Panama - Anhydrous Ammonia - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Panama - Anhydrous Ammonia - Market Analysis, Forecast, Size, Trends And Insights

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Ammonia Price in Panama - 2023

Contents:

  1. Ammonia Price in Panama (CIF) - 2022
  2. Ammonia Price in Panama (FOB) - 2022
  3. Ammonia Imports in Panama
  4. Ammonia Exports in Panama

Ammonia Price in Panama (CIF) - 2022

The average ammonia import price stood at $1,869 per ton in 2022, increasing by 30% against the previous year. In general, the import price enjoyed a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($2,014 per ton), while the price for the United States totaled $1,557 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Ammonia Price in Panama (FOB) - 2022

In 2021, the average ammonia export price amounted to $931 per ton, reducing by -9.6% against the previous year. In general, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ammonia export price decreased by +0.4% against 2019 indices. The growth pace was the most rapid in 2013 when the average export price increased by 89%. Over the period under review, the average export prices attained the maximum at $1,592 per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Guatemala ($1,209 per ton), while the average price for exports to Spain ($744 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+6.0%), while the prices for the other major destinations experienced a decline.

Ammonia Imports in Panama

Ammonia imports into Panama reduced to 103 tons in 2022, which is down by -8.2% against 2021. Over the period under review, imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 0.4% against the previous year.

In value terms, ammonia imports soared to $192K in 2022. In general, imports recorded a precipitous setback.

Import of Ammonia in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico49.324.972.814141.9%
United States8.110.816.850.884.4%
Guatemala34.363.415.0N/A-33.9%
Trinidad and Tobago18034.852.5N/A-46.0%
Portugal142N/AN/AN/A0%
Others24.59.23.4N/A-62.7%
Total438143160192-24.0%

Top Suppliers of Ammonia to Panama in 2022:

  1. Mexico (70.0 tons)
  2. United States (32.7 tons)

Ammonia Exports in Panama

In 2021, ammonia exports from Panama skyrocketed to 1.8 tons, with an increase of 998% on the previous year. Over the period under review, exports, however, saw a dramatic setback.

In value terms, ammonia exports skyrocketed to $1.7K in 2021. Overall, exports, however, saw a sharp reduction.

Export of Ammonia in Panama (USD)
COUNTRY201920202021CAGR,
2019-2021
Costa Rica2,5271501,453-24.2%
Guatemala44921.0156-41.1%
Spain2711.099.0-39.6%
OthersN/AN/AN/A0%
Total3,2471721,708-27.5%

Top Export Markets for Ammonia from Panama in 2022:

  1. Costa Rica (1572.0 kg)
  2. Spain (133.0 kg)
  3. Guatemala (129.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ammonia 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 20151075 - Anhydrous ammonia

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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