Panama - Prepared Additives For Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLubricant Additives Price in Panama - 2023
Contents:
- Lubricant Additives Price in Panama (CIF) - 2023
- Lubricant Additives Price in Panama (FOB) - 2022
- Lubricant Additives Imports in Panama
- Lubricant Additives Exports in Panama
Lubricant Additives Price in Panama (CIF) - 2023
In September 2023, the average lubricant additives import price amounted to $5,200 per ton, remaining relatively unchanged against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 16% month-to-month. The import price peaked at $6,228 per ton in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($6,099 per ton), while the price for the United States ($5,108 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (-0.2%), while the prices for the other major suppliers experienced a decline.
Lubricant Additives Price in Panama (FOB) - 2022
The average lubricant additives export price stood at $4,735 per ton in 2022, picking up by 50% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($5,632 per ton), while the average price for exports to Cuba ($4,720 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.
Lubricant Additives Imports in Panama
In 2022, lubricant additives imports into Panama surged to 5.3K tons, rising by 31% on the previous year's figure. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, lubricant additives imports soared to $24M in 2022. Over the period under review, imports continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lubricant Additives in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.5 | 7.4 | 12.5 | 20.5 | 29.2% |
| Germany | 0.4 | 0.8 | 1.5 | 1.8 | 65.1% |
| Italy | 1.0 | 0.5 | 0.2 | 0.7 | -11.2% |
| France | 1.5 | 3.0 | 0.9 | 0.2 | -48.9% |
| Netherlands | 0.9 | 0.1 | N/A | N/A | -88.9% |
| Others | 1.1 | 1.0 | 1.2 | 1.2 | 2.9% |
| Total | 14.5 | 12.8 | 16.2 | 24.5 | 19.1% |
Top Suppliers of Lubricant Additives to Panama in 2022:
- United States (4433.9 tons)
- Germany (379.8 tons)
- Italy (168.0 tons)
- France (40.5 tons)
- Netherlands (0.9 tons)
Lubricant Additives Exports in Panama
In 2022, overseas shipments of prepared additives for mineral oils decreased by -15.5% to 20 tons, falling for the second consecutive year after two years of growth. In general, exports showed a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 102%. As a result, the exports reached the peak of 165 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, lubricant additives exports surged to $95K in 2022. Over the period under review, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 79%. As a result, the exports reached the peak of $592K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Lubricant Additives in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cuba | 28.3 | 205 | 36.7 | 46.5 | 18.0% |
| Costa Rica | 35.9 | 7.7 | 2.7 | 4.3 | -50.7% |
| United States | 2.1 | 1.0 | 1.5 | 1.9 | -3.3% |
| Venezuela | N/A | 130 | N/A | N/A | 0% |
| Chile | 44.4 | N/A | N/A | N/A | 0% |
| Colombia | N/A | 11.0 | N/A | N/A | 0% |
| Brazil | 13.7 | N/A | N/A | N/A | 0% |
| Others | 206 | 238 | 33.8 | 42.2 | -41.1% |
| Total | 330 | 592 | 74.6 | 94.9 | -34.0% |
Top Export Markets for Lubricant Additives from Panama in 2022:
- Cuba (9.8 tons)
- Costa Rica (0.8 tons)
- United States (0.4 tons)
This report provides an in-depth analysis of the lubricant additives market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20594250 - Anti-knock preparations
- Prodcom 20594270 - Additives for lubricating oils
- Prodcom 20594290 - Additives for mineral oils or for other liquids used for the same purpose as mineral oils (including gasoline) (excluding anti-knock preparations, additives for lubricating oils)
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the lubricant additives market in Panama.
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This report provides an in-depth analysis of the lubricant additives market in Panama.
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