Price for Wine; Still, in Containers Holding More than 2 Litres in Panama - 2023
Contents:
- Price for Wine; Still, in Containers Holding More than 2 Litres in Panama (CIF) - 2022
- Price for Wine; Still, in Containers Holding More than 2 Litres in Panama (FOB) - 2022
- Imports of Wine; Still, in Containers Holding More than 2 Litres in Panama
- Exports of Wine; Still, in Containers Holding More than 2 Litres in Panama
Price for Wine; Still, in Containers Holding More than 2 Litres in Panama (CIF) - 2022
The average import price for wine; still, in containers holding more than 2 litreses stood at $5.6 per litre in 2022, falling by -9.9% against the previous year. In general, the import price, however, posted a measured expansion. The pace of growth appeared the most rapid in 2018 an increase of 77%. Over the period under review, average import prices reached the peak figure at $8 per litre in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($11 per litre), while the price for Mexico ($1.5 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wine; Still, in Containers Holding More than 2 Litres in Panama (FOB) - 2022
In 2022, the average export price for wine; still, in containers holding more than 2 litreses amounted to $4.1 per litre, with an increase of 119% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. The export price peaked at $9.1 per litre in 2013; however, from 2014 to 2022, the export prices remained at a 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 Costa Rica ($24 per litre), while the average price for exports to Jamaica ($2.1 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wine; Still, in Containers Holding More than 2 Litres in Panama
Imports of wine; still, in containers holding more than 2 litreses into Panama skyrocketed to 135K litres in 2022, increasing by 27% compared with 2021 figures. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 106% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of wine; still, in containers holding more than 2 litreses reached $751K in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Wine; Still, in Containers Holding More than 2 Litres in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 279 | 282 | 356 | 454 | 17.6% |
| Chile | 140 | 51.7 | 96.5 | 121 | -4.7% |
| Argentina | 25.6 | 8.1 | 86.8 | 117 | 66.0% |
| United States | 66.8 | 6.8 | 2.3 | 18.7 | -34.6% |
| Italy | 75.6 | 44.3 | 102 | 9.2 | -50.4% |
| Mexico | N/A | 14.3 | 10.2 | 6.5 | -32.6% |
| Netherlands | N/A | N/A | N/A | 4.1 | 0% |
| Others | 38.1 | 3.1 | 2.0 | 20.3 | -18.9% |
| Total | 625 | 411 | 655 | 751 | 6.3% |
Top Suppliers of Wine; Still, in Containers Holding More than 2 Litres to Panama in 2022:
- Spain (96.7K litres)
- Chile (13.3K litres)
- Argentina (10.9K litres)
- Mexico (4.3K litres)
- United States (2.5K litres)
- Netherlands (2.3K litres)
- Italy (1.9K litres)
Exports of Wine; Still, in Containers Holding More than 2 Litres in Panama
Exports of wine; still, in containers holding more than 2 litreses from Panama shrank rapidly to 34K litres in 2022, waning by -43.3% on the previous year's figure. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 264%. As a result, the exports reached the peak of 61K litres, and then shrank markedly in the following year.
In value terms, exports of wine; still, in containers holding more than 2 litreses soared to $142K in 2022. Overall, exports, however, showed pronounced growth. The most prominent rate of growth was recorded in 2021 when exports increased by 301%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Wine; Still, in Containers Holding More than 2 Litres in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belize | 46.7 | 23.2 | 48.7 | 65.0 | 11.7% |
| Costa Rica | N/A | N/A | 6.0 | 52.4 | 773.3% |
| Jamaica | 32.1 | N/A | 17.7 | 15.7 | -21.2% |
| Angola | N/A | N/A | 19.2 | N/A | 0% |
| Others | 52.2 | 5.4 | 22.8 | 9.1 | -44.1% |
| Total | 131 | 28.6 | 114 | 142 | 2.7% |
Top Export Markets for Wine; Still, in Containers Holding More than 2 Litres from Panama in 2022:
- Belize (24.5K litres)
- Jamaica (7.5K litres)
- Costa Rica (2.2K litres)
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