Market research

Maize bran, sharps and residues 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 market for maize bran, sharps, and residues in Panama expanded from 25 064 t in 2018 to 29 411 t by 2020. Growth in 2019 coincided with the National Institute of Statistics and Census presenting its agricultural survey for corn, rice, and beans, which provided detailed data on planted area and harvests, supporting better planning and raw material availability for residue production.

Market volume contracted to 27 136 t in 2021 due to widespread disruptions from the COVID-19 pandemic, which impacted the entire agri-food sector. A sharp recovery followed in 2022, with the market surging to 35 001 t, reflecting a post-pandemic rebound in agricultural activity.

Volume stabilized at 34 226 t in 2023, underpinned by state policies including subsidies for corn producers and commitments from industrial companies to purchase domestic corn, which supported both supply and demand. For 2024, continued government support through increased planting incentives and phytosanitary regulations for imports are shaping the market's trajectory.

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. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, kg
  2. 7.1.2. In value, $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, kg
  2. 7.2.2. In value, $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production maize bran, sharps and residues in Panama

In kind, 2017-2020, t

Top producers of maize bran, sharps and residues, 2017-2020

Source: SHEV.io

World map of production of maize bran, sharps and residues, 2017-2020

Source: SHEV.io

Panama's production of maize bran, sharps, and residues has increased for the second year in a row. In 2020, the country produced 29 409 tonnes, marking a 12.8% rise from the previous year. However, looking at the broader period from 2017 to 2020, overall production actually fell by 16.3%, which translates to an average annual decline of 5.8%. The lowest production level was recorded in 2018 at 24 972 tonnes, when output dropped sharply by 28.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(28.9%)	4.4%	12.8%	(5.8%)

Source: SHEV.io

Exports maize bran, sharps and residues from Panama

Industry reports indicate that Panama did not export any maize bran, sharps, or residues between 2017 and 2020.

Imports maize bran, sharps and residues to Panama

Imports in kind, kg

Panama's imports of maize bran, sharps, and residues have declined for the second consecutive year. In 2020, imports totaled 2 049 kilograms, representing a sharp 26.8% decrease from 2019. Over the three-year span from 2018 to 2020, imports plummeted by 97.8%, with an average annual decline of 71.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	(97.0%)	(26.8%)	-

Source: SHEV.io

From 2017 to 2020, the United States was the dominant source for Panama's imports of maize bran, sharps, and residues, accounting for 99.2% of the total volume.

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

Panama's imports of maize bran, sharps, and residues in value terms have also fallen for the second year in a row. In 2020, imports were valued at 2 459 US dollars, a 27.4% drop from the previous year. Between 2018 and 2020, import values decreased by 95.3%, averaging an annual decline of 63.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	(93.5%)	(27.4%)	-

Source: SHEV.io

In terms of value, the United States clearly led as the main supplier of maize bran, sharps, and residues to Panama from 2017 to 2020, making up 98.4% of total imports.

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