Price for Lustres; Liquid Lustres and Similar Preparations in Panama - 2023

Contents:

  1. Price for Lustres; Liquid Lustres and Similar Preparations in Panama (CIF) - 2022
  2. Price for Lustres; Liquid Lustres and Similar Preparations in Panama (FOB) - 2022
  3. Imports of Lustres; Liquid Lustres and Similar Preparations in Panama
  4. Exports of Lustres; Liquid Lustres and Similar Preparations in Panama

Price for Lustres; Liquid Lustres and Similar Preparations in Panama (CIF) - 2022

In 2022, the average import price for lustres; liquid lustres and similar preparationses amounted to $2,984 per ton, shrinking by -84% against the previous year. In general, the import price faced a abrupt decrease. The growth pace was the most rapid in 2021 when the average import price increased by 104% against the previous year. As a result, import price attained the peak level of $18,702 per ton, and then shrank notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,348 per ton), while the price for Spain stood at $2,935 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.3%), while the prices for the other major suppliers experienced a decline.

Price for Lustres; Liquid Lustres and Similar Preparations in Panama (FOB) - 2022

The average export price for lustres; liquid lustres and similar preparationses stood at $186,410 per ton in 2022, declining by -15.2% against the previous year. Over the period under review, the export price, however, enjoyed a pronounced increase. The growth pace was the most rapid in 2017 when the average export price increased by 158%. Over the period under review, the average export prices attained the maximum at $360,349 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($1,425,750 per ton), while the average price for exports to Venezuela ($8,257 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 Finland (+40.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lustres; Liquid Lustres and Similar Preparations in Panama

In 2022, after two years of decline, there was significant growth in overseas purchases of lustres; liquid lustres and similar preparationses, when their volume increased by 3,309% to 1.6 tons. In general, imports, however, saw a drastic downturn.

In value terms, imports of lustres; liquid lustres and similar preparationses skyrocketed to $4.8K in 2022. Overall, imports, however, continue to indicate a sharp setback.

Import of Lustres; Liquid Lustres and Similar Preparations in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain1.4N/AN/A4.648.7%
United States8.5N/AN/A0.1-77.3%
South Korea1.2N/AN/AN/A0%
China6.50.2N/AN/A-96.9%
Mexico1.5N/AN/AN/A0%
Taiwan (Chinese)3.8N/AN/AN/A0%
Turkey6.10.70.9N/A-61.6%
Others1.8N/AN/AN/A0%
Total30.71.00.94.8-46.1%

Top Suppliers of Lustres; Liquid Lustres and Similar Preparations to Panama in 2022:

  1. Spain (1579.0 kg)
  2. United States (23.0 kg)

Exports of Lustres; Liquid Lustres and Similar Preparations in Panama

Exports of lustres; liquid lustres and similar preparationses from Panama soared to 156 kg in 2022, picking up by 169% on the year before. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 180% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, exports of lustres; liquid lustres and similar preparationses skyrocketed to $29K in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 539% against the previous year. As a result, the exports attained the peak of $45K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Lustres; Liquid Lustres and Similar Preparations in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Colombia5.313.15.917.147.8%
Dominican Republic1.54.92.911.194.9%
Venezuela0.20.50.20.644.2%
TurkeyN/A26.6N/AN/A0%
Others0.10.23.80.344.2%
Total7.145.412.829.160.0%

Top Export Markets for Lustres; Liquid Lustres and Similar Preparations from Panama in 2022:

  1. Venezuela (74.0 kg)
  2. Dominican Republic (68.0 kg)
  3. Colombia (12.0 kg)

Source: IndexBox Market Intelligence Platform

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