Phosphates; of Potassium Price in Panama - 2023
Contents:
- Phosphates; of Potassium Price in Panama (CIF) - 2022
- Phosphates; of Potassium Price in Panama (FOB) - 2022
- Phosphates; of Potassium Imports in Panama
- Phosphates; of Potassium Exports in Panama
Phosphates; of Potassium Price in Panama (CIF) - 2022
In 2022, the average phosphates; of potassium import price amounted to $5,534 per ton, growing by 206% against the previous year. Over the period under review, the import price posted a pronounced increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($137,908 per ton), while the price for Japan ($1,196 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+68.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Phosphates; of Potassium Price in Panama (FOB) - 2022
In 2022, the average phosphates; of potassium export price amounted to $1,721 per ton, picking up by 2.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 23%. Over the period under review, the average export prices attained the peak figure at $1,803 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Costa Rica.
From 2012 to 2022, the rate of growth in terms of prices for Honduras amounted to +64.7% per year.
Phosphates; of Potassium Imports in Panama
In 2022, purchases abroad of phosphates; of potassia decreased by -96.7% to 2.8 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 108%.
In value terms, phosphates; of potassium imports shrank dramatically to $16K in 2022. Overall, imports saw a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, imports attained the peak of $157K, and then declined dramatically in the following year.
| Import of Phosphates; of Potassium in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 0.7 | 0.2 | 19.1 | 10.5 | 146.6% |
| China | 33.9 | 52.7 | 45.1 | 3.1 | -54.9% |
| United States | 4.1 | 2.4 | 7.5 | 0.4 | -54.0% |
| Japan | 12.5 | 3.2 | 3.7 | 0.2 | -74.8% |
| Costa Rica | 16.1 | 11.1 | 3.1 | N/A | -56.1% |
| Netherlands | 6.0 | 7.6 | 8.8 | N/A | 21.1% |
| Israel | 11.7 | 25.2 | 61.9 | N/A | 130.0% |
| Others | 2.8 | 5.3 | 7.3 | 1.6 | -17.0% |
| Total | 87.8 | 108 | 157 | 15.7 | -43.7% |
Top Suppliers of Phosphates; of Potassium to Panama in 2022:
- China (2511.0 kg)
- Japan (163.0 kg)
- Free Zones (76.0 kg)
- United States (47.0 kg)
Phosphates; of Potassium Exports in Panama
In 2022, the amount of phosphates; of potassia exported from Panama expanded significantly to 25 tons, rising by 7.8% on the year before. In general, exports, however, continue to indicate a noticeable slump.
In value terms, phosphates; of potassium exports rose significantly to $43K in 2022. Overall, exports, however, showed a abrupt descent.
| Export of Phosphates; of Potassium in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 5.2 | 5.8 | 39.2 | 43.5 | 103.0% |
| Dominican Republic | 8.6 | 33.2 | N/A | N/A | 286.0% |
| Mexico | 38.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 52.2 | 39.0 | 39.2 | 43.5 | -5.9% |
Top Export Markets for Phosphates; of Potassium from Panama in 2022:
- Costa Rica (25.3 tons)
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