Updated Jan 7, 2023 21:17

Imports of Frozen Concentrated Orange Juice in Panama

Imports
In , imports of frozen concentrated orange juice into Panama dropped to tons, shrinking by -% against the previous year. Overall, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by % against the previous year. Over the period under review, imports reached the maximum at tons in 2018; however, from 2019 to , imports failed to regain momentum.

In value terms, frozen concentrated orange juice imports dropped to $ in . Over the period under review, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by % against the previous year. Imports peaked at $ in 2018; however, from 2019 to , imports remained at a lower figure.


Imports by Country
The United States ( tons), Brazil ( tons) and Costa Rica ( tons) were the main suppliers of frozen concentrated orange juice imports to Panama, together accounting for % of total imports.

From 2007 to , the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($) constituted the largest supplier of frozen concentrated orange juice to Panama, comprising % of total imports. The second position in the ranking was taken by Costa Rica ($), with a % share of total imports. It was followed by Brazil, with a % share.

From 2007 to , the average annual growth rate of value from the United States stood at +%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+% per year) and Brazil (+% per year).


Import Prices by Country
In , the average frozen concentrated orange juice import price amounted to $ per ton, with an increase of % against the previous year. In general, the import price posted perceptible growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by % against the previous year. As a result, import price reached the peak level of $ per ton. From 2014 to , the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In , the country with the highest price was the United States ($ per ton), while the price for Brazil ($ per ton) was amongst the lowest.

From 2007 to , the most notable rate of growth in terms of prices was attained by the United States (+%), while the prices for the other major suppliers experienced more modest paces of growth.