The Panamanian sugar cane market skyrocketed to $1.7B in 2024, growing by 44% against the previous year. Overall, consumption, however, continues to indicate a noticeable contraction. Over the period under review, the market hit record highs at $2.7B in 2014; however, from 2015 to 2024, consumption remained at a lower figure.

The Panamanian sugar crop market skyrocketed to $1.7B in 2024, rising by 44% against the previous year. Overall, consumption, however, continues to indicate a pronounced curtailment. Over the period under review, the market hit record highs at $2.7B in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.

After two years of growth, the Panamanian sugar market decreased by -13.1% to $65M in 2024. Over the period under review, consumption continues to indicate a perceptible reduction. Sugar consumption peaked at $85M in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

This dataset contains Food Prices data for Panama, sourced from the World Food Programme Price Database. The World Food Programme Price Database covers foods such as maize, rice, beans, fish, and sugar for 98 countries and some 3000 markets. It is updated weekly but contains to a large extent monthly data. The data goes back as far as 1992 for a few countries, although many countries started reporting from 2003 or thereafter.

In 2023, the amount of sugar cane exported from Panama surged to 2.2 tons, jumping by 60% on the previous year.

699 Global import shipment records of Sugar with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

3943 Global export shipment records of Sugar Cane with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

For the fourth consecutive year, the Panamanian sugars market recorded decline in sales value, which decreased by -8.1% to $14M in 2024. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $19M. From 2016 to 2024, the growth of the market failed to regain momentum.

Statistics illustrates consumption, production, prices, and trade of Sugar Cane in Panama from 2007 to 2024.

The Panamanian market for caramel, maltodextrine and inverted sugar skyrocketed to $1.1M in 2024, rising by 8,168% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a prominent expansion.

After two years of decline, the Panamanian sugar-manufacturing industrial machinery market increased by 336% to $157K in 2024. Over the period under review, consumption continues to indicate a noticeable shrinkage. As a result, consumption attained the peak level of $2.2M. From 2022 to 2024, the growth of the market remained at a somewhat lower figure.

In 2023, overseas purchases of cocoa powder (containing added sugar) decreased by -23.4% to 754 tons, falling for the second consecutive year after two years of growth.

In 2023, purchases abroad of caramel, maltodextrine and inverted sugar decreased by -8.4% to 470 tons, falling for the second year in a row after two years of growth.

In 2023, the amount of industrial machinery for the manufacture or preparation of sugar imported into Panama amounted to 14 units, remaining relatively unchanged against the year before.

The Panamanian market for protein concentrates and flavoured or coloured sugar syrups totaled $4.7M in 2024, approximately equating the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 5.2%. Consumption of peaked in 2024 and is expected to retain growth in the near future.

In 2024, the Panamanian candied fruit market decreased by -17.9% to $576K, falling for the second consecutive year after two years of growth. Overall, consumption, however, continues to indicate slight growth. Candied fruit consumption peaked at $1.2M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.