Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Panama - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Panama (CIF) - 2022
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Panama
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Panama (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical amounted to $590 per ton, dropping by -5.5% against the previous year. In general, import price indicated a strong increase from 2013 to 2022: its price increased at an average annual rate of +6.8% 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 fertilizers, mineral or chemical decreased by -14.6% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 42% against the previous year. Over the period under review, average import prices attained the maximum at $692 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,832 per ton), while the price for Guatemala ($256 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+38.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Panama
In 2022, approx. 209 tons of fertilizers, mineral or chemical were imported into Panama; which is down by -67.3% on the previous year. Overall, imports faced a dramatic slump. The pace of growth was the most pronounced in 2021 when imports increased by 66%.
In value terms, imports of fertilizers, mineral or chemical declined notably to $123K in 2022. Over the period under review, imports faced a precipitous contraction. The growth pace was the most rapid in 2021 when imports increased by 50%.
| Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 254 | 143 | 95.2 | 44.2 | -44.2% |
| Finland | 199 | 32.0 | 218 | 36.0 | -43.4% |
| China | 18.4 | 14.2 | 39.6 | 28.0 | 15.0% |
| United States | 10.3 | 19.6 | 17.5 | 9.8 | -1.6% |
| Costa Rica | 46.3 | 16.4 | 8.2 | 2.7 | -61.2% |
| Guatemala | 10.6 | 2.7 | 2.4 | 1.4 | -49.1% |
| Netherlands | N/A | 34.0 | N/A | N/A | 0% |
| Others | 3.5 | 3.4 | 18.2 | 1.3 | -28.1% |
| Total | 541 | 266 | 399 | 123 | -39.0% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to Panama in 2022:
- China (95.2 tons)
- Finland (62.4 tons)
- Colombia (33.8 tons)
- Costa Rica (5.9 tons)
- United States (5.3 tons)
- Guatemala (5.3 tons)
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