Panama - Bread and Bakery Product - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBread and Bakery Price in Panama - 2023
Contents:
- Bread and Bakery Price in Panama (CIF) - 2022
- Bread and Bakery Price in Panama (FOB) - 2022
- Bread and Bakery Imports in Panama
- Bread and Bakery Exports in Panama
Bread and Bakery Price in Panama (CIF) - 2022
In 2022, the average bread and bakery import price amounted to $3,198 per ton, rising by 14% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $3,256 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,535 per ton), while the price for Peru ($2,069 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Bread and Bakery Price in Panama (FOB) - 2022
In 2022, the average bread and bakery export price amounted to $1,880 per ton, increasing by 38% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices hit record highs at $3,842 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($3,905 per ton), while the average price for exports to Costa Rica ($1,739 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+1.7%), while the prices for the other major destinations experienced a decline.
Bread and Bakery Imports in Panama
In 2022, the amount of bread and bakery imported into Panama fell to 33K tons, declining by -7.4% on 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. As a result, imports reached the peak of 35K tons, and then reduced in the following year.
In value terms, bread and bakery imports rose remarkably to $104M in 2022. The total import value increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
Import of Bread and Bakery in Panama (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 24.6 | 22.1 | 27.9 | 25.4 | 1.1% |
Costa Rica | 19.1 | 17.2 | 21.0 | 23.2 | 6.7% |
Guatemala | 14.7 | 11.2 | 17.3 | 19.6 | 10.1% |
Mexico | 5.6 | 4.4 | 7.3 | 8.3 | 14.0% |
Colombia | 6.2 | 6.9 | 6.6 | 6.9 | 3.6% |
Peru | 2.9 | 3.1 | 4.1 | 4.8 | 18.3% |
Spain | 2.7 | 2.6 | 3.9 | 4.5 | 18.6% |
Others | 10.1 | 9.8 | 10.5 | 11.7 | 5.0% |
Total | 85.8 | 77.3 | 98.6 | 104 | 6.6% |
Top Suppliers of Bread and Bakery to Panama in 2022:
- Costa Rica (8.8K tons)
- Guatemala (5.7K tons)
- United States (5.6K tons)
- Colombia (2.9K tons)
- Mexico (2.8K tons)
- Peru (2.3K tons)
- Spain (1.4K tons)
Bread and Bakery Exports in Panama
In 2022, exports of bread and bakery from Panama skyrocketed to 996 tons, jumping by 58% compared with the previous year's figure. In general, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, bread and bakery exports surged to $1.9M in 2022. Overall, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Bread and Bakery in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Costa Rica | 411 | 282 | 860 | 1,448 | 52.2% |
Cuba | 514 | 55.7 | N/A | 75.4 | -47.3% |
United States | 10.4 | 30.2 | N/A | 67.3 | 86.3% |
Jamaica | 119 | 67.3 | N/A | 66.9 | -17.5% |
Free Zones | N/A | 0.1 | N/A | 45.2 | 2026.0% |
Venezuela | 48.6 | 91.8 | N/A | 30.6 | -14.3% |
Colombia | 68.9 | 130 | N/A | 29.8 | -24.4% |
Others | 428 | 399 | N/A | 110 | -36.4% |
Total | 1,600 | 1,056 | 860 | 1,873 | 5.4% |
Top Export Markets for Bread and Bakery from Panama in 2022:
- Costa Rica (832.5 tons)
- Jamaica (31.1 tons)
- Cuba (28.1 tons)
- United States (24.5 tons)
- Free Zones (21.4 tons)
- Venezuela (10.1 tons)
- Colombia (7.6 tons)
This report provides an in-depth analysis of the bread and bakery 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 10721130 - Crispbread
- Prodcom 10721230 - Gingerbread and the like
- Prodcom 10721255 - Sweet biscuits (including sandwich biscuits, excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
- Prodcom 10721259 - Waffles and wafers (including salted) (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
- Prodcom 10721150 - Rusks, toasted bread and similar toasted products
- Prodcom 10711100 - Fresh bread containing by weight in the dry matter state . 5 % of sugars and . 5 % of fat (excluding with added honey, e ggs, cheese or fruit)
- Prodcom 10711200 - Cake and pastry products, other bakers
- Prodcom 10721910 - Matzos
- Prodcom 10721920 - Communion wafers, empty cachets of a kind suitable for pharmaceutical use, sealing wafers, rice paper and similar products
- Prodcom 10721940 - Biscuits (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa, sweet biscuits, waffles and wafers)
- Prodcom 10721950 - Savoury or salted extruded or expanded products
- Prodcom 10721990 - Bakersu2019 wares, no added sweetening (including crepes, pancakes, quiche, pizza; excluding sandwiches, crispbread, waffles, wafers, rusks, toasted, savoury or salted extruded/expanded products)
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
This report provides an in-depth analysis of the bread and bakery market in Panama.
This report provides an in-depth analysis of the waffle and wafer market in Panama.
This report provides an in-depth analysis of the market for gingerbread, sweet biscuit and waffle in Panama.
This report provides an in-depth analysis of the market for crispbread, rusk and toasted bread in Panama.
This report provides an in-depth analysis of the sweet biscuit market in Panama.
This report provides an in-depth analysis of the market for rusks and toasted bread in Panama.
This report provides an in-depth analysis of the gingerbread market in Panama.
This report provides an in-depth analysis of the market for fresh bread and miscellaneous bakery in Panama.
This report provides an in-depth analysis of the market for sweet biscuit, waffle and wafer in Panama.
This report provides an in-depth analysis of the global bread and bakery market.
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