Panama - Frozen Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Price in Panama - 2023
Contents:
- Frozen Fish Price in Panama (CIF) - 2022
- Frozen Fish Price in Panama (FOB) - 2022
- Frozen Fish Imports in Panama
- Frozen Fish Exports in Panama
Frozen Fish Price in Panama (CIF) - 2022
The average frozen fish import price stood at $4,649 per ton in 2022, with an increase of 16% against the previous year. Over the period under review, the import price continues to indicate tangible growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($9,772 per ton), while the price for Mexico ($1,089 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Price in Panama (FOB) - 2022
The average frozen fish export price stood at $3,097 per ton in 2022, picking up by 43% against the previous year. In general, the export price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 51%. As a result, the export price reached the peak level of $8,121 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,703 per ton), while the average price for exports to Brazil ($984 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 Taiwan (Chinese) (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Imports in Panama
In 2022, the amount of frozen fish imported into Panama reduced to 5.5K tons, which is down by -6.9% against the previous year's figure. In general, imports saw a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 58% against the previous year.
In value terms, frozen fish imports expanded notably to $25M in 2022. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +4.1% 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 +96.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 82%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Frozen Fish in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 9.8 | 6.6 | 13.9 | 16.0 | 17.8% |
| Vietnam | 5.6 | 2.6 | 4.1 | 4.8 | -5.0% |
| Mexico | 0.5 | 0.4 | 0.8 | 1.5 | 44.2% |
| China | 2.9 | 0.9 | 2.0 | 1.4 | -21.6% |
| United States | 0.4 | 0.8 | 1.0 | 0.3 | -9.1% |
| Japan | 0.6 | 0.3 | 0.2 | 0.2 | -30.7% |
| Cote d'Ivoire | 0.8 | N/A | N/A | N/A | 0% |
| Others | 2.0 | 1.4 | 1.6 | 1.1 | -18.1% |
| Total | 22.5 | 12.9 | 23.6 | 25.4 | 4.1% |
Top Suppliers of Frozen Fish to Panama in 2022:
- Vietnam (1851.3 tons)
- Chile (1641.5 tons)
- Mexico (1340.7 tons)
- China (297.7 tons)
- Japan (143.3 tons)
- United States (98.1 tons)
Frozen Fish Exports in Panama
In 2022, overseas shipments of frozen fish were finally on the rise to reach 6.6K tons after two years of decline. Overall, exports, however, recorded a abrupt slump.
In value terms, frozen fish exports surged to $20M in 2022. In general, exports, however, saw a relatively flat trend pattern.
| Export of Frozen Fish in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.6 | 7.4 | 6.6 | 13.3 | 42.5% |
| Colombia | 0.5 | 0.4 | 1.1 | 1.4 | 40.9% |
| Costa Rica | 0.3 | 1.0 | 0.3 | 1.2 | 58.7% |
| Barbados | 1.6 | 0.7 | 0.9 | 1.0 | -14.5% |
| Dominican Republic | 0.4 | 0.5 | 0.9 | 0.8 | 26.0% |
| Aruba | 0.3 | 0.2 | 0.1 | 0.6 | 26.0% |
| Taiwan (Chinese) | 0.5 | 0.3 | 0.3 | 0.3 | -15.7% |
| South Korea | 0.8 | 0.8 | 0.5 | 0.3 | -27.9% |
| Brazil | 0.8 | 0.3 | 0.1 | 0.1 | -50.0% |
| Ecuador | 0.5 | 0.1 | 0.4 | N/A | -10.6% |
| Japan | 1.1 | 0.6 | 0.5 | N/A | -32.6% |
| Portugal | 6.5 | 1.9 | 0.3 | N/A | -78.5% |
| Samoa | 0.5 | 1.4 | 0.4 | N/A | -10.6% |
| Others | 2.6 | 1.1 | 1.3 | 1.4 | -18.6% |
| Total | 21.0 | 16.5 | 13.6 | 20.4 | -1.0% |
Top Export Markets for Frozen Fish from Panama in 2022:
- United States (3584.2 tons)
- Dominican Republic (517.1 tons)
- Colombia (516.2 tons)
- Costa Rica (482.3 tons)
- Barbados (402.1 tons)
- Taiwan (Chinese) (176.0 tons)
- Aruba (161.0 tons)
- South Korea (107.8 tons)
- Brazil (88.8 tons)
- Ecuador (20.1 tons)
- Japan (19.2 tons)
This report provides an in-depth analysis of the frozen fish 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:
- Prodcom 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201600 - Frozen fish livers and roes
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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