Price for Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in Panama - 2023
Contents:
- Price for Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in Panama (CIF) - 2023
- Price for Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in Panama (FOB) - 2022
- Imports of Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in Panama
- Exports of Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in Panama
Price for Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in Panama (CIF) - 2023
The average import price for onions, shallots, garlic, leeks and other alliaceous vegetables; fresh or chilleds stood at $770 per ton in November 2023, dropping by -3.5% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 49% month-to-month. As a result, import price attained the peak level of $1,766 per ton. From August 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,823 per ton), while the price for Spain ($611 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced a decline.
Price for Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in Panama (FOB) - 2022
The average export price for onions, shallots, garlic, leeks and other alliaceous vegetables; fresh or chilleds stood at $785 per ton in 2022, declining by -52.2% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The growth pace was the most rapid in 2021 when the average export price increased by 176% against the previous year. As a result, the export price reached the peak level of $1,642 per ton, and then fell notably in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($2,282 per ton), while the average price for exports to Bahrain ($559 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 Austria (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in Panama
In 2022, the amount of onions, shallots, garlic, leeks and other alliaceous vegetables; fresh or chilleds imported into Panama contracted significantly to 12K tons, dropping by -36.4% compared with the previous year. Overall, imports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year.
In value terms, imports of onions, shallots, garlic, leeks and other alliaceous vegetables; fresh or chilleds reduced sharply to $11M in 2022. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, imports reached the peak of $15M, and then declined dramatically in the following year.
| Import of Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 3.9 | 5.7 | 5.9 | 11.1% |
| Spain | 0.7 | 1.6 | 1.8 | 3.1 | 64.2% |
| United States | 4.2 | 3.1 | 4.2 | 2.3 | -18.2% |
| Peru | 1.0 | 0.7 | 0.7 | N/A | -16.3% |
| Netherlands | 3.7 | 2.2 | 1.9 | N/A | -28.3% |
| Others | 0.3 | 0.2 | 0.3 | N/A | 0.0% |
| Total | 14.3 | 11.6 | 14.7 | 11.4 | -7.3% |
Top Suppliers of Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled to Panama in 2022:
- Spain (4.9K tons)
- China (3.7K tons)
- United States (3.1K tons)
Exports of Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in Panama
In 2022, approx. 52 tons of onions, shallots, garlic, leeks and other alliaceous vegetables; fresh or chilleds were exported from Panama; rising by 81% on 2021. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +6.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.2% against 2020 indices.
In value terms, exports of onions, shallots, garlic, leeks and other alliaceous vegetables; fresh or chilleds dropped to $41K in 2022. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 60%.
| Export of Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 13.5 | 23.8 | 0.6 | 22.4 | 18.4% |
| Bahrain | 7.0 | 9.2 | 3.0 | 14.5 | 27.5% |
| Austria | 0.2 | 0.6 | 0.4 | 3.6 | 162.1% |
| Guyana | N/A | N/A | 42.9 | N/A | 0% |
| Others | 0.7 | 0.6 | N/A | N/A | -14.3% |
| Total | 21.4 | 34.2 | 46.9 | 40.5 | 23.7% |
Top Export Markets for Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled from Panama in 2022:
- Bahrain (26.0 tons)
- Guatemala (24.1 tons)
- Austria (1.6 tons)
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