Unroasted, not decaffeinated coffee market in Panama

Earlier Report Observations

The market for unroasted, not decaffeinated coffee in Panama showed significant growth from 7,293 tons in 2018 to 11,393 tons in 2023, with a notable peak in 2019 followed by a temporary contraction in 2020. Production initially faced structural challenges including labor shortages and pest outbreaks, which kept domestic output restrained.

From 2021, the government introduced non-automatic licensing for roasted coffee imports to protect local producers, creating a more favorable environment for the domestic coffee sector. This was followed in 2022 by the enactment of Law No. 326, which established direct incentives for coffee production, processing, and development, contributing to a steady recovery in output.

The market's expansion was further reinforced by rising international demand for Panama's high-value Geisha coffee, which commanded record prices and increased production incentives, supporting market growth through the end of the period.

Production unroasted, not decaffeinated coffee in Panama

In kind, 2017-2020, t

Top producers of unroasted, not decaffeinated coffee, 2017-2020

World map of production of unroasted, not decaffeinated coffee, 2017-2020

Panama produced 6,254 tons of unroasted, non-decaffeinated coffee in 2020, marking a sharp decline of 25.3% compared to 2019. Over the period from 2017 to 2020, production decreased by 5.1%, which translates to an annualized rate of 1.7%. The lowest production level was recorded in 2018 at 5,579 tons, while the peak occurred in 2019 with 8,371 tons. The most significant increase was observed in 2019, when production surged by 50.0%.

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

In value, 2017-2020, K $ US

In 2020, the output of unroasted, non-decaffeinated coffee in Panama was valued at $25,170 thousand US dollars, representing a drop of 30.5% from the previous year. From 2017 to 2020, production value fell by 19.9%, equating to an annualized decrease of 7.1%. The highest value was recorded in 2019 at $36,234 thousand US dollars, with the largest increase that year of 15.3%.

Annual dynamics of production in Panama in value, 2017-2020, K $ US

Exports unroasted, not decaffeinated coffee from Panama

Exports in kind, t

The market exhibited volatility during the observed period. Exports reached their lowest point in 2019 at 236 tons and peaked in 2017, showing a 6.9-fold difference between these years. In 2020, Panama exported 563 tons of unroasted, non-decaffeinated coffee, reflecting a significant year-on-year increase of 138.3%. The most substantial decline occurred in 2018, when exports fell by 84.7%.

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

From 2017 to 2020, the United States, Japan, and Asia (not elsewhere specified) were the primary destinations for Panama's unroasted, non-decaffeinated coffee exports in kind. Together, they accounted for 74.3% of total exports, with the United States leading at 52.9%, followed by Japan at 12.0%, and Asia at 9.5%.

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

Market performance showed noticeable fluctuations over the period. Exports hit their lowest point in 2019 and peaked in 2017, with a 7.6-fold gap between these years. In 2020, unroasted, non-decaffeinated coffee deliveries from Panama reached $2,266 thousand US dollars, indicating a sharp rise of 121.6% compared to 2019. The most significant decline was recorded in 2018, with a drop of 82.0%.

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

Between 2017 and 2020, the United States, Japan, and Asia (not elsewhere specified) were the main destinations for Panama's unroasted, non-decaffeinated coffee exports in value terms. Collectively, they absorbed 75.9% of total exports, with the United States accounting for 54.8%, Japan for 11.7%, and Asia for 9.3%.

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

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

Imports unroasted, not decaffeinated coffee to Panama

Imports in kind, t

In 2020, Panama imported 1,778 tons of unroasted, non-decaffeinated coffee, representing a decrease of 29.4% compared to 2019. Over the period from 2017 to 2020, imports fell by 25.5%, which corresponds to an annualized rate of 9.3%. The highest import level was recorded in 2019 at 2,518 tons, with the largest increase that year of 28.4%.

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

From 2017 to 2020, Vietnam, Honduras, and Nicaragua were the largest contributors to Panama's imports of unroasted, non-decaffeinated coffee in kind. Together, they accounted for 70.7% of total imports, with Vietnam at 26.9%, Honduras at 22.0%, and Nicaragua at 21.7%.

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

In 2020, Panama's imports of unroasted, non-decaffeinated coffee amounted to $4,322 thousand US dollars, marking a sharp decline of 29.9% compared to 2019. Over the 2017-2020 period, imports decreased by 19.9%, with a compound annual growth rate (CAGR) of -7.1%. The peak value was recorded in 2019 at $6,162 thousand US dollars, with the largest increase that year of 31.5%.

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

Between 2017 and 2020, Honduras, Vietnam, and Free Zones were the main sources for Panama's imports of unroasted, non-decaffeinated coffee in value terms. Collectively, they accounted for 66.6% of total imports, with Honduras at 25.2%, Vietnam at 22.9%, and Free Zones at 18.4%.

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

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