Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Panama - 2023
Contents:
- Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Panama (CIF) - 2023
- Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Panama (FOB) - 2022
- Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Panama
- Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Panama
Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Panama (CIF) - 2023
The average import price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s stood at $2,120 per ton in September 2023, increasing by 118% against the previous month. Over the period under review, the import price, however, showed a mild setback. The pace of growth was the most pronounced in May 2023 an increase of 200% month-to-month. Over the period under review, average import prices reached the peak figure at $3,673 per ton in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From September 2022 to September 2023, the rate of growth in terms of prices for Italy amounted to +12.4% per month.
Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Panama (FOB) - 2022
The average export price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s stood at $5,714 per ton in 2022, with an increase of 49% against the previous year. Over the period under review, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 105% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($7,437 per ton), while the average price for exports to Costa Rica ($785 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 Venezuela (+13.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Panama
For the fourth year in a row, Panama recorded growth in purchases abroad of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s, which increased by 93% to 716 tons in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s surged to $1.2M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 13.8 | 8.3 | 276 | 386.3% |
| United States | 33.6 | 24.9 | 32.6 | 250 | 95.2% |
| Dominican Republic | N/A | N/A | N/A | 206 | 0% |
| Finland | N/A | N/A | 68.5 | 135 | 97.1% |
| France | 68.6 | 79.2 | 62.0 | 119 | 20.2% |
| Germany | 341 | 432 | 436 | 83.0 | -37.6% |
| Guatemala | N/A | N/A | N/A | 31.8 | 0% |
| Canada | 38.9 | 17.8 | 15.9 | 18.9 | -21.4% |
| Others | 41.3 | 54.6 | 35.8 | 77.9 | 23.6% |
| Total | 526 | 623 | 659 | 1,198 | 31.6% |
Top Suppliers of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) to Panama in 2022:
- Dominican Republic (184.0 tons)
- United States (167.9 tons)
- China (150.3 tons)
- Finland (93.1 tons)
- Germany (40.0 tons)
- France (35.8 tons)
- Guatemala (13.3 tons)
- Canada (5.5 tons)
Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Panama
In 2022, after three years of growth, there was significant decline in overseas shipments of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s, when their volume decreased by -56.7% to 4 tons. In general, exports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2020 with an increase of 98%.
In value terms, exports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s fell notably to $23K in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 176% against the previous year. As a result, the exports attained the peak of $36K, and then fell dramatically in the following year.
| Export of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 5.5 | 9.3 | 30.2 | 20.7 | 55.5% |
| Ecuador | 0.6 | 1.4 | 4.4 | 1.6 | 38.7% |
| Costa Rica | 0.1 | 0.2 | 0.7 | 0.4 | 58.7% |
| Guatemala | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
| Honduras | N/A | 0.3 | N/A | N/A | 0% |
| Others | 0.2 | 1.5 | 0.1 | 0.1 | -20.6% |
| Total | 6.6 | 12.9 | 35.6 | 23.0 | 51.6% |
Top Export Markets for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) from Panama in 2022:
- Venezuela (2788.0 kg)
- Ecuador (586.0 kg)
- Costa Rica (484.0 kg)
- Guatemala (152.0 kg)
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This report provides an in-depth analysis of the market for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) in Panama.
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In value terms, phosphinates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuat...
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In value terms, phosphinates exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
824
In value terms, phosphinates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuat...
1256
In value terms, phosphinates exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
