Price for Ammonia; Anhydrous or in Aqueous Solution in Panama - 2023

Contents:

  1. Price for Ammonia; Anhydrous or in Aqueous Solution in Panama (CIF) - 2022
  2. Price for Ammonia; Anhydrous or in Aqueous Solution in Panama (FOB) - 2022
  3. Imports of Ammonia; Anhydrous or in Aqueous Solution in Panama
  4. Exports of Ammonia; Anhydrous or in Aqueous Solution in Panama

Price for Ammonia; Anhydrous or in Aqueous Solution in Panama (CIF) - 2022

The average import price for ammonia; anhydrous or in aqueous solutia stood at $1,773 per ton in 2022, rising by 42% against the previous year. In general, import price indicated a buoyant expansion from 2013 to 2022: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ammonia; anhydrous or in aqueous solutia increased by +17.8% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 52%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($2,014 per ton), while the price for the Netherlands ($957 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ammonia; Anhydrous or in Aqueous Solution in Panama (FOB) - 2022

In 2020, the average export price for ammonia; anhydrous or in aqueous solutia amounted to $285 per ton, waning by -62.9% against the previous year. Overall, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 89% against the previous year. Over the period under review, the average export prices reached the maximum at $1,951 per ton in 2015; however, from 2016 to 2020, the export prices stood at a somewhat lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for Guatemala amounted to +14.4% per year.

Imports of Ammonia; Anhydrous or in Aqueous Solution in Panama

In 2022, the amount of ammonia; anhydrous or in aqueous solutia imported into Panama contracted markedly to 115 tons, falling by -20.5% against the previous year. In general, imports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 12% against the previous year.

In value terms, imports of ammonia; anhydrous or in aqueous solutia expanded remarkably to $203K in 2022. Over the period under review, imports saw a sharp setback. The growth pace was the most rapid in 2021 when imports increased by 19%.

Import of Ammonia; Anhydrous or in Aqueous Solution in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico51.128.111214140.3%
United States0.4N/A25.750.8402.7%
Netherlands6.18.27.411.523.5%
Guatemala37.571.523.1N/A-21.5%
Trinidad and Tobago18639.2N/AN/A-78.9%
IndiaN/AN/A11.9N/A0%
Portugal147N/AN/AN/A0%
Others18.64.70.5N/A-83.6%
Total447152180203-23.1%

Top Suppliers of Ammonia; Anhydrous or in Aqueous Solution to Panama in 2022:

  1. Mexico (70.0 tons)
  2. United States (32.7 tons)
  3. Netherlands (12.0 tons)

Exports of Ammonia; Anhydrous or in Aqueous Solution in Panama

In 2020, exports of ammonia; anhydrous or in aqueous solutia from Panama declined rapidly to 600 kg, falling by -87.3% against the year before. Overall, exports saw a sharp reduction.

In value terms, exports of ammonia; anhydrous or in aqueous solutia contracted markedly to $171 in 2020. In general, exports faced a dramatic downturn.

Export of Ammonia; Anhydrous or in Aqueous Solution in Panama (Thousand USD)
COUNTRY20192020CAGR,
2019-2020
Spain3.60.2-94.4%
OthersN/AN/A0%
Total3.60.2-94.4%

Top Export Markets for Ammonia; Anhydrous or in Aqueous Solution from Panama in 2022:

  1. Spain (600.0 kg)

Source: IndexBox Market Intelligence Platform

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