Chromium Trioxide Price in Panama - 2022

Chromium Trioxide Price in Panama (CIF) - 2022

The average chromium trioxide import price stood at $2,696 per ton in 2022, standing approx. at the previous year. Over the period under review, the import price recorded a pronounced contraction. The growth pace was the most rapid in 2019 an increase of 36% against the previous year. Over the period under review, average import prices reached the peak figure at $3,859 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($3,953 per ton), while the price for China amounted to $802 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+0.2%).

Chromium Trioxide Price in Panama (FOB) - 2022

The average chromium trioxide export price stood at $2,962 per ton in 2020, rising by 2.2% against the previous year. In general, the export price, however, saw a pronounced downturn. Over the period under review, the average export prices reached the peak figure at $3,214 per ton in 2018; however, from 2019 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2018 to 2020, the rate of growth in terms of prices for Colombia amounted to -4.0% per year.

Chromium Trioxide Imports in Panama

In 2022, purchases abroad of chromium trioxides decreased by 0% to 2.5 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 3,971% against the previous year. As a result, imports reached the peak of 5.1 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, chromium trioxide imports stood at $6.9K in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 3,538% against the previous year. As a result, imports reached the peak of $14K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Chromium Trioxide in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mexico	0.3	11.7	N/A	6.0	171.4%
China	N/A	2.0	N/A	0.8	-36.8%
Others	N/A	N/A	N/A	N/A	0%
Total	0.4	13.7	N/A	6.9	158.4%

Top Suppliers of Chromium Trioxide to Panama in 2022:

Mexico (1.5 tons)
China (1.0 tons)

Chromium Trioxide Exports in Panama

Chromium trioxide exports from Panama surged to 3.3 tons in 2020, rising by 2,464% against the year before. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, chromium trioxide exports skyrocketed to $9.9K in 2020. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.