Market research

Grape wine market in Panama

Release date: Mar 29, 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 grape wine market in Panama showed significant volume changes from 2018 to 2023. It grew sharply from 5 600 thousand liters in 2018 to 8 128 thousand liters in 2019, then fell to 6 026 thousand liters in 2020. The market stabilized near 5 900 thousand liters in 2021 and 2022, before decreasing to 4 906 thousand liters in 2023.

Recent import trends are influenced by trade policy. Tariff reductions under free trade agreements with Chile and Spain, the main supply countries, support wine imports into Panama. The Colon Free Zone also plays a key role in facilitating trade and re-export, while the local market remains small with a developing wine culture.

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, K l
  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, K l
  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, K l
  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, K l
    1. 6.1.2.1. Annual dynamics of product's exports from Panama in kind, 2018-2024, K l
    2. 6.1.2.2. Dynamics of product's exports in kind from Panama by countries, 2018-2024, K l
    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/K l
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Panama, 2018-2024, $ US/K l
    2. 6.1.4.2. Dynamics of average price of product's exports from Panama by countries, 2018-2024, $ US/K l
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K l
    1. 6.2.2.1. Annual dynamics of product's exports from Panama in kind, 2018-2024, K l
    2. 6.2.2.2. Dynamics of product's exports in kind from Panama by countries, 2018-2024, K l
    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/K l
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Panama, 2018-2024, $ US/K l
    2. 6.2.4.2. Dynamics of average price of product's exports from Panama by countries, 2018-2024, $ US/K l
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K l
    1. 7.1.2.1. Annual dynamics of product's imports to Panama in kind, 2018-2024, K l
    2. 7.1.2.2. Dynamics of product's imports in kind to Panama by countries, 2018-2024, K l
    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/K l
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Panama, 2018-2024, $ US/K l
    2. 7.1.4.2. Dynamics of average price of product's imports to Panama by countries, 2018-2024, $ US/K l
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K l
    1. 7.2.2.1. Annual dynamics of product's imports to Panama in kind, 2018-2024, K l
    2. 7.2.2.2. Dynamics of product's imports in kind to Panama by countries, 2018-2024, K l
    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/K l
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Panama, 2018-2024, $ US/K l
    2. 7.2.4.2. Dynamics of average price of product's imports to Panama by countries, 2018-2024, $ US/K l
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K l
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K l
  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 grape wine in Panama

In kind, 2017-2020, K l

Top producers of grape wine, 2017-2020

Source: SHEV.io

World map of production of grape wine, 2017-2020

Source: SHEV.io

In 2020, Panama produced 79.0 K l of grape wine, marking a 16.8% decrease from the previous year. From 2017 to 2020, production fell by 34.2%, which translates to an annualized decline of 13.0%. The most significant drop occurred in 2018, with a 30.8% reduction, while the largest increase was seen in 2019, at 14.5%.

Annual dynamics of production in Panama in kind, 2017-2020, K l

Parameter		2018	2019	2020	CAGR
1	Change from last year	(30.8%)	14.5%	(16.8%)	(13.0%)

Source: SHEV.io

Exports grape wine from Panama

Exports in kind, K l

Panama's cross-border shipments of grape wine declined for the second year in a row. In 2020, exports totaled 1 557 K l, down 54.0% compared to 2019. Over the 2017-2020 period, exports decreased by 40.5%, with a compound annual growth rate (CAGR) of -15.9%. The peak was in 2018 at 3 832 K l, which also saw the largest increase of 46.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	46.4%	(11.7%)	(54.0%)	(15.9%)

Source: SHEV.io

An analysis of exports in kind from 2017 to 2020 reveals a wide distribution across numerous markets. Colombia accounted for 13.8% of exports, the Netherlands for 13.6%, and Costa Rica for 10.2%, together making up 37.6% of total flows. The remaining 62.4% was spread among other trading partners.

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 grape wine export volume declined for the second consecutive year. In 2020, exports amounted to 8 078 K $ US, reflecting a 32.4% year-over-year loss. Between 2017 and 2020, exports decreased by 33.2%, equating to an annualized rate of -12.6%. The highest value was recorded in 2018 at 12 549 K $ US, which also experienced the largest increase of 3.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.8%	(4.8%)	(32.4%)	(12.6%)

Source: SHEV.io

From 2017 to 2020, the Netherlands, Colombia, and Costa Rica were the top buyers of grape wine from Panama in value terms, with shares of 13.3%, 11.4%, and 7.8%, respectively. However, their combined contribution was only 32.5% of total exports, indicating a diversified country structure.

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 grape wine to Panama

Imports in kind, K l

In 2020, Panama's cross-border shipments of grape wine reached 8 187 K l, a 28.3% decline from 2019. Between 2017 and 2020, imports decreased by 19.6%, with an annualized rate of -7.0%. The maximum value was in 2019 at 11 415 K l, which also saw the largest increase of 24.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(10.1%)	24.8%	(28.3%)	(7.0%)

Source: SHEV.io

From 2017 to 2020, Chile, Spain, and the United States led as the main suppliers of grape wine to Panama in kind. Chile accounted for 43.2% of imports, Spain for 16.9%, and the United States for 10.2%, together representing 70.2% of total imports.

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

After two years of growth, Panama's grape wine import volume declined. In 2020, imports stood at 29 804 K $ US, down 23.7% from the previous year. Over the 2017-2020 period, imports decreased by 19.2%, with a CAGR of -6.9%. The peak was in 2019 at 39 050 K $ US, while the largest increase occurred in 2018 at 3.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.9%	1.9%	(23.7%)	(6.9%)

Source: SHEV.io

In the 2017-2020 period, Chile, Spain, and France were the principal sources for Panama's grape wine imports in value terms. Chile contributed 28.7%, Spain 18.5%, and France 13.9%, jointly accounting for 61.1% 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