Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Panama - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Panama (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Panama
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Panama (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $4,619 per ton, with an increase of 83% against the previous year. Over the period under review, the import price enjoyed resilient growth. 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 ($6,245 per ton), while the price for Mexico ($2,787 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+40.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Panama
In 2022, after three years of growth, there was significant decline in purchases abroad of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses, when their volume decreased by -43.2% to 39 tons. Overall, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 33%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses expanded to $182K in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.6% 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 +97.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | N/A | 52.6 | 120 | 126 | 54.8% |
| United States | 87.8 | 25.4 | 25.4 | 36.7 | -25.2% |
| Mexico | 2.0 | 20.4 | 3.0 | 19.0 | 111.8% |
| Belgium | N/A | 49.8 | 26.6 | N/A | -46.6% |
| Others | 2.0 | N/A | N/A | N/A | 0% |
| Total | 91.8 | 148 | 175 | 182 | 25.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Panama in 2022:
- Free Zones (20.2 tons)
- United States (12.3 tons)
- Mexico (6.8 tons)
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