Price for Cereal Groats; Meal and Pellets in Panama - 2024
Contents:
- Price for Cereal Groats; Meal and Pellets in Panama (CIF) - 2024
- Price for Cereal Groats; Meal and Pellets in Panama (FOB) - 2022
- Imports of Cereal Groats; Meal and Pellets in Panama
- Exports of Cereal Groats; Meal and Pellets in Panama
Price for Cereal Groats; Meal and Pellets in Panama (CIF) - 2024
The average import price for cereal groats; meal and pelletses stood at $685 per ton in July 2023, waning by -2.5% against the previous month. In general, the import price showed a mild reduction. The growth pace was the most rapid in April 2023 an increase of 6.4% m-o-m. The import price peaked at $770 per ton in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Mexico.
From January 2023 to July 2023, the rate of growth in terms of prices for Mexico amounted to -1.1% per month.
Price for Cereal Groats; Meal and Pellets in Panama (FOB) - 2022
In 2020, the average export price for cereal groats; meal and pelletses amounted to $369 per ton, dropping by -9.9% against the previous year. Over the period under review, the export price recorded a dramatic decline. The growth pace was the most rapid in 2018 an increase of 52%. Over the period under review, the average export prices attained the peak figure at $4,376 per ton in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was Curacao ($504 per ton), while the average price for exports to Cuba totaled $342 per ton.
From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+37.6%), while the prices for the other major destinations experienced a decline.
Imports of Cereal Groats; Meal and Pellets in Panama
In 2022, approx. 11K tons of cereal groats; meal and pelletses were imported into Panama; rising by 83% compared with the year before. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereal groats; meal and pellets imports skyrocketed to $7.4M in 2022. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats; Meal and Pellets in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 2.0 | 1.9 | 3.0 | 7.3 | 54.0% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 2.1 | 2.0 | 3.0 | 7.4 | 52.2% |
Top Suppliers of Cereal Groats; Meal and Pellets to Panama in 2022:
- Mexico (10.9K tons)
Exports of Cereal Groats; Meal and Pellets in Panama
In 2020, cereal groats; meal and pellets exports from Panama shrank remarkably to 13 tons, which is down by -86% on the previous year's figure. Overall, exports continue to indicate a significant decrease.
In value terms, cereal groats; meal and pellets exports contracted markedly to $4.7K in 2020. In general, exports faced a precipitous decline.
| Export of Cereal Groats; Meal and Pellets in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Cuba | N/A | 3.3 | 0% | ||
| Curacao | N/A | 0.2 | 0% | ||
| United States | 6.1 | N/A | 0% | ||
| Costa Rica | 8.8 | N/A | 0% | ||
| El Salvador | 19.4 | N/A | 0% | ||
| Others | 2.8 | 1.2 | -57.1% | ||
| Total | 37.0 | 4.7 | -87.3% | ||
Top Export Markets for Cereal Groats; Meal and Pellets from Panama in 2022:
- Cuba (9.7 tons)
- Curacao (0.4 tons)
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