Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Panama - 2023
Contents:
- Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Panama (CIF) - 2022
- Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Panama (FOB) - 2022
- Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Panama
- Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Panama
Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Panama (CIF) - 2022
In 2022, the average import price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol amounted to $27,166 per ton, jumping by 16% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol decreased by -15.5% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 62% against the previous year. As a result, import price reached the peak level of $32,155 per ton. From 2019 to 2022, the average 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 Dominican Republic ($252,528 per ton), while the price for Guatemala ($5,121 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Panama (FOB) - 2022
The average export price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol stood at $15,361 per ton in 2022, waning by -10.8% against the previous year. Overall, the export price, however, continues to indicate a measured expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices hit record highs at $28,674 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($190,927 per ton), while the average price for exports to El Salvador ($1,676 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 the Dominican Republic (+40.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Panama
In 2022, approx. 13 tons of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol were imported into Panama; with an increase of 36% compared with the year before. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.8% 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 decreased by -19.0% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 77%. As a result, imports attained the peak of 16 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol soared to $343K in 2022. Overall, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 71%. As a result, imports attained the peak of $467K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 85.6 | 214 | 75.3 | 130 | 14.9% |
| Dominican Republic | 83.6 | 87.6 | 65.5 | 78.9 | -1.9% |
| India | 67.9 | 61.2 | 38.7 | 59.3 | -4.4% |
| United States | 7.9 | 15.2 | 5.9 | 35.4 | 64.9% |
| South Korea | 20.4 | 24.6 | 21.1 | 29.2 | 12.7% |
| Hong Kong SAR | 3.5 | 3.3 | 2.2 | 2.4 | -11.8% |
| Guatemala | 1.3 | 1.1 | 1.1 | 1.4 | 2.5% |
| Singapore | N/A | 56.6 | N/A | N/A | 0% |
| Others | 3.3 | 3.9 | 8.3 | 6.7 | 26.6% |
| Total | 274 | 467 | 218 | 343 | 7.8% |
Top Suppliers of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol to Panama in 2022:
- China (5.9 tons)
- India (2.7 tons)
- United States (1.9 tons)
- South Korea (0.7 tons)
- Hong Kong SAR (0.4 tons)
- Guatemala (0.3 tons)
- Dominican Republic (0.3 tons)
Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Panama
In 2022, exports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol from Panama rose rapidly to 1.2 tons, surging by 9.3% compared with 2021. The total export volume increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 20%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol fell slightly to $19K in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 5.2% against the previous year. As a result, the exports reached the peak of $19K, and then dropped slightly in the following year.
| Export of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 5.6 | 4.9 | 6.0 | 5.9 | 1.8% |
| Venezuela | 6.0 | 5.0 | 6.1 | 5.8 | -1.1% |
| Costa Rica | 2.5 | 2.2 | 2.9 | 2.9 | 5.1% |
| Honduras | 1.5 | 1.4 | 1.8 | 1.9 | 8.2% |
| El Salvador | 1.5 | 1.2 | 1.5 | 1.3 | -4.7% |
| Others | 2.0 | 3.6 | 1.1 | 1.0 | -20.6% |
| Total | 19.1 | 18.4 | 19.3 | 18.8 | -0.5% |
Top Export Markets for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol from Panama in 2022:
- El Salvador (796.0 kg)
- Venezuela (329.0 kg)
- Guatemala (38.0 kg)
- Honduras (29.0 kg)
- Costa Rica (23.0 kg)
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