Report Update: May 1, 2024

Panama - Industrial Monocarboxylic Fatty Acids - Market Analysis, Forecast, Size, Trends And Insights

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Price for Industrial Monocarboxylic Fatty Acids in Panama - 2023

Price for Industrial Monocarboxylic Fatty Acids in Panama (CIF) - 2022

The average industrial monocarboxylic fatty acids import price stood at $1,594 per ton in 2022, picking up by 65% against the previous year. Over the period under review, the import price, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2013 an increase of 161% against the previous year. The import price peaked at $6,673 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Brazil ($1,805 per ton) and Uruguay ($1,636 per ton), while the price for Costa Rica ($1,440 per ton) and Argentina ($1,582 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+21.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Industrial Monocarboxylic Fatty Acids in Panama (FOB) - 2022

In 2022, the average industrial monocarboxylic fatty acids export price amounted to $371 per ton, waning by -23.9% against the previous year. Overall, the export price faced a deep downturn. The pace of growth appeared the most rapid in 2015 an increase of 116%. As a result, the export price attained the peak level of $5,930 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($441 per ton), while the average price for exports to Ireland ($192 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 Guatemala (+34.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Monocarboxylic Fatty Acids in Panama

In 2022, approx. 7.4K tons of industrial monocarboxylic fatty acids were imported into Panama; dropping by -10.6% against the previous year's figure. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. As a result, imports attained the peak of 8.3K tons, and then declined in the following year.

In value terms, industrial monocarboxylic fatty acids imports surged to $12M in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 121% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Import of Industrial Monocarboxylic Fatty Acids in Panama (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Argentina	3.8	3.2	6.2	8.5	30.8%
Uruguay	0.8	0.3	0.8	1.2	14.5%
Brazil	N/A	N/A	N/A	1.1	0%
Costa Rica	N/A	N/A	1.0	1.0	0.0%
Others	0.2	0.2	0.1	N/A	-29.3%
Total	4.7	3.6	8.0	11.9	36.3%

Top Suppliers of Industrial Monocarboxylic Fatty Acids to Panama in 2022:

Argentina (5.4K tons)
Uruguay (0.8K tons)
Costa Rica (0.7K tons)
Brazil (0.6K tons)

Exports of Industrial Monocarboxylic Fatty Acids in Panama

For the fourth year in a row, Panama recorded growth in overseas shipments of industrial monocarboxylic fatty acids, which increased by 185% to 15K tons in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 609% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, industrial monocarboxylic fatty acids exports skyrocketed to $5.7M in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 887%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Industrial Monocarboxylic Fatty Acids in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	N/A	N/A	1,584	2,180	37.6%
Spain	N/A	N/A	N/A	1,757	0%
Italy	N/A	389	995	637	28.0%
Portugal	N/A	N/A	N/A	433	0%
Ireland	N/A	N/A	N/A	431	0%
United Kingdom	N/A	N/A	N/A	143	0%
Nicaragua	N/A	0.4	12.1	110	1558.3%
Others	40.0	5.2	41.2	14.4	-28.9%
Total	40.0	395	2,632	5,705	422.5%

Top Export Markets for Industrial Monocarboxylic Fatty Acids from Panama in 2022:

Netherlands (4.9K tons)
Spain (4.4K tons)
Ireland (2.2K tons)
Italy (1.9K tons)
Portugal (1.1K tons)
United Kingdom (0.4K tons)
Nicaragua (0.3K tons)

This report provides an in-depth analysis of the market for industrial monocarboxylic fatty acids in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143195 - Industrial monocarboxylic fatty acids distilled (excluding stearic, oleic tall oil)
Prodcom 20143197 - Industrial monocarboxylic fatty acids (excluding stearic, oleic, t all oil, distilled)

Country coverage:

Panama

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Panama
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023