Price for Hydrogen, Rare Gases and Other Non-Metals in Panama - 2023

Contents:

  1. Price for Hydrogen, Rare Gases and Other Non-Metals in Panama (CIF) - 2022
  2. Price for Hydrogen, Rare Gases and Other Non-Metals in Panama (FOB) - 2022
  3. Imports of Hydrogen, Rare Gases and Other Non-Metals in Panama
  4. Exports of Hydrogen, Rare Gases and Other Non-Metals in Panama

Price for Hydrogen, Rare Gases and Other Non-Metals in Panama (CIF) - 2022

The average import price for hydrogen, rare gases and other non-metalses stood at $1 per cubic meter in 2022, jumping by 69% against the previous year. Overall, the import price, however, recorded a abrupt slump. Over the period under review, average import prices hit record highs at $1.7 per cubic meter in 2012; however, from 2013 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 Mexico ($2.2 per cubic meter), while the price for Colombia ($0.3 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hydrogen, Rare Gases and Other Non-Metals in Panama (FOB) - 2022

The average export price for hydrogen, rare gases and other non-metalses stood at $0.6 per cubic meter in 2022, falling by -63.2% against the previous year. Overall, the export price faced a sharp decrease. The most prominent rate of growth was recorded in 2014 an increase of 418%. The export price peaked at $94 per cubic meter in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($2 per cubic meter), while the average price for exports to Costa Rica ($0.3 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (-0.8%), while the prices for the other major destinations experienced a decline.

Imports of Hydrogen, Rare Gases and Other Non-Metals in Panama

In 2022, purchases abroad of hydrogen, rare gases and other non-metalses decreased by -50.2% to 2.5M cubic meters, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a significant curtailment. The growth pace was the most rapid in 2020 with an increase of 10% against the previous year. As a result, imports reached the peak of 5.8M cubic meters. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of hydrogen, rare gases and other non-metalses dropped remarkably to $2.4M in 2022. Overall, imports showed a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 1.7%. As a result, imports attained the peak of $2.9M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Hydrogen, Rare Gases and Other Non-Metals in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States48847963677016.4%
Costa Rica636727764558-4.3%
Mexico13816226646950.3%
Guatemala1,0391,146760272-36.0%
France21770.096.354.4-36.9%
Belgium14962.211553.6-28.9%
ColombiaN/A49.782.342.3-7.7%
NicaraguaN/AN/A13.030.9137.7%
China11458.933.815.6-48.5%
Others52.712881.713235.8%
Total2,8352,8822,8482,397-5.4%

Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Panama in 2022:

  1. Costa Rica (1206.2K cubic meters)
  2. Guatemala (394.5K cubic meters)
  3. United States (344.0K cubic meters)
  4. Mexico (209.2K cubic meters)
  5. Colombia (142.0K cubic meters)
  6. France (58.6K cubic meters)
  7. Nicaragua (41.6K cubic meters)
  8. Belgium (36.4K cubic meters)
  9. China (27.8K cubic meters)

Exports of Hydrogen, Rare Gases and Other Non-Metals in Panama

In 2022, approx. 1M cubic meters of hydrogen, rare gases and other non-metalses were exported from Panama; picking up by 105% against the previous year. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,427% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of hydrogen, rare gases and other non-metalses fell sharply to $644K in 2022. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 135%. As a result, the exports attained the peak of $855K, and then contracted significantly in the following year.

Export of Hydrogen, Rare Gases and Other Non-Metals in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Dominican RepublicN/A50.5112357165.9%
Costa Rica27.475.8385236105.0%
JamaicaN/AN/A81.452.0-36.1%
NicaraguaN/AN/A247N/A0%
Others28523829.9N/A-67.6%
Total31236485564427.3%

Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Panama in 2022:

  1. Costa Rica (699.9K cubic meters)
  2. Dominican Republic (182.1K cubic meters)
  3. Jamaica (121.7K cubic meters)

Source: IndexBox Market Intelligence Platform

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