Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Panama - 2023

Contents:

  1. Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Panama (FOB) - 2022
  2. Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Panama (CIF) - 2022
  3. Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Panama
  4. Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Panama

Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Panama (FOB) - 2022

In 2022, the average export price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $1,981 per ton, surging by 6.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 58% against the previous year. As a result, the export price reached the peak level of $3,118 per ton. From 2017 to 2022, the average export prices remained at a 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 Colombia ($4,969 per ton), while the average price for exports to Guatemala ($1,725 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 Colombia (+17.4%), while the prices for the other major destinations experienced a decline.

Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Panama (CIF) - 2022

The average import price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses stood at $3,062 per ton in 2022, rising by 22% against the previous year. Overall, the import price saw a pronounced expansion. The most prominent rate of growth was recorded in 2019 an increase of 63%. Over the period under review, average import prices attained the maximum at $4,264 per ton in 2020; however, from 2021 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 Free Zones ($4,029 per ton), while the price for India totaled $1,320 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Panama

In 2022, the amount of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses exported from Panama surged to 175 tons, jumping by 26% on the year before. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 10,630%. As a result, the exports reached the peak of 292 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses soared to $347K in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 6,414%. As a result, the exports reached the peak of $383K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Guatemala4.1361179272304.8%
ColombiaN/A12.250.064.4129.8%
Trinidad and TobagoN/A5.46.27.517.9%
Others1.75.124.83.830.8%
Total5.9383260347288.9%

Top Export Markets for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms from Panama in 2022:

  1. Guatemala (157.5 tons)
  2. Colombia (13.0 tons)
  3. Trinidad and Tobago (3.2 tons)

Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Panama

In 2022, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses into Panama dropped notably to 2.9 tons, with a decrease of -86.2% on 2021. In general, imports faced a dramatic descent. The most prominent rate of growth was recorded in 2021 when imports increased by 71%. As a result, imports reached the peak of 21 tons, and then reduced remarkably in the following year.

In value terms, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses dropped notably to $9K in 2022. Over the period under review, imports recorded a significant decline. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year.

Import of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Free ZonesN/AN/AN/A7.60%
IndiaN/AN/A0.41.4250.0%
Colombia6.97.38.1N/A8.3%
China17.819.622.3N/A11.9%
United States16.621.513.7N/A-9.2%
Costa Rica0.74.58.5N/A248.5%
Others0.3N/A0.1N/A-42.3%
Total42.252.953.39.0-40.3%

Top Suppliers of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms to Panama in 2022:

  1. Free Zones (1.9 tons)
  2. India (1.0 tons)

Source: IndexBox Market Intelligence Platform

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