Preserved Frozen Potato Price in Panama - 2023
Contents:
Preserved Frozen Potato Price in Panama (CIF) - 2023
The average preserved frozen potato import price stood at $1,397 per ton in September 2023, remaining relatively unchanged against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 15% month-to-month. Over the period under review, average import prices hit record highs at $1,529 per ton in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.
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 ($2,253 per ton), while the price for Belgium ($959 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 Belgium (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Frozen Potato Imports in Panama
In 2022, imports of frozen potatoes prepared or preserved into Panama contracted to 29K tons, which is down by -8.7% on the year before. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +5.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66%. As a result, imports reached the peak of 31K tons, and then reduced in the following year.
In value terms, preserved frozen potato imports expanded rapidly to $35M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 63%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Preserved Frozen Potato in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.9 | 6.1 | 9.7 | 11.0 | 56.0% |
| Belgium | 4.2 | 3.4 | 7.0 | 8.8 | 28.0% |
| United States | 10.9 | 3.9 | 5.7 | 6.6 | -15.4% |
| Netherlands | 7.3 | 5.0 | 7.4 | 6.4 | -4.3% |
| France | 0.6 | 0.4 | 0.9 | 1.4 | 32.6% |
| Germany | 0.6 | 0.3 | 0.4 | 0.7 | 5.3% |
| Others | 0.1 | N/A | 0.3 | 0.2 | 26.0% |
| Total | 26.5 | 19.2 | 31.4 | 35.1 | 9.8% |
Top Suppliers of Preserved Frozen Potato to Panama in 2022:
- Belgium (10.4K tons)
- Canada (7.4K tons)
- Netherlands (5.5K tons)
- United States (3.1K tons)
- France (1.4K tons)
- Germany (0.6K tons)
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