Market research

Coconuts, Brazil nuts and cashews market in Panama

Coconuts, Brazil nuts and cashews market in Panama

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:
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Earlier Report Observations

From 2018 to 2024, Panama's market for coconuts, Brazil nuts, and cashews showed consistent growth in both production and total market volume. Production rose gradually from 15 610 t in 2018 to 15 967 t in 2021, then surged by over 20% to 19 208 t in 2022, where it remained in 2023. The overall market size followed a similar pattern, reaching 19 313 t in 2023, up 23% from 15 679 t in 2018.

Despite this expansion, the cashew segment faced phytosanitary issues that limited Panama's export competitiveness, as noted in 2020. Regional trade data from 2022 indicated Panama was not a significant exporter, suggesting a market still reliant on imports for certain nuts, yet domestic production and consumption continued to grow throughout the period.

Table of content

  1. 1. Disclaimer
  2. 2. Terms of use of the report
  3. 3. Product codes in the statistical classifications used in the report
  4. 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. 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. 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. 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. 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. 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 coconuts, Brazil nuts and cashews in Panama

In kind, 2017-2020, t

Top producers of coconuts, Brazil nuts and cashews, 2017-2020

Source: SHEV.io

World map of production of coconuts, Brazil nuts and cashews, 2017-2020

Source: SHEV.io

Panama's production of coconuts, Brazil nuts, and cashews has increased for the second consecutive year. In 2020, the country produced 15 847 tons, marking a slight 0.8% rise compared to 2019. The lowest production level was recorded in 2018 at 15 610 tons, which also saw the largest decline of 0.8%. The most significant increase occurred in 2019, also at 0.8%.

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

Parameter201820192020CAGR
1Change from last year(0.8%)0.8%0.8%0.2%
Source: SHEV.io

Exports coconuts, Brazil nuts and cashews from Panama

Exports in kind, t

Panama's exports of coconuts, Brazil nuts, and cashews have declined for the third consecutive year. In 2020, exports stood at 1.2 tons, representing a sharp 66.7% decrease compared to 2019. Over the period from 2017 to 2020, exports fell by 97.7%, which translates to an annualized decline rate of 71.6%.

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

Parameter201820192020CAGR
1Change from last year(78.0%)(68.7%)(66.7%)(71.6%)
Source: SHEV.io

From 2017 to 2020, three key markets—India, Belgium, and Costa Rica—collectively accounted for 85.9% of Panama's total exports of coconuts, Brazil nuts, and cashews 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

Panama's cross-border shipments of coconuts, Brazil nuts, and cashews have decreased for the third consecutive year. In 2020, exports amounted to 8.8 thousand US dollars, reflecting a significant 67.1% drop compared to 2019. Between 2017 and 2020, exports declined by 92%, equivalent to an annualized rate of 56.9%.

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

Parameter201820192020CAGR
1Change from last year(63.0%)(34.4%)(67.1%)(56.9%)
Source: SHEV.io

From 2017 to 2020, India, Costa Rica, and Belgium were the primary destinations for Panama's exports of coconuts, Brazil nuts, and cashews in value terms. India accounted for 30.7% of exports, Costa Rica for 18.6%, and Belgium for 8.1%, together representing 57.3% 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 coconuts, Brazil nuts and cashews to Panama

Imports in kind, t

Panama imported 95.4 tons of coconuts, Brazil nuts, and cashews in 2020, down by 20.3% year-over-year. Over the period from 2017 to 2020, imports increased by 12.6%, equating to an annualized growth rate of 4.0%. The lowest import volume was recorded in 2018 at 80.8 tons, while the highest was in 2019 at 119.7 tons, which also saw the largest increase of 48.1%.

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

Parameter201820192020CAGR
1Change from last year(4.6%)48.1%(20.3%)4.0%
Source: SHEV.io

From 2017 to 2020, the Philippines, the United States, and India were the main sources of Panama's imports of coconuts, Brazil nuts, and cashews in volume terms. The Philippines contributed 43.8% of imports, the United States 18.0%, and India 17.4%, together making up 79.2% of total import 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, K $ US

Panama imported a total of 398.7 thousand US dollars worth of coconuts, Brazil nuts, and cashews in 2020, down by 2.8% year-over-year. The lowest import value was recorded in 2018 at 316.2 thousand US dollars, which also experienced the largest decline of 19.9%. The highest import value was in 2019 at 410.3 thousand US dollars, marking the largest increase of 29.7%.

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

Parameter201820192020CAGR
1Change from last year(19.9%)29.7%(2.8%)0.3%
Source: SHEV.io

From 2017 to 2020, the Philippines, India, and the United States were the leading sources of Panama's imports of coconuts, Brazil nuts, and cashews in value terms. The Philippines accounted for 26.1% of imports, India for 23.0%, and the United States for 22.9%, collectively representing 72.0% of total import 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

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