Panama: Apple Juice Market 2024

Apple Juice Market Size in Panama

The Panamanian apple juice market skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption saw a resilient expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Apple Juice Production in Panama

In value terms, apple juice production totaled $X in 2022 estimated in export price. Overall, production, however, showed a mild expansion. The growth pace was the most rapid in 2019 when the production volume increased by X%. Apple juice production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Apple Juice Exports

Exports from Panama

In 2022, shipments abroad of apple juice (single strength) increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, apple juice exports surged to $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Jamaica (X tons) was the main destination for apple juice exports from Panama, accounting for a X% share of total exports. Moreover, apple juice exports to Jamaica exceeded the volume sent to the second major destination, Curacao (X tons), sevenfold. The third position in this ranking was taken by Costa Rica (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jamaica totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Curacao (X% per year) and Costa Rica (X% per year).

In value terms, Jamaica ($X) remains the key foreign market for apple juice (single strength) exports from Panama, comprising X% of total exports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total exports. It was followed by Curacao, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Jamaica stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Curacao (X% per year).

Export Prices by Country

The average apple juice export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price enjoyed resilient growth. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to Curacao ($X 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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Apple Juice Imports

Imports into Panama

In 2022, overseas purchases of apple juice (single strength) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, apple juice imports surged to $X in 2022. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Guatemala (X tons) constituted the largest supplier of apple juice to Panama, with a X% share of total imports. Moreover, apple juice imports from Guatemala exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was held by Mexico (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Guatemala stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).

In value terms, Guatemala ($X) constituted the largest supplier of apple juice (single strength) to Panama, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Mexico, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Guatemala stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).

Import Prices by Country

The average apple juice import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price, however, enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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