Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Panama - 2023

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Panama (CIF) - 2023
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Panama (FOB) - 2022
3. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Panama
4. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Panama

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Panama (CIF) - 2023

The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,581 per ton in September 2023, which is down by -2.6% against the previous month. Over the period under review, the import price recorded a perceptible decline. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 6.4% against the previous month. Over the period under review, average import prices attained the maximum at $2,037 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($3,468 per ton), while the price for Indonesia ($732 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Panama (FOB) - 2022

In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,000 per ton, picking up by 17% against the previous year. Over the period under review, the export price, however, showed a mild slump. The growth pace was the most rapid in 2013 when the average export price increased by 54%. As a result, the export price attained the peak level of $3,604 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Trinidad and Tobago amounted to +5.6% per year.

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Panama

In 2022, supplies from abroad of liquid margarine and edible mixtures of animal or vegetable fats decreased by -29.6% to 16K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +6.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats dropped slightly to $31M in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 52%.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Panama in 2022:

1. Colombia (8.2K tons)
2. Guatemala (2.7K tons)
3. Ecuador (1.7K tons)
4. Costa Rica (1.1K tons)
5. United States (1.1K tons)
6. Malaysia (0.6K tons)

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Panama

In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats exported from Panama declined rapidly to 9.8 tons, with a decrease of -61.7% against 2021 figures. Overall, exports faced a dramatic curtailment. The smallest decline of -57% was in 2020.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats fell remarkably to $20K in 2022. Over the period under review, exports recorded a dramatic curtailment. The smallest decline of -41.5% was in 2020.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Panama in 2022:

1. Free Zones (9.8 tons)

Source: IndexBox Market Intelligence Platform