Market research

Carrots and turnips market in Panama

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

In 2018, the market for fresh carrots and turnips in Panama reached 4 560 tons. The following year, market volume halved to 2 260 tons. By 2020, the market stabilized at 2 330 tons, as the COVID-19 pandemic impacted supply chains and consumption patterns in the fresh produce sector.

Growth resumed in 2021, with the market expanding to 2 593 tons. This increase was supported by public policies aimed at raising agricultural productivity and competitiveness, alongside a consumer trend toward fresh and healthy foods. A temporary dip to 2 425 tons occurred in 2022, linked to ongoing pandemic-related disruptions in the supply chain. The market recovered to 2 588 tons in 2023, partly due to government measures such as subsidies on fuels and medicines, which enhanced household purchasing power and stimulated fresh food consumption.

In 2024, agencies like PROPANAMA advanced strategies to attract investment and promote exports of Panamanian agricultural products, including fresh vegetables, to international markets. Concurrently, imports of carrots and turnips rose to 518 tons, reflecting continued integration into global supply networks.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Panama
  1. 5.1.1. Annual dynamics of production in Panama in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Panama in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Panama in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Panama by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Panama in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Panama by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Panama, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Panama by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Panama in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Panama by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Panama in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Panama by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Panama, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Panama by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Panama in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Panama by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Panama in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Panama by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Panama, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Panama by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Panama in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Panama by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Panama in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Panama by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Panama, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Panama by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production carrots and turnips in Panama

In kind, 2017-2020, t

Top producers of carrots and turnips, 2017-2020

Source: SHEV.io

World map of production of carrots and turnips, 2017-2020

Source: SHEV.io

Panama's production of carrots and turnips has declined for the second year in a row. In 2020, the country produced 1 633 tonnes, marking a slight year-on-year decrease of 1.8%. Looking at the period from 2017 to 2020, production fell by 62.4%, with an average annual decline of 27.8%. The highest production level was recorded in 2018 at 4 370 tonnes. The most significant drop occurred in 2019, with a 61.9% decrease, while the largest increase was seen in 2018 at 0.6%.

Annual dynamics of production in Panama in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.6%	(61.9%)	(1.8%)	(27.8%)

Source: SHEV.io

Exports carrots and turnips from Panama

Exports in kind, t

Annual dynamics of product's exports from Panama in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, Costa Rica and Honduras were the two main markets for Panama's exports in kind, together accounting for 100.0% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Panama in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Annual dynamics of product's exports from Panama in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

During the 2017–2020 period, Costa Rica and Honduras dominated Panama's exports in value terms, jointly representing 100.0% of total flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Panama in value, 2017-2020

Source: SHEV.io

Imports carrots and turnips to Panama

Imports in kind, t

The market showed noticeable fluctuations over this period. Imports reached their lowest point in 2018 at 192.3 tonnes and peaked in 2020 at 697.5 tonnes, representing a 3.6-fold difference. In 2020, Panama imported 697.5 tonnes of carrots and turnips, reflecting a significant year-on-year increase of 16.9%. The largest decline was recorded in 2018 at 20.7%, while the most substantial increase occurred in 2019 at 210.3%.

Annual dynamics of product's imports to Panama in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(20.7%)	210.3%	16.9%	42.2%

Source: SHEV.io

From 2017 to 2020, Panama's imports in kind of carrots and turnips were primarily sourced from Costa Rica and the United States, which together accounted for 96.2% of total flows, with other destinations playing a minor role.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Panama in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Panama's imports of carrots and turnips in value terms have increased for the third consecutive year. In 2020, imports amounted to 635.4 thousand US dollars, showing a modest year-on-year rise of 2.6%. Over the 2017–2020 period, imports grew by 138.7%, with an average annual growth rate of 33.6%.

Annual dynamics of product's imports to Panama in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	10.5%	110.4%	2.6%	33.6%

Source: SHEV.io

Throughout 2017–2020, the United States and Costa Rica accounted for 88.8% of Panama's total imports in value terms, with the remaining share distributed among other destinations, each contributing smaller amounts.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Panama in value, 2017-2020

Source: SHEV.io