Panama: Mango And Mangosteen Market 2024

Mango And Mangosteen Market Size in Panama

In 2022, the Panamanian mango and mangosteen market increased by X% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption, however, saw a slight contraction. The growth pace was the most rapid in 2020 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Mango And Mangosteen Production in Panama

In value terms, mango and mangosteen production contracted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average mango and mangosteen yield in Panama stood at X tons per ha, remaining constant against the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when the yield increased by X%. The mango and mangosteen yield peaked in 2022 and is likely to see steady growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the mango and mangosteen harvested area in Panama totaled X ha, stabilizing at the year before. Over the period under review, the harvested area, however, recorded a drastic downturn. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the harvested area dedicated to mango and mangosteen production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Mango And Mangosteen Exports

Exports from Panama

For the third year in a row, Panama recorded growth in shipments abroad of mangoes, mangosteens and guavas, which increased by X% to X kg in 2019. Overall, exports showed a moderate expansion. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2019, the exports remained at a lower figure.

In value terms, mango and mangosteen exports soared to $X in 2019. Over the period under review, exports saw a temperate increase. The exports peaked at $X in 2015; however, from 2016 to 2019, the exports remained at a lower figure.

Exports by Country

Ireland (X kg) was the main destination for mango and mangosteen exports from Panama, accounting for a X% share of total exports. It was followed by Austria (X kg), with a X% share of total exports.

From 2014 to 2019, the average annual rate of growth in terms of volume to Ireland was relatively modest.

From 2014 to 2019, the average annual growth rate of value to Ireland was relatively modest.

Export Prices by Country

In 2019, the average mango and mangosteen export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price recorded a mild expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2019, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Ireland amounted to $X per ton.

From 2014 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%).

Mango And Mangosteen Imports

Imports into Panama

In 2022, overseas purchases of mangoes, mangosteens and guavas increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, imports saw a buoyant increase. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, mango and mangosteen imports contracted to $X in 2022. Overall, imports recorded a strong increase. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Costa Rica (X tons) constituted the largest supplier of mango and mangosteen to Panama, accounting for a X% share of total imports. Moreover, mango and mangosteen imports from Costa Rica exceeded the figures recorded by the second-largest supplier, the Dominican Republic (X tons), fourfold.

From 2013 to 2022, the average annual growth rate of volume from Costa Rica amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Peru (X% per year).

In value terms, Costa Rica ($X) constituted the largest supplier of mangoes, mangosteens and guavas to Panama, comprising X% of total imports. The second position in the ranking was taken by Peru ($X), with a X% share of total imports.

From 2013 to 2022, the average annual rate of growth in terms of value from Costa Rica totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and the Dominican Republic (X% per year).

Import Prices by Country

In 2022, the average mango and mangosteen import price amounted to $X per ton, falling by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for the Dominican Republic ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :