Price for Fertilizers; Mineral or Chemical, Nitrogenous in Panama - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Panama (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Panama (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Panama
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Panama
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Panama (CIF) - 2023
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $515 per ton in November 2023, which is down by -25.6% against the previous month. In general, the import price saw a noticeable shrinkage. The pace of growth was the most pronounced in September 2023 an increase of 70% month-to-month. The import price peaked at $1,109 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($5,027 per ton), while the price for China ($253 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Panama (FOB) - 2022
Panama has no trade partners to describe.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Panama
For the fourth consecutive year, Panama recorded growth in overseas purchases of fertilizers; mineral or chemical, nitrogenoi, which increased by 35% to 147K tons in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports surged to $73M in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 70%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 7.9 | 12.1 | 23.9 | 25.5 | 47.8% |
| Georgia | N/A | N/A | N/A | 13.6 | 0% |
| Trinidad and Tobago | 5.1 | 6.5 | 13.9 | 12.2 | 33.7% |
| Chile | 0.6 | 0.2 | 0.8 | 7.0 | 126.8% |
| Peru | N/A | N/A | 0.2 | 5.6 | 2700.0% |
| China | 0.9 | 2.1 | 1.9 | 2.9 | 47.7% |
| United States | 0.1 | N/A | 0.1 | 1.8 | 162.1% |
| Costa Rica | 24.1 | 4.4 | 2.7 | 0.4 | -74.5% |
| Others | 1.9 | 0.6 | 0.7 | 3.7 | 24.9% |
| Total | 40.5 | 26.0 | 44.3 | 72.7 | 21.5% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Panama in 2022:
- Russia (72.2K tons)
- Trinidad and Tobago (25.4K tons)
- Chile (14.1K tons)
- Georgia (13.0K tons)
- Peru (9.9K tons)
- China (5.6K tons)
- United States (2.3K tons)
- Costa Rica (0.3K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Panama
Fertilizers; mineral or chemical, nitrogenous exports from Panama totaled 24 tons in 2022, approximately mirroring the previous year's figure. Overall, exports showed a significant curtailment. The smallest decline of -16.9% was in 2020.
In value terms, fertilizers; mineral or chemical, nitrogenous exports totaled $26K in 2022. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, the exports attained the peak of $52K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | N/A | 5.6 | N/A | N/A | 0% |
| Belize | N/A | 13.0 | N/A | N/A | 0% |
| Colombia | 2.0 | N/A | N/A | N/A | 0% |
| United States | N/A | 0.5 | N/A | N/A | 0% |
| Curacao | N/A | 1.5 | N/A | N/A | 0% |
| Others | 40.7 | 31.2 | N/A | 25.9 | -14.0% |
| Total | 42.7 | 51.8 | N/A | 25.9 | -15.4% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Panama in 2022:
28
This report provides an in-depth analysis of the ammonium nitrate market in Panama.
151
This report provides an in-depth analysis of the urea market in Panama.
164
This report provides an in-depth analysis of the nitrogenous fertilizer market in Panama.
123
This report provides an in-depth analysis of the sodium nitrate market in Panama.
101
This report provides an in-depth analysis of the market for calcium ammonium nitrate (can) in Panama.
77
This report provides an in-depth analysis of the ammonium sulphate market in Panama.
98
This report provides an in-depth analysis of the market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Panama.
178
This report provides an in-depth analysis of the fertilizer market in Panama.
96
This report provides an in-depth analysis of the market for iron or steel can in Panama.
987
This report provides an in-depth analysis of the global ammonium nitrate market.
19
The global market for ammonium nitrate is expected to experience steady growth over the next seven years, with market volume projected to reach 31M tons and market value expected to reach $15.8B by the end of 2030. The market is forecasted to see a CAGR of +3.0% in volume and +5.5% in value from 2023 to 2030.
387
Explore the top import markets for urea, including India, Brazil, United States, Australia, and more. Learn about their import values and key statistics.
3037
Urea price soared by +46% in October 2021, reaching $612.5 per ton, according to the latest World Bank's data. The spike was caused by a sharp slump in the world's production, as many producers have suspended manufacturing owing to skyrocketing natural gas prices and energy resource shortages. Russia, China and Egypt remain the key urea suppliers, while India, Brazil and the U.S. lead the world import ranking.
838
Brazil, Argentina, Australia and Spain increased urea supplies from abroad sharply in 2020. Despite this, global imports of this product slightly dropped last year. India, Brazil, the U.S. remain the largest markets for imported urea worldwide. In 2020, the average import price reduced by -9.8% against the previous year.
144
Explore the top 10 import markets for nitrogenous fertilizer and their significance in the global agricultural industry.
1042
In value terms, radioactive chemical elements and radioactive isotopes imports amounted to $X in 2016. Overall, radioactive chemical elements and radioactive isotopes imports continue to indicate a ...
793
In value terms, mineral and chemical, phosphatic fertilizers imports totaled $X in 2016. In general, mineral and chemical, phosphatic fertilizers imports continue to indicate a relatively flat tren...
1345
In value terms, mineral and chemical, potassic fertilizers imports amounted to $X in 2016. Overall, it indicated a mild growth from 2007 to 2016: the total imports value increased at an average annu...
793
In value terms, chemical elements doped for use in electronics imports stood at $X in 2016. Overall, chemical elements doped for use in electronics imports continue to indicate a moderate deduction. ...
844
In value terms, mineral and chemical, potassic fertilizers exports amounted to $X in 2016. Overall, it indicated a temperate expansion from 2007 to 2016: the total exports value decreased at an aver...
