Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Panama - 2023

Contents:

1. Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Panama (CIF) - 2023
2. Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Panama (FOB) - 2022
3. Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Panama
4. Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Panama

Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Panama (CIF) - 2023

The average import price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $12,197 per ton in September 2023, which is down by -34.7% against the previous month. In general, the import price showed a pronounced slump. The growth pace was the most rapid in August 2023 an increase of 57% month-to-month. As a result, import price reached the peak level of $18,686 per ton, and then contracted rapidly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($40,067 per ton), while the price for Guatemala ($2,835 per ton) was amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Finland (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Panama (FOB) - 2022

The average export price for enzymes; prepared enzymes not elsewhere specified or includeds stood at $13,438 per ton in 2022, approximately equating the previous year. In general, the export price enjoyed a moderate expansion. The pace of growth was the most pronounced in 2013 an increase of 46% against the previous year. Over the period under review, the average export prices attained the peak figure at $13,439 per ton in 2020; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to El Salvador ($13,466 per ton) and Costa Rica ($13,464 per ton), while the average price for exports to the Dominican Republic ($13,055 per ton) and Honduras ($13,463 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Panama

In 2022, approx. 136 tons of enzymes; prepared enzymes not elsewhere specified or includeds were imported into Panama; declining by -39.1% on the previous year. Overall, imports saw a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year.

In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds fell rapidly to $2M in 2022. In general, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of $2.9M, and then shrank remarkably in the following year.

Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Panama in 2022:

1. United States (33.8 tons)
2. Finland (29.2 tons)
3. Denmark (24.0 tons)
4. China (8.4 tons)
5. Spain (6.5 tons)
6. Costa Rica (6.4 tons)
7. Free Zones (6.4 tons)
8. Mexico (4.8 tons)
9. Brazil (2.1 tons)

Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Panama

In 2022, overseas shipments of enzymes; prepared enzymes not elsewhere specified or includeds decreased by 0% to 23 tons, falling for the second year in a row after two years of growth. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. As a result, the exports reached the peak of 47 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds totaled $313K in 2022. Over the period under review, exports faced a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year. As a result, the exports attained the peak of $626K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Panama in 2022:

1. Colombia (14.0 tons)
2. Costa Rica (4.6 tons)
3. El Salvador (1.7 tons)
4. Honduras (1.5 tons)
5. Dominican Republic (1.4 tons)

Source: IndexBox Market Intelligence Platform