Market research

Cassava market in Panama

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Cassava production in Panama expanded significantly from 17 320 tons in 2018 to over 30 500 tons in 2021, driven by institutional support for research and market diversification. The Agricultural Innovation Institute of Panama (IDIAP) promoted technology adoption in the cassava sector, while the Ministry of Commerce and Industry actively sought new international outlets for fresh and processed cassava. These efforts helped boost planned production volumes despite persistent challenges like high per-hectare costs and climate variability.

After peaking in 2021, production declined to 27 578 tons in 2022 and further to 24 399 tons in 2023. This downturn coincided with continued pressure from production costs and crop diseases, alongside structural limits on industrialization due to high domestic consumption of fresh cassava. The market remained anchored to traditional Brazilian and Valencia varieties, with most output destined for local sale rather than higher-value processed goods.

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. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Panama in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Panama by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Panama in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Panama by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Panama, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Panama by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Panama in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Panama by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Panama in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Panama by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Panama, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Panama by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Panama in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Panama by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Panama in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Panama by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Panama, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Panama by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Panama in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Panama by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Panama in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Panama by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Panama, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to 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 cassava in Panama

In kind, 2017-2020, t

Top producers of cassava, 2017-2020

Source: SHEV.io

World map of production of cassava, 2017-2020

Source: SHEV.io

Panama's cassava production increased for the second consecutive year. In 2020, the country produced 27 043 tons of cassava, marking a moderate 3.7% year-over-year increase. Over the 2017-2020 period, production grew by 26.3%, with an 8.1% compound annual growth rate. The lowest production level was recorded in 2018 at 17 320 tons, which represented a 19.1% decline from the previous year. The largest increase occurred in 2019, with production jumping by 50.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(19.1%)	50.5%	3.7%	8.1%

Source: SHEV.io

Exports cassava from Panama

Exports in kind, t

The cassava export market showed significant volatility during the observed period. From 2018 to 2020, exports fluctuated dramatically with a seven-fold difference between the peak and trough. Panama exported 32.7 tons of cassava in 2020, representing an 80.5% decline compared to the previous year. The highest export volume was recorded in 2018 at 230.0 tons, which marked a 47.3% increase from 2017.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	47.3%	(27.3%)	(80.5%)	(40.6%)

Source: SHEV.io

From 2017 to 2020, the United States remained the overwhelmingly dominant buyer of Panamanian cassava, accounting for 94.4% of total exports in volume terms.

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

The cassava export market exhibited considerable volatility during these years. Exports varied by a factor of 10.3 between the 2018 peak and 2020 low. In 2020, cassava exports from Panama reached $12.4 thousand, marking a steep 86.6% reduction compared to the previous year. The maximum value was recorded in 2018 at $127.5 thousand, which represented a 44.4% increase from 2017.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	44.4%	(27.3%)	(86.6%)	(48.0%)

Source: SHEV.io

From 2017 to 2020, the United States effectively dominated cassava exports from Panama in value terms, accounting for 96.1% of total export 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 cassava to Panama

Imports in kind, t

Panama's cassava imports declined for the third consecutive year. In 2020, the country imported 0.0 tons of cassava, representing an intense 75.2% decrease compared to the previous year. Over the 2017-2020 period, imports decreased by 90.3%, with a compound annual decline rate of 54.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.0%)	(60.6%)	(75.2%)	(54.1%)

Source: SHEV.io

From 2017 to 2020, Costa Rica remained the leading supplier of cassava to Panama, accounting for 80.5% of total imports in volume terms, while the remainder was distributed among numerous other countries.

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

The cassava import market showed signs of volatility during the observed period. Imports varied by a factor of 10.1 between the 2018 maximum and 2020 minimum. In 2020, Panama's cassava imports totaled $22.4 thousand, showing an intense 63.6% decrease compared to 2019. The highest value was recorded in 2018 at $225.0 thousand, which represented a 13.1% increase from 2017. The largest decline occurred in 2019, with imports falling by 72.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	13.1%	(72.6%)	(63.6%)	(51.7%)

Source: SHEV.io

From 2017 to 2020, the import structure in value terms was characterized by Costa Rica's predominance, which accounted for 79.7% of total flows, along with a large number of minor trading partners.

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