Market research

Onions and shallots market in Panama

Release date: Mar 27, 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 volume for fresh onions and shallots in Panama experienced notable fluctuations between 2018 and 2023. Starting at 36 256 t in 2018, it gradually declined over the next two years to 32 907 t in 2020.

A sharp recovery occurred in 2021, with the market expanding by 29% to reach 42 548 t. This surge was followed by a contraction in 2022, bringing the volume down to 33 463 t, and a further slight decrease to 32 727 t in 2023.

Overall, the market ended the period slightly below its 2018 level, with the peak in 2021 representing a temporary deviation from the broader trend.

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, t
    1. 6.1.2.1. Annual dynamics of product's imports to Panama in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Panama by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Panama in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Panama by countries, 2018-2024, K $ 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, t
    1. 6.2.2.1. Annual dynamics of product's imports to Panama in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Panama by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Panama in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Panama by countries, 2018-2024, K $ 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, t
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, t
  2. 7.2.2. In value, K $ 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 onions and shallots in Panama

In kind, 2017-2020, t

Top producers of onions and shallots, 2017-2020

Source: SHEV.io

World map of production of onions and shallots, 2017-2020

Source: SHEV.io

Panama produced 21,966 tonnes of onions and shallots in 2020, representing a 54.4% year-over-year increase. From 2017 to 2020, production grew by 91.9%, which translates to an annualized growth rate of 24.3%. The most significant production decline occurred in 2019, when output fell by 8.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	35.1%	(8.0%)	54.4%	24.3%

Source: SHEV.io

Exports onions and shallots from Panama

According to desk-based market analysis, Panama did not export any onions or shallots between 2017 and 2020.

Imports onions and shallots to Panama

Imports in kind, t

Panama's imports of onions and shallots declined for the second consecutive year. In 2020, imports totaled 10,941 tonnes, marking a 45.5% decrease compared to the previous year. Between 2017 and 2020, imports fell by 42.9%, equivalent to an annualized decline of 17.0%. The highest import volume was recorded in 2018 at 20,787 tonnes, which also saw the largest annual increase of 8.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.5%	(3.4%)	(45.5%)	(17.0%)

Source: SHEV.io

From 2017 to 2020, the United States, the Netherlands, and Spain were the primary sources for Panama's onion and shallot imports by volume. The United States accounted for 51.0% of imports, followed by the Netherlands at 17.7%, and Spain at 7.8%. Together, these three countries represented 76.5% 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

After two years of growth, Panama's imports of onions and shallots by value declined. In 2020, import value stood at 6,250 thousand US dollars, reflecting a 38.3% year-over-year decrease. Between 2017 and 2020, imports decreased by 14.5%, equating to an annualized decline of 5.1%. The peak import value was recorded in 2019 at 10,135 thousand US dollars, which also experienced the largest annual increase of 21.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	14.3%	21.4%	(38.3%)	(5.1%)

Source: SHEV.io

During the 2017–2020 period, the United States, the Netherlands, and Spain consistently dominated Panama's onion and shallot imports by value. The United States held 58.8% of import value, the Netherlands accounted for 13.8%, and Spain represented 8.7%. Collectively, these three markets made up 81.3% 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