Panama - Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Gum or Wood Oils in Panama - 2024
Contents:
- Price for Gum or Wood Oils in Panama (CIF) - 2022
- Price for Gum or Wood Oils in Panama (FOB) - 2022
- Imports of Gum or Wood Oils in Panama
- Exports of Gum or Wood Oils in Panama
Price for Gum or Wood Oils in Panama (CIF) - 2022
The average gum or wood oils import price stood at $8,648 per ton in 2022, with a decrease of -14.7% against the previous year. Over the period under review, the import price, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 88%. The import price peaked at $10,143 per ton in 2021, and then dropped in the following year.
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 Free Zones ($12,571 per ton), while the price for Spain ($1,885 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Gum or Wood Oils in Panama (FOB) - 2022
The average gum or wood oils export price stood at $3,675 per ton in 2020, declining by -11% against the previous year. Over the period under review, the export price, however, recorded a prominent increase. The growth pace was the most rapid in 2019 when the average export price increased by 106% against the previous year. As a result, the export price attained the peak level of $4,131 per ton, and then declined in the following year.
There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was Colombia ($6,750 per ton), while the average price for exports to Guatemala ($3,082 per ton) was amongst the lowest.
From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Gum or Wood Oils in Panama
In 2022, supplies from abroad of gum, wood or sulphate turpentine oils, pine oil and other alike decreased by -94.4% to 1.8 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2020 with an increase of 196%. As a result, imports attained the peak of 34 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, gum or wood oils imports contracted notably to $16K in 2022. Over the period under review, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2020 when imports increased by 137%.
Import of Gum or Wood Oils in Panama (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 30.8 | 49.4 | 114 | 9.2 | -33.2% |
United States | 63.8 | 172 | 206 | 5.5 | -55.8% |
Free Zones | 1.7 | 3.3 | 3.7 | 0.4 | -38.3% |
Spain | 1.8 | 2.2 | 3.2 | 0.2 | -51.9% |
Colombia | 0.3 | 0.4 | 1.2 | 0.1 | -30.7% |
Canada | N/A | 8.5 | N/A | N/A | 0% |
Others | 1.7 | 1.9 | 2.5 | 0.2 | -51.0% |
Total | 100 | 237 | 330 | 15.7 | -46.1% |
Top Suppliers of Gum or Wood Oils to Panama in 2022:
- United States (820.0 kg)
- China (767.0 kg)
- Spain (131.0 kg)
- Colombia (40.0 kg)
- Free Zones (28.0 kg)
Exports of Gum or Wood Oils in Panama
Gum or wood oils exports from Panama dropped markedly to 117 kg in 2020, which is down by -40.9% on 2019 figures. In general, exports faced a sharp decline.
In value terms, gum or wood oils exports reduced rapidly to $430 in 2020. Overall, exports showed a significant contraction.
Export of Gum or Wood Oils in Panama (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
Guatemala | 612 | 302 | -50.7% | ||
Colombia | 154 | 81.0 | -47.4% | ||
Jamaica | N/A | 24.0 | 0% | ||
Others | 52.0 | 23.0 | -55.8% | ||
Total | 818 | 430 | -47.4% |
Top Export Markets for Gum or Wood Oils from Panama in 2022:
- Guatemala (98.0 kg)
- Colombia (12.0 kg)
- Jamaica (6.0 kg)
This report provides an in-depth analysis of the market for gum or wood oils in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20147140 - Gum, wood or sulphate turpentine oils, pine oil and other alike
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for gum or wood oils in Panama.
This report provides an in-depth analysis of the global market for gum or wood oils.
This report provides an in-depth analysis of the market for gum or wood oils in Panama.
This report provides an in-depth analysis of the global market for gum or wood oils.
In value terms, gum, wood and sulphate turpentine imports stood at $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total imports value increased at an average annual rate o...
In value terms, gum, wood and sulphate turpentine exports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rat...
In value terms, gum, wood and sulphate turpentine imports stood at $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total imports value increased at an average annual rate o...
In value terms, gum, wood and sulphate turpentine exports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rat...