Organo-Sulphur Compounds; Methionine Price in Panama - 2024
Contents:
- Organo-Sulphur Compounds; Methionine Price in Panama (CIF) - 2024
- Organo-Sulphur Compounds; Methionine Imports in Panama
Organo-Sulphur Compounds; Methionine Price in Panama (CIF) - 2024
In July 2023, the average organo-sulphur compounds; methionine import price amounted to $2,042 per ton, approximately reflecting the previous month. Over the period under review, the import price, however, saw a abrupt decline. Over the period under review, average import prices hit record highs at $2,606 per ton in April 2023; however, from May 2023 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were the United States ($2,291 per ton) and Chile ($2,181 per ton), while the price for Spain ($1,850 per ton) and Japan ($1,961 per ton) were amongst the lowest.
From April 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Chile (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Organo-Sulphur Compounds; Methionine Imports in Panama
In 2022, the amount of organo-sulphur compounds; methionines imported into Panama expanded slightly to 2.4K tons, surging by 3.2% on 2021 figures. The total import volume increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, organo-sulphur compounds; methionine imports surged to $7M in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Organo-Sulphur Compounds; Methionine in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 138 | 139 | 340 | 1,194 | 105.3% |
| Japan | 340 | 449 | 870 | 959 | 41.3% |
| Spain | 425 | 298 | 575 | 360 | -5.4% |
| China | 361 | 304 | 198 | 294 | -6.6% |
| Belgium | 210 | 37.2 | 114 | 239 | 4.4% |
| Germany | 209 | 75.5 | 112 | 152 | -10.1% |
| Chile | 221 | 320 | 217 | 110 | -20.7% |
| Others | 1,900 | 2,041 | 2,781 | 3,668 | 24.5% |
| Total | 3,805 | 3,664 | 5,207 | 6,975 | 22.4% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to Panama in 2022:
- United States (453.6 tons)
- Japan (328.6 tons)
- Spain (117.3 tons)
- China (86.7 tons)
- Belgium (64.9 tons)
- Germany (45.5 tons)
- Chile (39.0 tons)
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