Price for Flours and Meals; of Soya Beans in Panama - 2023

Contents:

1. Price for Flours and Meals; of Soya Beans in Panama (CIF) - 2022
2. Price for Flours and Meals; of Soya Beans in Panama (FOB) - 2022
3. Imports of Flours and Meals; of Soya Beans in Panama
4. Exports of Flours and Meals; of Soya Beans in Panama

Price for Flours and Meals; of Soya Beans in Panama (CIF) - 2022

The average import price for flours and meals; of soya beanses stood at $652 per ton in 2022, growing by 10% against the previous year. Overall, the import price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34%. As a result, import price reached the peak level of $1,898 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -7.5% per year.

Price for Flours and Meals; of Soya Beans in Panama (FOB) - 2022

Panama has no trade partners to describe.

Imports of Flours and Meals; of Soya Beans in Panama

In 2022, the amount of flours and meals; of soya beanses imported into Panama contracted dramatically to 2.1K tons, which is down by -76.2% against 2021 figures. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 15,117%. As a result, imports reached the peak of 8.8K tons, and then shrank markedly in the following year.

In value terms, imports of flours and meals; of soya beanses dropped markedly to $1.4M in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 8,893%. As a result, imports reached the peak of $5.2M, and then fell dramatically in the following year.

Top Suppliers of Flours and Meals; of Soya Beans to Panama in 2022:

1. United States (2.1K tons)

Exports of Flours and Meals; of Soya Beans in Panama

For the third year in a row, Panama recorded decline in shipments abroad of flours and meals; of soya beanses, which decreased by 0% to 217 kg in 2022. Overall, exports faced a dramatic curtailment. The smallest decline of -99.7% was in 2020.

In value terms, exports of flours and meals; of soya beanses stood at $142 in 2022. In general, exports continue to indicate a sharp contraction. The smallest decline of -99.6% was in 2020.

Top Export Markets for Flours and Meals; of Soya Beans from Panama in 2022:

Source: IndexBox Market Intelligence Platform