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Panama - Nucleic Acids and Their Salts - Market Analysis, Forecast, Size, Trends and Insights
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Nucleic Acid Market Size in Panama
For the third year in a row, the Panamanian nucleic acid market recorded decline in sales value, which decreased by X% to $X in 2023. Over the period under review, consumption, however, recorded strong growth. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.
Nucleic Acid Production in Panama
In value terms, nucleic acid production reduced slightly to $X in 2023 estimated in export price. Overall, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.
Nucleic Acid Exports
Exports from Panama
After two years of growth, overseas shipments of nucleic acids and their salts decreased by X% to X tons in 2023. In general, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports reached the peak of X tons, and then reduced modestly in the following year.
In value terms, nucleic acid exports skyrocketed to $X in 2023. Overall, exports, however, saw strong growth. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.
Exports by Country
The United States (X tons) was the main destination for nucleic acid exports from Panama, with a X% share of total exports. Moreover, nucleic acid exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), eightfold. The third position in this ranking was taken by the Dominican Republic (X tons), with a X% share.
From 2012 to 2023, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and the Dominican Republic (X% per year).
In value terms, the United States ($X) remains the key foreign market for nucleic acids and their salts exports from Panama, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with a X% share of total exports. It was followed by the Dominican Republic, with less than X% share.
From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and the Dominican Republic (X% per year).
Export Prices by Country
The average nucleic acid export price stood at $X per ton in 2023, growing by X% against the previous year. Overall, the export price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X,091 per ton. From 2018 to 2023, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to the Dominican Republic ($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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.
Nucleic Acid Imports
Imports into Panama
After two years of growth, supplies from abroad of nucleic acids and their salts decreased by X% to X tons in 2023. Over the period under review, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.
In value terms, nucleic acid imports contracted significantly to $X in 2023. Overall, imports saw a slight downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.
Imports by Country
In 2023, the United States (X tons) constituted the largest nucleic acid supplier to Panama, accounting for a X% share of total imports. Moreover, nucleic acid imports from the United States exceeded the figures recorded by the second-largest supplier, Uruguay (X kg), threefold. China (X kg) ranked third in terms of total imports with a X% share.
From 2012 to 2023, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and China (X% per year).
In value terms, China ($X), India ($X) and Free Zones ($X) were the largest nucleic acid suppliers to Panama, together comprising X% of total imports. The United States, Uruguay, Costa Rica and Guatemala lagged somewhat behind, together comprising a further X%.
In terms of the main suppliers, Costa Rica, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the average nucleic acid import price amounted to $X per kg, declining by X% against the previous year. Overall, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per kg in 2020; however, from 2021 to 2023, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per kg), while the price for Guatemala ($X per kg) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the nucleic acid 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:
- Prodcom 20145290 - Compounds containing in the structure an unfused pyridine ring or a quinoline or isoquinoline ring-system, not further fused, lactames, other heterocyclic compounds with nitrogen hetero-atom(s) only (excluding compounds containing in the structure an unfused pyrazole ring, an unfused imidazole ring, a pyrimidine ring, a piperazine ring or an unfused triazine ring) N ucleic acids and other heterocyclic compounds - thiazole, b enzothiazole, other cycles
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
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