1 tons)
This report provides an in-depth analysis of the preserved herring 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 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)
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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