Phenols; Phenol-Alcohols Price in Panama - 2023
Contents:
- Phenols; Phenol-Alcohols Price in Panama (CIF) - 2022
- Phenols; Phenol-Alcohols Price in Panama (FOB) - 2022
- Phenols; Phenol-Alcohols Imports in Panama
- Phenols; Phenol-Alcohols Exports in Panama
Phenols; Phenol-Alcohols Price in Panama (CIF) - 2022
In 2022, the average phenols; phenol-alcohols import price amounted to $9,798 per ton, which is down by -6.5% against the previous year. Overall, the import price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 111% against the previous year. As a result, import price reached the peak level of $10,481 per ton, and then fell in the following year.
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 Free Zones ($21,671 per ton), while the price for the United States ($6,016 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Phenols; Phenol-Alcohols Price in Panama (FOB) - 2022
In 2022, the average phenols; phenol-alcohols export price amounted to $3,908 per ton, with an increase of 12% against the previous year. In general, the export price, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2020 when the average export price increased by 31%. The export price peaked at $7,230 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($4,648 per ton), while the average price for exports to Colombia ($351 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 Guatemala (-2.2%), while the prices for the other major destinations experienced a decline.
Phenols; Phenol-Alcohols Imports in Panama
In 2022, after two years of decline, there was significant growth in purchases abroad of phenols; phenol-alcoholses, when their volume increased by 170% to 14 tons. Over the period under review, imports, however, continue to indicate a precipitous descent.
In value terms, phenols; phenol-alcohols imports surged to $137K in 2022. Overall, imports, however, saw a abrupt downturn.
| Import of Phenols; Phenol-Alcohols in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 102 | 70.3 | 6.9 | 49.4 | -21.5% |
| China | 9.6 | 6.9 | 9.7 | 44.0 | 66.1% |
| Free Zones | 5.6 | 6.4 | 5.7 | 23.1 | 60.4% |
| Mexico | 4.5 | 3.3 | 1.4 | 20.2 | 65.0% |
| Germany | 3.3 | 2.4 | 0.1 | 0.3 | -55.0% |
| Hong Kong SAR | 0.4 | 0.4 | 0.2 | N/A | -29.3% |
| South Korea | 5.1 | 2.5 | 2.3 | N/A | -32.8% |
| India | 33.3 | 3.9 | 7.4 | N/A | -52.9% |
| Netherlands | 5.4 | 5.6 | 2.5 | N/A | -32.0% |
| Others | 9.3 | 15.8 | 18.2 | 0.3 | -68.2% |
| Total | 178 | 117 | 54.3 | 137 | -8.4% |
Top Suppliers of Phenols; Phenol-Alcohols to Panama in 2022:
- United States (8.2 tons)
- China (3.6 tons)
- Free Zones (1.1 tons)
- Mexico (1.0 tons)
- Germany (0.1 tons)
Phenols; Phenol-Alcohols Exports in Panama
In 2022, shipments abroad of phenols; phenol-alcoholses decreased by -5.6% to 228 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 666% against the previous year.
In value terms, phenols; phenol-alcohols exports expanded significantly to $892K in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 904% against the previous year. As a result, the exports reached the peak of $941K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Phenols; Phenol-Alcohols in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 84.5 | 832 | 738 | 794 | 111.0% |
| Venezuela | 6.9 | 82.9 | 82.0 | 76.3 | 122.8% |
| Colombia | 0.4 | 3.9 | 3.4 | 2.8 | 91.3% |
| Others | 1.9 | 21.8 | 21.1 | 18.9 | 115.1% |
| Total | 93.7 | 941 | 844 | 892 | 111.9% |
Top Export Markets for Phenols; Phenol-Alcohols from Panama in 2022:
- Ecuador (170.9 tons)
- Venezuela (45.2 tons)
- Colombia (7.9 tons)
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