Liquefied Butanes Price in Panama - 2023

Contents:

1. Liquefied Butanes Price in Panama (CIF) - 2023
2. Liquefied Butanes Price in Panama (FOB) - 2022
3. Liquefied Butanes Imports in Panama
4. Liquefied Butanes Exports in Panama

Liquefied Butanes Price in Panama (CIF) - 2023

In November 2023, the average liquefied butanes import price amounted to $224 per ton, rising by 10% against the previous month. In general, the import price, however, saw a abrupt setback. The pace of growth appeared the most rapid in January 2023 an increase of 214% month-to-month. As a result, import price reached the peak level of $497 per ton. From February 2023 to November 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Free Zones ($423 per ton), while the price for the United States totaled $38.0 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (-0.2%).

Liquefied Butanes Price in Panama (FOB) - 2022

In 2022, the average liquefied butanes export price amounted to $1,207 per ton, increasing by 28% against the previous year. Overall, the export price, however, showed a perceptible shrinkage. The export price peaked at $1,726 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($4,559 per ton), while the average price for exports to Ecuador ($1,759 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 Colombia (+9.6%).

Liquefied Butanes Imports in Panama

In 2022, after three years of growth, there was significant decline in supplies from abroad of liquefied butaneses, when their volume decreased by -13.9% to 134K tons. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 84% against the previous year. As a result, imports attained the peak of 156K tons, and then declined in the following year.

In value terms, liquefied butanes imports surged to $119M in 2022. Overall, imports, however, posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 78% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Liquefied Butanes to Panama in 2022:

1. United States (84.0K tons)
2. Free Zones (37.0K tons)

Liquefied Butanes Exports in Panama

In 2022, approx. 216 tons of liquefied butaneses were exported from Panama; falling by -6.6% compared with the previous year. In general, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 129% against the previous year. As a result, the exports reached the peak of 231 tons, and then fell in the following year.

In value terms, liquefied butanes exports surged to $261K in 2022. The total export value increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Liquefied Butanes from Panama in 2022:

1. Ecuador (36.5 tons)
2. South Korea (35.9 tons)
3. Colombia (19.7 tons)

Source: IndexBox Market Intelligence Platform