Dried shelled pigeon peas market in Panama

Earlier Report Observations

The market for dried shelled pigeon peas in Panama opened the period with robust demand, particularly during the traditional year-end holiday season, which helped sustain a volume of 2 109 t in 2018. This momentum carried into 2019, with market size growing to 2 264 t. A significant downturn occurred in 2020, when volume contracted sharply to 1 601 t, a period marked by reports of high prices indicating considerable pressure on supply or demand.

Market volume recovered to 2 002 t in 2021 and reached 2 102 t in 2022. That year, heavy rains in the final quarter damaged pigeon pea plantations in several regions, causing local shortages and driving retail prices higher, though the total market volume remained resilient. A slight decrease followed in 2023, with volume settling at 2 033 t. By 2024, agricultural data indicated a rebound in the sector, with planted area meeting nearly 91% of targets and production showing recovery, pointing to a stabilization of supply.

Production dried shelled pigeon peas in Panama

In kind, 2017-2020, t

From 2017 to 2020, Panama ranked as the 16th largest producer of dried shelled pigeon peas globally.

Top producers of dried shelled pigeon peas, 2017-2020

World map of production of dried shelled pigeon peas, 2017-2020

After two consecutive years of growth, Panama's production of dried shelled pigeon peas declined. In 2020, the country produced 1 451 tonnes, which represents a 27.2% decrease compared to the previous year. Over the entire period from 2017 to 2020, production fell by 27%, translating to an average annual decline of 9.9%. The peak production was recorded in 2019 at 1 992 tonnes, with the largest year-on-year increase of 0.2% also occurring that year.

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

Exports dried shelled pigeon peas from Panama

Exports in kind, t

In 2020, Panama exported 0.3 tonnes of dried shelled pigeon peas, showing only minor fluctuations compared to 2019. Over the 2017-2020 period, exports plummeted by 99.6%, with a compound annual growth rate of -83.7%.

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

Between 2017 and 2020, Venezuela dominated Panama's dried shelled pigeon peas exports in volume, accounting for 99.0% of the total shipments.

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

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

Exports in value, K $ US

In 2020, Panama's dried shelled pigeon peas exports were valued at 0.4 thousand US dollars, remaining largely stable compared to the previous year. From 2017 to 2020, export value dropped by 99.6%, equivalent to an average annual decrease of 84.4%.

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

From 2017 to 2020, Venezuela was the primary destination for Panama's dried shelled pigeon peas exports in value terms, holding a 98.6% share of the total.

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

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

Imports dried shelled pigeon peas to Panama

Imports in kind, t

The import market exhibited volatility during the observed period. Imports reached their lowest point in 2018 at 121.4 tonnes and peaked in 2017, with a threefold difference between these years. In 2020, Panama imported 150.1 tonnes of dried shelled pigeon peas, marking a sharp decline of 44.8% year-on-year. The largest decrease occurred in 2018 at 67.2%, while the most significant increase was recorded in 2019 at 123.8%.

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

From 2017 to 2020, Peru was the overwhelming source for Panama's dried shelled pigeon peas imports in volume, representing 99.9% of the total.

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

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

Imports in value, K $ US

The import market showed considerable volatility over the period. The lowest value was recorded in 2018 at 122.2 thousand US dollars, while the highest was in 2017, with a 4.2-fold gap between them. In 2020, Panama's imports of dried shelled pigeon peas amounted to 160.2 thousand US dollars, experiencing a dramatic drop of 45.4% compared to the previous year. The largest decline occurred in 2018 at 76.2%, and the most substantial increase was in 2019 at 140.3%.

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

Between 2017 and 2020, Peru effectively monopolized Panama's dried shelled pigeon peas imports in value terms, capturing 99.8% of the total.

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

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