Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Panama - 2023
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Panama (CIF) - 2022
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Panama (FOB) - 2022
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Panama
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Panama
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Panama (CIF) - 2022
In 2022, the average import price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $1,305 per ton, picking up by 88% against the previous year. Over the period under review, the import price posted resilient growth. As a result, import price reached 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 France ($14,908 per ton), while the price for the United States amounted to $944 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Panama (FOB) - 2022
In 2022, the average export price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $1,267 per ton, remaining constant against the previous year. In general, the export price, however, continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2016 an increase of 118%. Over the period under review, the average export prices attained the peak figure at $1,624 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($2,023 per ton), while the average price for exports to Venezuela ($426 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 France (+0.3%), while the prices for the other major destinations experienced a decline.
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Panama
In 2022, after three years of growth, there was significant decline in purchases abroad of aluminium oxide (including artificial corundum); aluminium hydroxide, when their volume decreased by -95.2% to 228 tons. Overall, imports recorded a sharp descent. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of 4.7K tons, and then dropped significantly in the following year.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide declined rapidly to $298K in 2022. Over the period under review, imports saw a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 85% against the previous year. As a result, imports attained the peak of $3.3M, and then declined notably in the following year.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 68.6 | 1,115 | 1,458 | 208 | 44.7% |
| France | 32.0 | 24.1 | 28.5 | 86.4 | 39.2% |
| Jamaica | 1,210 | 350 | 1,347 | N/A | 5.5% |
| Turkey | 268 | 257 | 416 | N/A | 24.6% |
| Others | 28.4 | 20.1 | 26.6 | 3.3 | -51.2% |
| Total | 1,607 | 1,767 | 3,276 | 298 | -43.0% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to Panama in 2022:
- United States (220.5 tons)
- France (5.8 tons)
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Panama
In 2022, shipments abroad of aluminium oxide (including artificial corundum); aluminium hydroxide decreased by -4.4% to 5 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 9.5% against the previous year.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide fell slightly to $6.4K in 2022. The total export value increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 10% against the previous year. As a result, the exports reached the peak of $6.7K, and then fell slightly in the following year.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 2.7 | 3.2 | 3.8 | 3.9 | 13.0% |
| Costa Rica | 2.7 | 2.7 | 2.8 | 2.4 | -3.9% |
| Venezuela | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.5 | 6.1 | 6.7 | 6.4 | 5.2% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from Panama in 2022:
- Costa Rica (3.0 tons)
- Guatemala (1.9 tons)
- Venezuela (0.1 tons)
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