Bigeye Tuna Price in Panama - 2023

Contents:

1. Bigeye Tuna Price in Panama (CIF) - 2022
2. Bigeye Tuna Price in Panama (FOB) - 2022
3. Bigeye Tuna Imports in Panama
4. Bigeye Tuna Exports in Panama

Bigeye Tuna Price in Panama (CIF) - 2022

The average bigeye tuna import price stood at $1,312 per ton in 2022, reducing by -65% against the previous year. Over the period under review, the import price faced a abrupt slump. The pace of growth appeared the most rapid in 2019 an increase of 41%. Over the period under review, average import prices hit record highs at $7,775 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to 0.0% per year.

Bigeye Tuna Price in Panama (FOB) - 2022

In 2021, the average bigeye tuna export price amounted to $1,215 per ton, approximately equating the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The export price peaked at $2,662 per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($3,899 per ton), while the average price for exports to Ecuador ($766 per ton) was amongst the lowest.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-3.7%), while the prices for the other major destinations experienced a decline.

Bigeye Tuna Imports in Panama

In 2022, after two years of decline, there was significant growth in overseas purchases of bigeye tuna, when their volume increased by 2,945% to 1.2 tons. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bigeye tuna imports skyrocketed to $1.6K in 2022. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Bigeye Tuna to Panama in 2022:

1. Spain (1.2 tons)

Bigeye Tuna Exports in Panama

In 2021, bigeye tuna exports from Panama totaled 47 tons, stabilizing at 2020 figures. In general, exports saw a relatively flat trend pattern. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, bigeye tuna exports stood at $57K in 2021. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Bigeye Tuna from Panama in 2022:

1. Ecuador (20.4 tons)
2. Spain (9.8 tons)
3. El Salvador (9.1 tons)
4. Thailand (4.6 tons)
5. Japan (2.4 tons)
6. Turkey (0.1 tons)

Source: IndexBox Market Intelligence Platform