Wheat bran, sharps and residues market in Panama

Earlier Report Observations

The market volume for wheat bran, sharps and residues in Panama experienced notable fluctuations between 2018 and 2023. After starting at 31 818 t in 2018, it fell to 26 416 t the following year before rebounding sharply to 34 370 t in 2020. The subsequent period saw a gradual contraction, with volumes declining to 30 140 t in 2022 and then stabilizing at 29 693 t in 2023.

In 2024, several developments pointed toward new uses for wheat bran within a circular economy framework. Panama advanced commitments for market access and investments in the agricultural sector, while a proposed waste management law based on extended producer responsibility aimed to impact agro-industrial byproducts. Notably, Grupo Nutresa's corporate venture Tribío developed a process to convert wheat bran into biocomposites for packaging, showcasing innovation in valorizing this residue.

Production wheat bran, sharps and residues in Panama

In kind, 2017-2020, t

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

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

In 2019, Panama produced 26,415 tonnes of wheat bran, sharps and residues, marking the lowest output during the 2017-2020 period. Production then surged by 30.1% in 2020 to reach 34,370 tonnes. Over the entire four-year span, production grew by 14.8%, with an average annual growth rate of 4.7%. The most significant decline occurred in 2019, when production fell by 17.0%.

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

Exports wheat bran, sharps and residues from Panama

As noted in the market overview, Panama did not export any wheat bran, sharps and residues between 2017 and 2020.

Imports wheat bran, sharps and residues to Panama

Imports in kind, kg

In 2019, Panama's imports of wheat bran, sharps and residues hit their lowest point at 371.0 kg. They then saw a modest increase of 0.8% year-on-year in 2020, reaching 374.0 kg. Over the 2017-2020 period, imports declined by 57.2%, with an average annual decrease of 24.6%. The peak import volume was recorded in 2018 at 942.0 kg. The largest drop occurred in 2019, when imports fell by 60.6%, while the biggest increase was in 2018, with a rise of 7.9%.

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

From 2017 to 2020, the United States, Lithuania, and Germany were the primary suppliers of wheat bran, sharps and residues to Panama, accounting for 83.4% of total imports in volume. The United States led with 40.9% of imports, followed by Lithuania at 32.7%, and Germany at 9.8%.

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, $ US

The market exhibited volatility during the observed period. In 2017, imports of wheat bran, sharps and residues reached their lowest value, which then peaked in 2018 at 4,488 US dollars—an 8.7-fold difference between these years. In 2020, imports amounted to 762 US dollars, representing a sharp decline of 46.0% compared to 2019. The most significant decrease occurred in 2019, with a drop of 68.6%, while the largest increase was in 2018, surging by 771.5%.

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

Between 2017 and 2020, the United States, Canada, and Germany topped the list of suppliers to Panama in value terms, collectively making up 85.6% of total imports. The United States accounted for 62.4% of import value, Canada for 15.9%, and Germany for 7.3%.

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

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