Price for Inorganic Acids; Other than Hydrogen Fluoride in Panama - 2023

Contents:

  1. Price for Inorganic Acids; Other than Hydrogen Fluoride in Panama (CIF) - 2022
  2. Price for Inorganic Acids; Other than Hydrogen Fluoride in Panama (FOB) - 2022
  3. Imports of Inorganic Acids; Other than Hydrogen Fluoride in Panama
  4. Exports of Inorganic Acids; Other than Hydrogen Fluoride in Panama

Price for Inorganic Acids; Other than Hydrogen Fluoride in Panama (CIF) - 2022

The average import price for inorganic acids; other than hydrogen fluorides stood at $2,852 per ton in 2022, approximately mirroring the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 108%. As a result, import price reached the peak level of $6,703 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,649 per ton), while the price for India stood at $2,330 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.2%), while the prices for the other major suppliers experienced a decline.

Price for Inorganic Acids; Other than Hydrogen Fluoride in Panama (FOB) - 2022

The average export price for inorganic acids; other than hydrogen fluorides stood at $1,139 per ton in 2022, remaining stable against the previous year. Overall, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 1.5%. Over the period under review, the average export prices reached the maximum at $9,380 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Belize.

From 2012 to 2022, the rate of growth in terms of prices for Cuba amounted to -19.7% per year.

Imports of Inorganic Acids; Other than Hydrogen Fluoride in Panama

In 2022, overseas purchases of inorganic acids; other than hydrogen fluorides decreased by -71% to 56 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 562%.

In value terms, imports of inorganic acids; other than hydrogen fluorides declined notably to $161K in 2022. In general, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 412%. As a result, imports reached the peak of $625K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Inorganic Acids; Other than Hydrogen Fluoride in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China8.225.630.092.7124.4%
India30.396.611546.615.4%
South Korea23.341.943.1N/A36.0%
Guatemala27.5392308N/A234.7%
Others32.668.358.321.2-13.4%
Total1226255541619.7%

Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to Panama in 2022:

  1. China (35.0 tons)
  2. India (20.0 tons)

Exports of Inorganic Acids; Other than Hydrogen Fluoride in Panama

In 2022, shipments abroad of inorganic acids; other than hydrogen fluorides decreased by 0% to 424 kg, falling for the second year in a row after two years of growth. In general, exports faced a sharp curtailment. The growth pace was the most rapid in 2020 with an increase of 677% against the previous year. As a result, the exports reached the peak of 112 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of inorganic acids; other than hydrogen fluorides totaled $483 in 2022. Over the period under review, exports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 228% against the previous year. As a result, the exports attained the peak of $100K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Inorganic Acids; Other than Hydrogen Fluoride in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BelizeN/AN/AN/A0.50%
Cuba29.3N/AN/AN/A0%
GuatemalaN/A99.7N/AN/A0%
Others1.1N/AN/AN/A0%
Total30.499.7N/A0.5-74.6%

Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from Panama in 2022:

  1. Belize (424.0 kg)

Source: IndexBox Market Intelligence Platform

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