Price for Boron Oxide and Boric Acid in Panama - 2023
Contents:
- Price for Boron Oxide and Boric Acid in Panama (CIF) - 2022
- Price for Boron Oxide and Boric Acid in Panama (FOB) - 2022
- Imports of Boron Oxide and Boric Acid in Panama
- Exports of Boron Oxide and Boric Acid in Panama
Price for Boron Oxide and Boric Acid in Panama (CIF) - 2022
In 2022, the average import price for oxides of boron and boric acids amounted to $2,103 per ton, waning by -14.7% against the previous year. In general, the import price, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 109% against the previous year. As a result, import price reached the peak level of $2,464 per ton, and then reduced in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Guatemala ($2,297 per ton), while the price for the Netherlands totaled $1,566 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Boron Oxide and Boric Acid in Panama (FOB) - 2022
In 2022, the average export price for oxides of boron and boric acids amounted to $2,593 per ton, growing by 4.9% against the previous year. In general, the export price continues to indicate a mild increase. The pace of growth was the most pronounced in 2021 an increase of 171%. Over the period under review, the average export prices hit record highs at $3,853 per ton in 2013; however, from 2014 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 Venezuela ($2,597 per ton), while the average price for exports to Guatemala totaled $667 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (-10.6%), while the prices for the other major destinations experienced a decline.
Imports of Boron Oxide and Boric Acid in Panama
In 2022, approx. 6.2 tons of oxides of boron and boric acids were imported into Panama; which is down by -78.5% compared with 2021 figures. In general, imports continue to indicate a significant decline. The smallest decline of -3.8% was in 2020.
In value terms, boron oxide and boric acid imports contracted sharply to $13K in 2022. Overall, imports faced a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of $72K, and then dropped sharply in the following year.
| Import of Boron Oxide and Boric Acid in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 12.8 | 3.4 | 7.1 | 6.9 | -18.6% |
| Netherlands | N/A | 3.6 | N/A | 4.9 | 16.7% |
| Chile | 8.1 | 5.8 | 2.1 | N/A | -49.1% |
| China | 7.9 | 6.0 | 11.3 | N/A | 19.6% |
| United States | 7.2 | 6.1 | 14.4 | N/A | 41.4% |
| Costa Rica | 9.5 | 8.0 | 1.9 | N/A | -55.3% |
| Peru | 16.3 | 11.3 | 19.4 | N/A | 9.1% |
| Others | 8.0 | 6.1 | 15.2 | 1.3 | -45.4% |
| Total | 69.8 | 50.3 | 71.5 | 13.1 | -42.7% |
Top Suppliers of Boron Oxide and Boric Acid to Panama in 2022:
- Netherlands (3.1 tons)
- Guatemala (3.0 tons)
Exports of Boron Oxide and Boric Acid in Panama
In 2022, after two years of decline, there was significant growth in shipments abroad of oxides of boron and boric acids, when their volume increased by 806% to 1.4 tons. Overall, exports, however, showed a sharp decline.
In value terms, boron oxide and boric acid exports surged to $3.6K in 2022. In general, exports, however, continue to indicate a precipitous decrease.
| Export of Boron Oxide and Boric Acid in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 9.4 | 6.6 | 0.4 | 3.6 | -27.4% |
| El Salvador | N/A | 0.2 | N/A | N/A | 0% |
| Belgium | 0.5 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 10.0 | 6.9 | 0.4 | 3.6 | -28.9% |
Top Export Markets for Boron Oxide and Boric Acid from Panama in 2022:
- Venezuela (1401.0 kg)
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