Concentrated Orange Juice Price in Panama - 2023
Contents:
- Concentrated Orange Juice Price in Panama (CIF) - 2023
- Concentrated Orange Juice Price in Panama (FOB) - 2022
- Concentrated Orange Juice Imports in Panama
- Concentrated Orange Juice Exports in Panama
Concentrated Orange Juice Price in Panama (CIF) - 2023
In September 2023, the average concentrated orange juice import price amounted to $1,585 per ton, declining by -21.7% against the previous month. Overall, the import price showed a slight curtailment. The growth pace was the most rapid in May 2023 an increase of 28% month-to-month. The import price peaked at $2,676 per ton in July 2023; however, from August 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,885 per ton), while the price for Free Zones ($284 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 Brazil (+2.3%), while the prices for the other major suppliers experienced a decline.
Concentrated Orange Juice Price in Panama (FOB) - 2022
The average concentrated orange juice export price stood at $730 per ton in 2022, falling by -5.9% against the previous year. Over the period under review, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 137%. As a result, the export price attained the peak level of $2,840 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Barbados ($780 per ton), while the average price for exports to Aruba ($720 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 Belize (+57.2%), while the prices for the other major destinations experienced more modest paces of growth.
Concentrated Orange Juice Imports in Panama
In 2022, concentrated orange juice imports into Panama reduced notably to 3.5K tons, waning by -15% compared with 2021. In general, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 25% against the previous year. As a result, imports reached the peak of 4.2K tons, and then reduced markedly in the following year.
In value terms, concentrated orange juice imports reduced to $6.8M in 2022. Over the period under review, imports recorded a slight contraction. The growth pace was the most rapid in 2021 when imports increased by 26%. As a result, imports reached the peak of $7.7M, and then dropped in the following year.
| Import of Concentrated Orange Juice in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.0 | 3.6 | 4.6 | 3.6 | -3.5% |
| Brazil | 0.2 | 0.4 | 0.8 | 1.1 | 76.5% |
| Costa Rica | 1.6 | 0.9 | 1.2 | 1.0 | -14.5% |
| Free Zones | 1.2 | 1.2 | 1.1 | 0.9 | -9.1% |
| Others | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
| Total | 7.2 | 6.1 | 7.7 | 6.8 | -1.9% |
Top Suppliers of Concentrated Orange Juice to Panama in 2022:
- United States (1860.4 tons)
- Costa Rica (764.9 tons)
- Brazil (486.5 tons)
- Free Zones (310.0 tons)
Concentrated Orange Juice Exports in Panama
In 2022, after two years of decline, there was significant growth in shipments abroad of concentrated orange juice, when their volume increased by 25% to 19 tons. In general, exports, however, saw a abrupt descent.
In value terms, concentrated orange juice exports surged to $14K in 2022. Overall, exports, however, saw a sharp slump.
| Export of Concentrated Orange Juice in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| British Indian Ocean Territory | N/A | N/A | N/A | 7.9 | 0% |
| Aruba | 1.5 | 0.6 | 7.4 | 4.7 | 46.3% |
| Barbados | N/A | 3.0 | 1.0 | 1.0 | -42.3% |
| Free Zones | N/A | 6.0 | N/A | N/A | 0% |
| Colombia | 20.8 | N/A | N/A | N/A | 0% |
| Curacao | 5.8 | 3.2 | 3.2 | N/A | -25.7% |
| Belize | 5.1 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 24.7 | N/A | N/A | 8133.3% |
| Total | 33.5 | 37.4 | 11.6 | 13.6 | -26.0% |
Top Export Markets for Concentrated Orange Juice from Panama in 2022:
- British Indian Ocean Territory (10.8 tons)
- Aruba (6.5 tons)
- Barbados (1.3 tons)
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