Carbonates; Potassium Carbonate Price in Panama - 2023
Contents:
- Carbonates; Potassium Carbonate Price in Panama (CIF) - 2022
- Carbonates; Potassium Carbonate Price in Panama (FOB) - 2022
- Carbonates; Potassium Carbonate Imports in Panama
- Carbonates; Potassium Carbonate Exports in Panama
Carbonates; Potassium Carbonate Price in Panama (CIF) - 2022
The average carbonates; potassium carbonate import price stood at $11,570 per ton in 2022, with an increase of 856% against the previous year. In general, the import price showed a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Free Zones.
From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +13.8% per year.
Carbonates; Potassium Carbonate Price in Panama (FOB) - 2022
The average carbonates; potassium carbonate export price stood at $629 per ton in 2022, stabilizing at the previous year. Over the period under review, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 119% against the previous year. Over the period under review, the average export prices reached the maximum at $3,298 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Guatemala.
From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to -14.3% per year.
Carbonates; Potassium Carbonate Imports in Panama
In 2022, supplies from abroad of carbonates; potassium carbonates decreased by -99.3% to 135 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 48%. As a result, imports attained the peak of 19 tons, and then contracted dramatically in the following year.
In value terms, carbonates; potassium carbonate imports declined sharply to $1.6K in 2022. Over the period under review, imports faced a significant decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports attained the peak of $23K, and then dropped rapidly in the following year.
Import of Carbonates; Potassium Carbonate in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Free Zones | 0.1 | N/A | N/A | 1.6 | 152.0% |
Hong Kong SAR | 1.0 | 0.3 | 1.5 | N/A | 22.5% |
South Korea | N/A | N/A | 4.5 | N/A | 0% |
United States | 14.0 | 17.9 | 16.6 | N/A | 8.9% |
Others | 0.3 | 0.7 | 0.6 | N/A | 41.4% |
Total | 15.4 | 18.9 | 23.2 | 1.6 | -53.0% |
Top Suppliers of Carbonates; Potassium Carbonate to Panama in 2022:
- Free Zones (135.0 kg)
Carbonates; Potassium Carbonate Exports in Panama
Carbonates; potassium carbonate exports from Panama soared to 44 tons in 2022, jumping by 20% against 2021 figures. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.0% 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 +72.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 20% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, carbonates; potassium carbonate exports skyrocketed to $28K in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +66.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Carbonates; Potassium Carbonate in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Guatemala | 16.5 | 19.6 | 23.3 | 27.6 | 18.7% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 16.6 | 19.6 | 23.3 | 27.6 | 18.5% |
Top Export Markets for Carbonates; Potassium Carbonate from Panama in 2022:
- Guatemala (43.8 tons)
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