Market research

Cereal germ market in Panama

Release date: Mar 28, 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

The cereal germ market in Panama expanded significantly from 2018 to 2022, with its volume growing from 7 000 t to 10 446 t. Production followed a similar upward trajectory, reaching 10 443 t in 2022 after a temporary dip in 2021. This period of growth established a substantially larger market base by the end of 2022.

In 2023, the market volume stabilized at 10 233 t, with production at 10 231 t. This coincided with broader challenges in the country's cereal sector, notably a sharp increase in fertilizer prices that raised production costs for key grains like rice. Concurrently, the Institute of Agricultural Marketing (IMA) resumed operating free fairs to sell rice at controlled prices, an intervention that likely influenced supply chains for cereal by-products including germ.

The year 2024 saw the implementation of major new food regulations. The Panamanian Food Agency (APA) was established to oversee all domestic and imported food products, enforcing stricter sanitary registration and labeling rules. Furthermore, the Front-of-Pack Nutrition Warning Labeling Law was fully enacted, prohibiting marketing aimed at children for products carrying health warning seals. These regulatory changes reshaped the operating environment for food markets in Panama.

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, kg
    1. 6.1.2.1. Annual dynamics of product's imports to Panama in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Panama by countries, 2018-2024, kg
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Panama in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Panama by countries, 2018-2024, $ 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, kg
    1. 6.2.2.1. Annual dynamics of product's imports to Panama in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Panama by countries, 2018-2024, kg
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Panama in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Panama by countries, 2018-2024, $ 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, kg
    1. 7.1.2.1. Annual dynamics of product's exports from Panama in kind, 2018-2024, kg
    2. 7.1.2.2. Dynamics of product's exports in kind from Panama by countries, 2018-2024, kg
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Panama in value, 2018-2024, $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Panama by countries, 2018-2024, $ 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, kg
    1. 7.2.2.1. Annual dynamics of product's exports from Panama in kind, 2018-2024, kg
    2. 7.2.2.2. Dynamics of product's exports in kind from Panama by countries, 2018-2024, kg
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Panama in value, 2018-2024, $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Panama by countries, 2018-2024, $ 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, kg
  2. 8.1.2. In value, $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, kg
  2. 8.2.2. In value, $ 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 cereal germ in Panama

In kind, 2017-2020, t

Top producers of cereal germ, 2017-2020

Source: SHEV.io

World map of production of cereal germ, 2017-2020

Source: SHEV.io

Panama's cereal germ production grew for the second year in a row. In 2020, the country produced 8 846 tonnes of cereal germ, representing a 21.1% increase compared to the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	4.4%	21.1%	-

Source: SHEV.io

Exports cereal germ from Panama

Exports in kind, kg

In 2019, Panama exported 180 kg of cereal germ, which marked a sharp decline of 92.8% from the year before.

Annual dynamics of product's exports from Panama in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	(92.8%)	n/a	-

Source: SHEV.io

From 2017 to 2020, Panama's exports in kind were heavily concentrated on the Dominican Republic, which accounted for 82.3% of total flows, while other partners made up the remainder.

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, $ US

In 2019, Panama's cereal germ export value stood at 131 US dollars, reflecting a dramatic 88.0% year-over-year drop.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	(88.0%)	n/a	-

Source: SHEV.io

Between 2017 and 2020, the Dominican Republic continued to be the leading destination for exports in value terms, holding a 73.4% share of total flows, with the rest distributed among other markets.

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 cereal germ to Panama

Imports in kind, kg

The market exhibited volatility during this period. Imports reached their lowest point in 2020 at 4 949 kg, down 91.0% from the previous year, after peaking in 2019 at 54 743 kg. The largest increase occurred in 2019, with a surge of 770.4%, resulting in an 11.1-fold fluctuation between the high and low points.

Annual dynamics of product's imports to Panama in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	(19.9%)	770.4%	(91.0%)	(14.3%)

Source: SHEV.io

From 2017 to 2020, China, Guatemala, and Malaysia were the key sources for Panama's cereal germ imports in kind, accounting for 41.4%, 24.5%, and 15.9% respectively, and together making up 81.7% of total flows.

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, $ US

Imports showed volatility over the observed years. They fell to 8 249 US dollars in 2020, a dramatic 69.4% decrease from the previous year, following a high of 26 962 US dollars in 2019. The largest increase was recorded in 2019 at 164.6%, leading to a 3.3-fold variation between the peak and trough.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(28.3%)	164.6%	(69.4%)	(16.6%)

Source: SHEV.io

Throughout 2017–2020, Guatemala, the United States, and China dominated Panama's cereal germ imports in value terms, collectively representing 85.2% of total flows.

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