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Panama - Wool Grease And Fatty Substances - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWool Grease Price in Panama - 2023
Contents:
- Wool Grease Price in Panama (CIF) - 2022
- Wool Grease Price in Panama (FOB) - 2022
- Wool Grease Imports in Panama
- Wool Grease Exports in Panama
Wool Grease Price in Panama (CIF) - 2022
In 2022, the average wool grease import price amounted to $12,447 per ton, with an increase of 11% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 20% against the previous year. Over the period under review, average import prices attained the maximum at $13,069 per ton in 2013; however, from 2014 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 Uruguay ($15,769 per ton), while the price for Free Zones ($10,474 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Wool Grease Price in Panama (FOB) - 2022
The average wool grease export price stood at $9,286 per ton in 2022, remaining stable against the previous year. In general, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. As a result, the export price reached the peak level of $13,389 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 Costa Rica ($15,033 per ton), while the average price for exports to Venezuela ($6,695 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 El Salvador (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.
Wool Grease Imports in Panama
In 2022, purchases abroad of wool grease and fatty substances decreased by -7.9% to 3.7 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 55%.
In value terms, wool grease imports expanded slightly to $45K in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 74%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Wool Grease in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 4.9 | 6.5 | 9.0 | 15.2 | 45.8% |
China | 2.5 | 9.6 | 11.7 | 11.6 | 66.8% |
Free Zones | N/A | N/A | 7.4 | 11.5 | 55.4% |
Uruguay | 4.4 | 5.3 | 4.6 | 7.1 | 17.3% |
Hong Kong SAR | N/A | 4.9 | N/A | N/A | 0% |
Germany | 3.3 | 3.9 | 3.4 | N/A | 1.5% |
Senegal | N/A | N/A | 4.3 | N/A | 0% |
Brazil | 3.4 | 3.5 | 2.8 | N/A | -9.3% |
Others | 1.6 | 1.3 | 1.2 | N/A | -13.4% |
Total | 20.1 | 34.9 | 44.4 | 45.4 | 31.2% |
Top Suppliers of Wool Grease to Panama in 2022:
- United States (1105.0 kg)
- Free Zones (1096.0 kg)
- China (1000.0 kg)
- Uruguay (450.0 kg)
Wool Grease Exports in Panama
In 2022, shipments abroad of wool grease and fatty substances increased by 50% to 395 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a abrupt setback.
In value terms, wool grease exports soared to $3.7K in 2022. In general, exports, however, recorded a abrupt decline.
Export of Wool Grease in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Venezuela | 2.0 | 1.9 | 1.2 | 1.8 | -3.5% |
Costa Rica | 3.2 | 2.6 | 1.2 | 1.8 | -17.5% |
El Salvador | 0.7 | 0.3 | 0.1 | N/A | -62.2% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 5.9 | 4.9 | 2.5 | 3.7 | -14.4% |
Top Export Markets for Wool Grease from Panama in 2022:
- Venezuela (272.0 kg)
- Costa Rica (121.0 kg)
- El Salvador (2.0 kg)
This report provides an in-depth analysis of the wool grease market 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:
- FCL 994 - Wool Grease and Lanolin
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 wool grease market in Panama.
This report provides an in-depth analysis of the global wool grease market.
This report provides an in-depth analysis of the wool grease market in Panama.
This report provides an in-depth analysis of the global wool grease market.
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