Panama: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Panama

The Panamanian halogenated hydrocarbon derivative market fell to $X in 2023, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Halogenated hydrocarbon derivative consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Halogenated Hydrocarbon Derivative Production in Panama

In value terms, halogenated hydrocarbon derivative production dropped to $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from Panama

In 2023, approx. X tons of halogenated derivatives of hydrocarbons were exported from Panama; with a decrease of X% on 2022 figures. In general, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative exports plummeted to $X in 2023. Over the period under review, exports showed a significant contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Guyana (X tons) was the main destination for halogenated hydrocarbon derivative exports from Panama, accounting for a X% share of total exports. Moreover, halogenated hydrocarbon derivative exports to Guyana exceeded the volume sent to the second major destination, Chile (X kg), fivefold. Belize (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Guyana totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Belize (X% per year).

In value terms, Guyana ($X), Chile ($X) and Canada ($X) constituted the largest markets for halogenated hydrocarbon derivative exported from Panama worldwide, with a combined X% share of total exports.

Canada, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average halogenated hydrocarbon derivative export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price continues to indicate a pronounced decrease. The growth pace was the most rapid in 2022 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Belize ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Panama

In 2023, approx. X tons of halogenated derivatives of hydrocarbons were imported into Panama; falling by X% compared with the previous year's figure. Overall, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, halogenated hydrocarbon derivative imports dropped sharply to $X in 2023. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X tons) constituted the largest halogenated hydrocarbon derivative supplier to Panama, with a X% share of total imports. Moreover, halogenated hydrocarbon derivative imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was taken by Free Zones (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Free Zones (X% per year).

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of hydrocarbons to Panama, comprising X% of total imports. The second position in the ranking was taken by India ($X), with an X% share of total imports. It was followed by Free Zones, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Free Zones (X% per year).

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Free Zones ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform