Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Panama - 2024

Contents:

1. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Panama (CIF) - 2022
2. Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Panama (FOB) - 2022
3. Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Panama
4. Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Panama

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Panama (CIF) - 2022

In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $945 per ton, picking up by 28% against the previous year. In general, the import price showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 131% against the previous year. As a result, import price attained the peak level of $1,702 per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Guatemala ($6,470 per ton), while the price for Nicaragua ($534 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+119.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Panama (FOB) - 2022

In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $330 per ton, dropping by -45.5% against the previous year. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in 2021 when the average export price decreased by -31.3%. Over the period under review, the average export prices hit record highs at $973 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Suriname.

From 2012 to 2022, the rate of growth in terms of prices for the Dominican Republic amounted to +0.7% per year.

Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Panama

Imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses into Panama dropped to 64 tons in 2022, falling by -12% on the year before. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 71% against the previous year.

In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses rose rapidly to $60K in 2022. In general, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 with an increase of 96%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Panama in 2022:

1. China (33.1 tons)
2. Nicaragua (6.2 tons)
3. Costa Rica (2.5 tons)
4. Guatemala (1.1 tons)

Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Panama

In 2022, approx. 10 tons of acids; saturated acyclic monocarboxylic acids; salts of formic acidses were exported from Panama; rising by 97% against the year before. Overall, exports, however, saw a dramatic downturn.

In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses rose rapidly to $3.4K in 2022. Over the period under review, exports, however, faced a sharp downturn.

Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Panama in 2022:

1. Suriname (10.2 tons)

Source: IndexBox Market Intelligence Platform