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Panama - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEthanol Price in Panama - 2023
Contents:
- Ethanol Price in Panama (CIF) - 2023
- Ethanol Price in Panama (FOB) - 2022
- Ethanol Imports in Panama
- Ethanol Exports in Panama
Ethanol Price in Panama (CIF) - 2023
The average ethanol import price stood at $1.1 per litre in July 2023, approximately mirroring the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 6.3% m-o-m. As a result, import price attained the peak level of $1.2 per litre. From January 2023 to July 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Free Zones ($1.2 per litre), while the price for Peru ($1.1 per litre) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Free Zones (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Ethanol Price in Panama (FOB) - 2022
The average ethanol export price stood at $0.9 per litre in 2022, with a decrease of -18.8% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 47% against the previous year. The export price peaked at $1.1 per litre in 2021, and then dropped dramatically in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($6.5 per litre), while the average price for exports to Chile ($0.2 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Ethanol Imports in Panama
In 2022, ethanol imports into Panama was estimated at 31M litres, approximately reflecting the previous year. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2020 when imports increased by 505% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, ethanol imports shrank to $25M in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 622% against the previous year. Over the period under review, imports reached the peak figure at $25M in 2021, and then shrank slightly in the following year.
Import of Ethanol in Panama (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ecuador | 0.8 | 10.2 | 8.9 | 9.3 | 126.5% |
Colombia | 1.0 | 1.8 | 5.9 | 6.1 | 82.7% |
Nicaragua | 0.2 | 1.4 | 3.2 | 3.3 | 154.6% |
Free Zones | 0.5 | 5.6 | 4.0 | 2.4 | 68.7% |
Brazil | 0.1 | 0.7 | 0.9 | 1.2 | 128.9% |
Canada | 0.3 | 0.6 | 0.3 | 0.9 | 44.2% |
Guatemala | 0.2 | 1.9 | 0.7 | 0.3 | 14.5% |
Others | 0.4 | 2.3 | 1.2 | 1.6 | 58.7% |
Total | 3.4 | 24.6 | 25.2 | 25.0 | 94.5% |
Top Suppliers of Ethanol to Panama in 2022:
- Ecuador (11.9M litres)
- Colombia (7.9M litres)
- Nicaragua (4.0M litres)
- Free Zones (2.6M litres)
- Brazil (2.2M litres)
- Canada (1.1M litres)
- Guatemala (0.3M litres)
Ethanol Exports in Panama
In 2022, after three years of growth, there was significant decline in shipments abroad of ethyl alcohol, when their volume decreased by -33.7% to 1.6M litres. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,116% against the previous year. As a result, the exports attained the peak of 2.5M litres, and then contracted markedly in the following year.
In value terms, ethanol exports shrank markedly to $1.5M in 2022. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 1,219%. As a result, the exports reached the peak of $2.7M, and then reduced markedly in the following year.
Export of Ethanol in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Jamaica | 0.7 | 8.6 | 1,515 | 618 | 859.3% |
Spain | 0.1 | 0.1 | 0.1 | 261 | 1276.8% |
Nigeria | 77.0 | 109 | 354 | 211 | 39.9% |
Nicaragua | 11.2 | 34.5 | 415 | 172 | 148.6% |
Chile | 5.0 | 15.8 | 195 | 82.5 | 154.6% |
Dominican Republic | 4.8 | 14.9 | 182 | 79.5 | 154.9% |
Others | 3.0 | 24.2 | 72.3 | 46.4 | 149.2% |
Total | 102 | 207 | 2,733 | 1,470 | 143.4% |
Top Export Markets for Ethanol from Panama in 2022:
- Chile (510.2K litres)
- Jamaica (474.1K litres)
- Spain (376.5K litres)
- Nigeria (164.5K litres)
- Dominican Republic (56.6K litres)
- Nicaragua (26.5K litres)
This report provides an in-depth analysis of the ethanol 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 20147400 - Undenatured ethyl alcohol of an alcoholic strength by volume. .80 % (important: excluding alcohol duty)
- Prodcom 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength
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
-
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
This report provides an in-depth analysis of the ethanol market in Panama.
This report provides an in-depth analysis of the denatured ethyl alcohol market in Panama.
This report provides an in-depth analysis of the global ethanol market.
This report provides an in-depth analysis of the global denatured ethyl alcohol market.
This report provides an in-depth analysis of the ethanol market in Panama.
This report provides an in-depth analysis of the denatured ethyl alcohol market in Panama.
This report provides an in-depth analysis of the global ethanol market.
This report provides an in-depth analysis of the global denatured ethyl alcohol market.
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