Panama - Crude Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPanama: Crude Palm Oil Market 2024
Crude Palm Oil Market Size in Panama
The Panamanian crude palm oil market reached $X in 2022, almost unchanged from the previous year. Overall, consumption saw a prominent expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.
Crude Palm Oil Production in Panama
In value terms, crude palm oil production rose notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Crude palm oil production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.
Crude Palm Oil Exports
Exports from Panama
Crude palm oil exports from Panama surged to X tons in 2022, with an increase of X% compared with 2021 figures. In general, exports showed a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, crude palm oil exports rose modestly to $X in 2022. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
Exports by Country
Mexico (X tons) was the main destination for crude palm oil exports from Panama, accounting for a X% share of total exports. Moreover, crude palm oil exports to Mexico exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was held by Switzerland (X tons), with a X% share.
From 2013 to 2022, the average annual growth rate of volume to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Switzerland (X% per year).
In value terms, Mexico ($X) remains the key foreign market for crude palm oil exports from Panama, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.
From 2013 to 2022, the average annual rate of growth in terms of value to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Switzerland (X% per year).
Export Prices by Country
The average crude palm oil export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price saw a mild descent. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank significantly in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Nicaragua ($X per ton) and Costa Rica ($X per ton), while the average price for exports to Switzerland ($X per ton) and Morocco ($X per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.
Crude Palm Oil Imports
Imports into Panama
For the third consecutive year, Panama recorded decline in overseas purchases of crude palm oil, which decreased by X% to X tons in 2019. Overall, imports faced a precipitous slump. The smallest decline of X% was in 2017. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2019, imports remained at a lower figure.
In value terms, crude palm oil imports stood at $X in 2019. Over the period under review, imports continue to indicate a significant contraction. The smallest decline of X% was in 2017. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2019, imports failed to regain momentum.
Imports by Country
In 2019, Indonesia (X tons) was the main crude palm oil supplier to Panama, accounting for a X% share of total imports. It was followed by Costa Rica (X kg), with a X% share of total imports.
From 2016 to 2019, the average annual growth rate of volume from Indonesia stood at X%.
In value terms, Indonesia ($X) constituted the largest supplier of crude palm oil to Panama, comprising X% of total imports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total imports.
From 2016 to 2019, the average annual growth rate of value from Indonesia amounted to X%.
Import Prices by Country
The average crude palm oil import price stood at $X per ton in 2019, stabilizing at the previous year. Overall, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2019, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was Costa Rica ($X per ton), while the price for Indonesia totaled $X per ton.
From 2016 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia (X%).
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the crude palm oil market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 257 - Oil of palm
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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