Ester Gums Price in Panama - 2022
Contents:
- Ester Gums Price in Panama (CIF) - 2022
- Ester Gums Price in Panama (FOB) - 2022
- Ester Gums Imports in Panama
- Ester Gums Exports in Panama
Ester Gums Price in Panama (CIF) - 2022
In 2022, the average ester gums import price amounted to $3,067 per ton, picking up by 30% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($9,998 per ton), while the price for South Korea ($1,996 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Ester Gums Price in Panama (FOB) - 2022
In 2022, the average ester gums export price amounted to $2,035 per ton, approximately reflecting the previous year. In general, the export price showed a noticeable descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by 9.8% against the previous year. As a result, the export price reached the peak level of $3,390 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($15,917 per ton), while the average price for exports to the Dominican Republic ($577 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 Brazil (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.
Ester Gums Imports in Panama
Ester gums imports into Panama totaled 38 tons in 2022, growing by 5.8% against 2021 figures. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 70%. As a result, imports reached the peak of 78 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, ester gums imports surged to $115K in 2022. In general, imports posted a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 68%. As a result, imports reached the peak of $161K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Ester Gums in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 35.2 | 102 | 49.0 | 60.6 | 19.9% |
| United States | 42.2 | 40.2 | 25.4 | 42.9 | 0.5% |
| Taiwan (Chinese) | 17.4 | 18.4 | 8.9 | 11.0 | -14.2% |
| Others | 1.0 | 1.1 | 0.5 | 0.7 | -11.2% |
| Total | 95.9 | 161 | 83.8 | 115 | 6.2% |
Top Suppliers of Ester Gums to Panama in 2022:
- South Korea (30.4 tons)
- United States (4.3 tons)
- Taiwan (Chinese) (2.8 tons)
Ester Gums Exports in Panama
In 2022, overseas shipments of ester gumses were finally on the rise to reach 9.8 tons after two years of decline. In general, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, ester gums exports stood at $20K in 2022. Overall, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ester Gums in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 6.7 | 6.0 | 5.7 | 5.2 | -8.1% |
| Nicaragua | 2.2 | 2.6 | 3.3 | 4.0 | 22.1% |
| Guatemala | 2.2 | 2.4 | 2.6 | 2.8 | 8.4% |
| Colombia | 3.9 | 3.4 | 3.2 | 2.8 | -10.5% |
| Brazil | 2.3 | 2.2 | 2.1 | 1.9 | -6.2% |
| Costa Rica | 1.2 | 1.4 | 1.6 | 1.9 | 16.6% |
| Trinidad and Tobago | 0.4 | 0.4 | 0.5 | 0.6 | 14.5% |
| Haiti | 0.4 | 0.4 | 0.4 | 0.4 | 0.0% |
| Others | 0.6 | 1.1 | 0.5 | 0.5 | -5.9% |
| Total | 19.9 | 19.9 | 19.9 | 20.0 | 0.2% |
Top Export Markets for Ester Gums from Panama in 2022:
- Honduras (5.5 tons)
- Guatemala (1.2 tons)
- Colombia (1.2 tons)
- Costa Rica (0.6 tons)
- Nicaragua (0.5 tons)
- Trinidad and Tobago (0.3 tons)
- Haiti (0.2 tons)
- Brazil (0.1 tons)
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