Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Panama - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Panama (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Panama (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Panama
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Panama
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Panama (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,173 per ton, growing by 15% against the previous year. Over the period under review, the import price showed a slight expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 134% against the previous year. As a result, import price reached the peak level of $2,520 per ton. From 2020 to 2022, the average import prices remained at a 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 Free Zones ($1,870 per ton), while the price for China ($844 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+3.3%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Panama (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,720 per ton, surging by 43% against the previous year. Overall, the export price saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 47% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Colombia.
From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +21.5% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Panama
After three years of growth, overseas purchases of acids; saturated acyclic monocarboxylic acids; formic acids decreased by -44.6% to 154 tons in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 13,109%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids contracted sharply to $180K in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 5,587%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 34.4 | 79.4 | 85.2 | 57.4% |
| Free Zones | N/A | N/A | 2.1 | 3.4 | 61.9% |
| Germany | 0.2 | 0.8 | 20.6 | 1.0 | 71.0% |
| Mexico | N/A | N/A | 18.2 | N/A | 0% |
| Others | 1.1 | 38.1 | 164 | 90.7 | 335.2% |
| Total | 1.3 | 73.4 | 284 | 180 | 417.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Panama in 2022:
- China (101.0 tons)
- Free Zones (1.8 tons)
- Germany (1.0 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Panama
In 2022, approx. 22 tons of acids; saturated acyclic monocarboxylic acids; formic acids were exported from Panama; which is down by -46.4% compared with the previous year's figure. In general, exports continue to indicate a precipitous descent.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids fell dramatically to $37K in 2022. Overall, exports showed a significant decline.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 12.4 | N/A | 48.5 | 37.2 | 44.2% |
| Guatemala | 282 | 138 | N/A | N/A | -51.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 295 | 138 | 48.5 | 37.2 | -49.9% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Panama in 2022:
- Colombia (21.6 tons)
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