Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Panama - 2022

Contents:

  1. Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Panama (CIF) - 2022
  2. Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Panama (FOB) - 2022
  3. Imports of Cellulose Nitrates (Including Collodions); in Primary Forms in Panama
  4. Exports of Cellulose Nitrates (Including Collodions); in Primary Forms in Panama

Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Panama (CIF) - 2022

In 2022, the average import price for cellulose nitrates (including collodions); in primary formses amounted to $5,325 per ton, jumping by 32% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cellulose nitrates (including collodions); in primary formses increased by +73.7% against 2015 indices. As a result, import price reached 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 Peru ($20,660 per ton), while the price for Germany totaled $3,280 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.3%), while the prices for the other major suppliers experienced a decline.

Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Panama (FOB) - 2022

The average export price for cellulose nitrates (including collodions); in primary formses stood at $6,111 per ton in 2022, declining by -13.7% against the previous year. Over the period under review, the export price, however, posted a notable expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 69% against the previous year. The export price peaked at $7,079 per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($6,321 per ton), while the average price for exports to Nicaragua ($1,056 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 Guyana (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellulose Nitrates (Including Collodions); in Primary Forms in Panama

For the third consecutive year, Panama recorded decline in supplies from abroad of cellulose nitrates (including collodions); in primary formses, which decreased by -99.2% to 425 kg in 2022. Overall, imports recorded a sharp setback. The smallest decline of -1.4% was in 2020.

In value terms, imports of cellulose nitrates (including collodions); in primary formses fell significantly to $2.3K in 2022. In general, imports saw a dramatic contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 3.5%. As a result, imports reached the peak of $225K, and then dropped markedly in the following year.

Import of Cellulose Nitrates (Including Collodions); in Primary Forms in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany80.480.035.51.2-75.4%
PeruN/AN/AN/A1.00%
United States24.38.618.5N/A-12.7%
Costa Rica38.523.012.9N/A-42.1%
IndiaN/AN/A40.3N/A0%
IrelandN/AN/A43.0N/A0%
Brazil25.980.352.1N/A41.8%
Others41.025.522.6N/A-25.8%
Total2102172252.3-77.8%

Top Suppliers of Cellulose Nitrates (Including Collodions); in Primary Forms to Panama in 2022:

  1. Germany (375.0 kg)
  2. Peru (50.0 kg)

Exports of Cellulose Nitrates (Including Collodions); in Primary Forms in Panama

Exports of cellulose nitrates (including collodions); in primary formses from Panama skyrocketed to 830 kg in 2022, rising by 73% compared with 2021 figures. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 677%. As a result, the exports attained the peak of 1.1 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of cellulose nitrates (including collodions); in primary formses soared to $5.1K in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 635% against the previous year. As a result, the exports reached the peak of $6.7K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Cellulose Nitrates (Including Collodions); in Primary Forms in Panama (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Venezuela6664,7002,4633,81678.9%
Guyana66.046624437878.9%
El Salvador61.058825833576.4%
Nicaragua31.017675.095.045.3%
Ecuador23.010458.075.048.3%
Others71.071230037373.8%
Total9186,7463,3985,07276.8%

Top Export Markets for Cellulose Nitrates (Including Collodions); in Primary Forms from Panama in 2022:

  1. Venezuela (604.0 kg)
  2. Nicaragua (90.0 kg)
  3. Guyana (60.0 kg)
  4. El Salvador (53.0 kg)
  5. Ecuador (12.0 kg)

Source: IndexBox Market Intelligence Platform

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