Price for Petroleum Gases and Other Gaseous Hydrocarbons in Panama - 2023

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Panama (CIF) - 2022
2. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Panama (FOB) - 2022
3. Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Panama
4. Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Panama

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Panama (CIF) - 2022

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $367 per ton in 2022, picking up by 16% against the previous year. In general, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 an increase of 47% against the previous year. The import price peaked at $2,134 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Free Zones ($534 per ton), while the price for the United States amounted to $310 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+10.9%).

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Panama (FOB) - 2022

In 2022, the average export price for petroleum gases and other gaseous hydrocarbonses amounted to $1,256 per ton, with a decrease of -18.5% against the previous year. In general, the export price showed a perceptible reduction. The most prominent rate of growth was recorded in 2014 an increase of 52%. Over the period under review, the average export prices hit record highs at $1,822 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +1.1% per year.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Panama

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses imported into Panama soared to 762K tons, surging by 73% against the previous year. Overall, imports enjoyed a tangible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses soared to $279M in 2022. In general, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Panama in 2022:

1. United States (568.8K tons)
2. Free Zones (192.8K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Panama

In 2022, exports of petroleum gases and other gaseous hydrocarbonses from Panama surged to 461 tons, picking up by 99% against the year before. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 129% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $579K in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 105%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Panama in 2022:

1. Costa Rica (461.1 tons)

Source: IndexBox Market Intelligence Platform