Sulphites; Thiosulphates Price in Panama - 2023
Contents:
- Sulphites; Thiosulphates Price in Panama (CIF) - 2022
- Sulphites; Thiosulphates Price in Panama (FOB) - 2022
- Sulphites; Thiosulphates Imports in Panama
- Sulphites; Thiosulphates Exports in Panama
Sulphites; Thiosulphates Price in Panama (CIF) - 2022
In 2022, the average sulphites; thiosulphates import price amounted to $1,234 per ton, increasing by 15% against the previous year. Overall, the import price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 78%. Over the period under review, average import prices reached the peak figure at $1,331 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 the United States ($2,851 per ton), while the price for China ($903 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphites; Thiosulphates Price in Panama (FOB) - 2022
The average sulphites; thiosulphates export price stood at $533 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 87% against the previous year. As a result, the export price attained the peak level of $921 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($1,424 per ton), while the average price for exports to Nicaragua ($90 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 Venezuela (+18.9%), while the prices for the other major destinations experienced a decline.
Sulphites; Thiosulphates Imports in Panama
Sulphites; thiosulphates imports into Panama surged to 380 tons in 2022, increasing by 98% against 2021 figures. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 185%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, sulphites; thiosulphates imports skyrocketed to $470K in 2022. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 221%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Sulphites; Thiosulphates in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.3 | 2.1 | 17.9 | 189 | 126.3% |
| Germany | 22.7 | 7.0 | 27.3 | 131 | 79.4% |
| Netherlands | 6.9 | 0.5 | 0.8 | 69.1 | 115.5% |
| Colombia | 0.2 | 0.1 | 0.3 | 32.2 | 444.0% |
| Free Zones | 3.9 | 0.2 | 2.2 | 24.2 | 83.8% |
| United States | 11.1 | 1.5 | 9.1 | 17.7 | 16.8% |
| Thailand | N/A | N/A | 44.9 | N/A | 0% |
| Costa Rica | 76.7 | 35.8 | 55.2 | N/A | -15.2% |
| Italy | 22.8 | 11.7 | 19.8 | N/A | -6.8% |
| Others | 6.2 | 5.2 | 28.2 | 5.8 | -2.2% |
| Total | 167 | 64.0 | 206 | 470 | 41.2% |
Top Suppliers of Sulphites; Thiosulphates to Panama in 2022:
- China (209.4 tons)
- Germany (79.1 tons)
- Netherlands (55.0 tons)
- Colombia (16.9 tons)
- Free Zones (12.8 tons)
- United States (6.2 tons)
Sulphites; Thiosulphates Exports in Panama
In 2022, after three years of growth, there was decline in overseas shipments of sulphites; thiosulphateses, when their volume decreased by -0.2% to 436 tons. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 157%.
In value terms, sulphites; thiosulphates exports declined to $232K in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 80%.
| Export of Sulphites; Thiosulphates in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 109 | 130 | 174 | 172 | 16.4% |
| United States | 8.1 | 12.9 | 47.6 | 47.2 | 80.0% |
| Venezuela | 7.8 | 5.8 | 9.1 | 10.4 | 10.1% |
| Nicaragua | 3.7 | 1.9 | 2.0 | 1.6 | -24.4% |
| Ecuador | N/A | 81.0 | N/A | N/A | 0% |
| Others | 0.6 | 0.4 | 0.7 | 0.7 | 5.3% |
| Total | 129 | 232 | 233 | 232 | 21.6% |
Top Export Markets for Sulphites; Thiosulphates from Panama in 2022:
- Guatemala (327.6 tons)
- United States (82.6 tons)
- Nicaragua (17.9 tons)
- Venezuela (7.3 tons)
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