Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Panama - 2023
Contents:
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Panama (CIF) - 2022
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Panama (FOB) - 2022
- Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Panama
- Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Panama
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Panama (CIF) - 2022
In 2022, the average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol amounted to $6,888 per ton, dropping by -77.3% against the previous year. Overall, the import price, however, saw a modest increase. The most prominent rate of growth was recorded in 2018 when the average import price decreased by -27% against the previous year. Over the period under review, average import prices hit record highs at $44,532 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($134,077 per ton), while the price for Free Zones stood at $1,377 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+28.8%).
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Panama (FOB) - 2022
The average export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol stood at $2,103 per ton in 2022, growing by 2.4% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by 32%. Over the period under review, the average export prices attained the maximum at $4,971 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Venezuela.
From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to -6.7% per year.
Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Panama
In 2022, approx. 313 kg of alcohols; aromatic alcohols and derivatives, benzyl alcohol were imported into Panama; rising by 1,152% compared with the previous year. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol surged to $2.2K in 2022. In general, imports recorded modest growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Panama (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | 279 | 44.0 | 1,743 | 149.9% | |
| Free Zones | N/A | N/A | 413 | 0% | |
| Spain | 668 | 348 | N/A | -47.9% | |
| Others | 1,146 | 365 | N/A | -68.2% | |
| Total | 2,093 | 757 | 2,156 | 1.5% | |
Top Suppliers of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol to Panama in 2022:
- Free Zones (300.0 kg)
- United States (13.0 kg)
Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Panama
After three years of growth, overseas shipments of alcohols; aromatic alcohols and derivatives, benzyl alcohol decreased by -8% to 3.7 tons in 2022. The total export volume increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 19%. As a result, the exports reached the peak of 4 tons, and then contracted in the following year.
In value terms, exports of alcohols; aromatic alcohols and derivatives, benzyl alcohol shrank to $7.8K in 2022. The total export value increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 13%. As a result, the exports reached the peak of $8.3K, and then reduced in the following year.
| Export of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 4.1 | 7.3 | 8.3 | 7.8 | 23.9% |
| Colombia | 2.4 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Total | 6.5 | 7.3 | 8.3 | 7.8 | 6.3% |
Top Export Markets for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol from Panama in 2022:
- Venezuela (3.7 tons)
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