Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Panama - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Panama (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Panama (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Panama
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Panama
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Panama (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $3,112 per ton, with an increase of 8.4% against the previous year. Overall, the import price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. Over the period under review, average import prices reached the maximum at $7,760 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,777 per ton), while the price for Colombia ($2,302 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Panama (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $983 per ton in 2020, falling by -33.4% against the previous year. Overall, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 5.7%. As a result, the export price reached the peak level of $5,588 per ton. From 2014 to 2020, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Guatemala.
From 2012 to 2020, the rate of growth in terms of prices for Venezuela amounted to +20.7% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Panama
Imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses into Panama reduced dramatically to 210 tons in 2022, shrinking by -20.6% compared with 2021. Over the period under review, imports showed a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of 264 tons, and then fell dramatically in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses shrank to $653K in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. As a result, imports attained the peak of $758K, and then declined in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 133 | 102 | 162 | 267 | 26.1% |
| Colombia | 21.4 | 72.1 | 279 | 234 | 122.0% |
| Canada | 294 | 211 | 118 | 89.9 | -32.6% |
| India | 40.3 | 21.9 | 178 | 59.7 | 14.0% |
| Free Zones | 22.0 | 23.9 | N/A | 2.8 | -49.7% |
| Others | 51.8 | 13.0 | 22.0 | N/A | -34.8% |
| Total | 563 | 445 | 758 | 653 | 5.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Panama in 2022:
- Colombia (101.5 tons)
- United States (70.6 tons)
- Canada (33.5 tons)
- India (3.0 tons)
- Free Zones (1.1 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Panama
In 2020, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses from Panama surged to 255 tons, picking up by 284% compared with the previous year. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses surged to $250K in 2020. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Guatemala | 75.4 | 250 | 231.6% | ||
| Costa Rica | 14.2 | N/A | 0% | ||
| Others | 8.2 | N/A | 0% | ||
| Total | 97.9 | 250 | 155.4% | ||
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Panama in 2022:
- Guatemala (254.9 tons)
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