Key Market Indicators
Panamanian bread exports are projected to decline to approximately $1.25 million by 2028, down from around $1.3 million in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 0.7%. The trend is consistent with historical data, as Panamanian bread supply has been shrinking at an annual rate of 0.8% since 2000. In contrast, Panamanian bread imports witnessed a significant spike in 2016, reaching nearly $1.1 million. This is a substantial increase from the $707,000 recorded in 2015, marking a 51.7% rise year-on-year. Despite this surge, the long-term trend shows a drastic reduction in demand. Since 2000, Panamanian bread imports have decreased by 52% annually.
