Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Panama - 2022

Contents:

  1. Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Panama (CIF) - 2022
  2. Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Panama (FOB) - 2022
  3. Imports of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Panama
  4. Exports of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Panama

Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Panama (CIF) - 2022

In 2022, the average import price for antibiotics; chloramphenicol and its derivatives; salts thereoves amounted to $65,720 per ton, shrinking by -25.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2021 an increase of 42%. As a result, import price attained the peak level of $88,556 per ton, and then declined dramatically in the following year.

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 Italy ($213,764 per ton), while the price for Guatemala ($3,441 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Panama (FOB) - 2022

In 2022, the average export price for antibiotics; chloramphenicol and its derivatives; salts thereoves amounted to $13,520 per ton, standing approx. at the previous year. Over the period under review, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 18%. As a result, the export price attained the peak level of $94,965 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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 -16.3% per year.

Imports of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Panama

Imports of antibiotics; chloramphenicol and its derivatives; salts thereoves into Panama skyrocketed to 2.4 tons in 2022, growing by 31% compared with the previous year's figure. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 277% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of antibiotics; chloramphenicol and its derivatives; salts thereoves reduced slightly to $158K in 2022. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 437%. As a result, imports reached the peak of $162K, and then shrank modestly in the following year.

Import of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China31.914.313212557.7%
Italy15.914.027.630.824.7%
Guatemala1.91.21.71.3-11.9%
Others1.80.70.80.9-20.6%
Total51.530.216215845.3%

Top Suppliers of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof to Panama in 2022:

  1. China (1867.0 kg)
  2. Guatemala (376.0 kg)
  3. Italy (144.0 kg)

Exports of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Panama

For the fourth consecutive year, Panama recorded growth in overseas shipments of antibiotics; chloramphenicol and its derivatives; salts thereoves, which increased by 0.5% to 4 tons in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 90% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of antibiotics; chloramphenicol and its derivatives; salts thereoves amounted to $54K in 2022. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 59%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Export of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Venezuela29.534.053.954.422.6%
OthersN/AN/A0.2N/A0%
Total29.534.054.154.422.6%

Top Export Markets for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof from Panama in 2022:

  1. Venezuela (4.0 tons)

Source: IndexBox Market Intelligence Platform

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