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Panama - Nitrogenous Fertilizers (Mineral Or Chemical) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNitrogenous Fertilizer Price in Panama - 2023
Contents:
- Nitrogenous Fertilizer Price in Panama (CIF) - 2022
- Nitrogenous Fertilizer Price in Panama (FOB) - 2022
- Nitrogenous Fertilizer Imports in Panama
- Nitrogenous Fertilizer Exports in Panama
Nitrogenous Fertilizer Price in Panama (CIF) - 2022
The average nitrogenous fertilizer import price stood at $542 per ton in 2022, with an increase of 33% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 35%. The import price peaked at $704 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 Georgia ($1,047 per ton), while the price for China ($445 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrogenous Fertilizer Price in Panama (FOB) - 2022
The average nitrogenous fertilizer export price stood at $696 per ton in 2022, remaining constant against the previous year. Over the period under review, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 689% against the previous year. The export price peaked at $8,645 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Ecuador ($619 per ton) and Guatemala ($553 per ton), while the average price for exports to Venezuela ($476 per ton) and Belize ($476 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+7.7%), while the prices for the other major destinations experienced a decline.
Nitrogenous Fertilizer Imports in Panama
In 2022, approx. 134K tons of nitrogenous fertilizers (mineral or chemical) were imported into Panama; growing by 23% compared with 2021. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.0% 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 +81.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, nitrogenous fertilizer imports skyrocketed to $73M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 70%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
Import of Nitrogenous Fertilizer in Panama (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 7.7 | 11.9 | 23.8 | 25.5 | 49.1% |
Georgia | N/A | N/A | N/A | 13.6 | 0% |
Trinidad and Tobago | 4.7 | 6.2 | 13.4 | 12.2 | 37.4% |
Chile | 0.6 | 0.2 | 0.8 | 6.9 | 125.7% |
Peru | N/A | N/A | 0.2 | 5.6 | 2700.0% |
China | 1.0 | 2.1 | 1.8 | 2.9 | 42.6% |
United States | 0.1 | 0.1 | 0.4 | 1.8 | 162.1% |
Costa Rica | 24.5 | 5.1 | 3.4 | 0.5 | -72.7% |
Others | 1.9 | 0.6 | 0.6 | 3.6 | 23.7% |
Total | 40.5 | 26.1 | 44.4 | 72.6 | 21.5% |
Top Suppliers of Nitrogenous Fertilizer to Panama in 2022:
- Russia (57.4K tons)
- Trinidad and Tobago (25.4K tons)
- Chile (14.0K tons)
- Georgia (13.0K tons)
- Peru (10.8K tons)
- China (6.4K tons)
- United States (2.4K tons)
- Costa Rica (0.5K tons)
Nitrogenous Fertilizer Exports in Panama
For the third consecutive year, Panama recorded decline in shipments abroad of nitrogenous fertilizers (mineral or chemical), which decreased by 0% to 35 tons in 2022. In general, exports showed a abrupt contraction. The smallest decline of -0.1% was in 2020.
In value terms, nitrogenous fertilizer exports amounted to $25K in 2022. Over the period under review, exports faced a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 16%. As a result, the exports attained the peak of $50K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Nitrogenous Fertilizer in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Guatemala | 19.3 | 36.7 | N/A | 16.0 | -6.1% |
Belize | 12.6 | 2.7 | N/A | 2.1 | -45.0% |
Venezuela | 1.3 | 1.2 | N/A | 0.6 | -22.7% |
Ecuador | 1.4 | 2.0 | N/A | 0.5 | -29.1% |
Colombia | 2.0 | N/A | N/A | N/A | 0% |
United States | N/A | 0.5 | N/A | N/A | 0% |
Others | 6.0 | 6.6 | N/A | 5.4 | -3.5% |
Total | 42.7 | 49.7 | N/A | 24.6 | -16.8% |
Top Export Markets for Nitrogenous Fertilizer from Panama in 2022:
- Guatemala (28.9 tons)
- Belize (4.4 tons)
- Venezuela (1.3 tons)
- Ecuador (0.8 tons)
This report provides an in-depth analysis of the nitrogenous fertilizer 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:
- FCL 4001 - Urea
- FCL 4002 - Ammonium sulphate
- FCL 4003 - Ammonium nitrate (AN)
- FCL 4004 - Calcium ammonium nitrate (CAN) and other mixtures with calcium carbonate
- FCL 4005 - Sodium nitrate
- FCL 4006 - Urea and ammonium nitrate solutions (UAN)
- FCL 4008 - Other nitrogenous fertilizers, n.e.c.
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 nitrogenous fertilizer market in Panama.
This report provides an in-depth analysis of the ammonium nitrate market in Panama.
This report provides an in-depth analysis of the urea market in Panama.
This report provides an in-depth analysis of the sodium nitrate market in Panama.
This report provides an in-depth analysis of the market for calcium ammonium nitrate (can) in Panama.
This report provides an in-depth analysis of the ammonium sulphate market in Panama.
This report provides an in-depth analysis of the market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Panama.
This report provides an in-depth analysis of the fertilizer market in Panama.
This report provides an in-depth analysis of the market for iron or steel can in Panama.
This report provides an in-depth analysis of the global nitrogenous fertilizer market.
Explore the top 10 import markets for nitrogenous fertilizer and their significance in the global agricultural industry.
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