Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Panama - 2023

Contents:

  1. Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Panama (CIF) - 2022
  2. Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Panama (FOB) - 2022
  3. Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Panama
  4. Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Panama

Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Panama (CIF) - 2022

In 2022, the average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $643 per ton, jumping by 17% against the previous year. Overall, the import price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2019 an increase of 24%. Over the period under review, average import prices attained the maximum at $949 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($916 per ton), while the price for Chile ($354 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Panama (FOB) - 2022

The average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $5,627 per ton in 2022, which is down by -7.4% against the previous year. Overall, the export price, however, recorded significant growth. The pace of growth was the most pronounced in 2017 an increase of 115%. Over the period under review, the average export prices reached the peak figure at $7,426 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($25,823 per ton), while the average price for exports to Venezuela ($4,021 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 (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Panama

In 2022, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia into Panama fell sharply to 744 tons, dropping by -39.7% against 2021 figures. Overall, imports recorded a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 70%. As a result, imports reached the peak of 1.2K tons, and then fell markedly in the following year.

In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia declined significantly to $478K in 2022. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. As a result, imports attained the peak of $680K, and then shrank rapidly in the following year.

Import of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States398222472345-4.7%
Chile11443.759.3111-0.9%
Belgium4.14.87.719.568.2%
Barbados43.033.235.5N/A-9.1%
Canada35.723.721.8N/A-21.9%
Others47.937.383.62.9-60.7%
Total643364680478-9.4%

Top Suppliers of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium to Panama in 2022:

  1. United States (376.4 tons)
  2. Chile (313.0 tons)
  3. Belgium (54.1 tons)

Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Panama

In 2022, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia from Panama skyrocketed to 8.9 tons, with an increase of 68,392% on the year before. Overall, exports, however, saw a precipitous setback.

In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia surged to $50K in 2022. Over the period under review, exports, however, continue to indicate a precipitous setback.

Export of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Panama (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
Costa Rica2.3N/A19.1188.2%
Guatemala1.0N/A16.4305.0%
Venezuela1.7N/A14.6193.1%
Nicaragua23.8N/AN/A0%
Suriname50.2N/AN/A0%
Colombia21.1N/AN/A0%
OthersN/AN/AN/A0%
Total1000.150.1-29.2%

Top Export Markets for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium from Panama in 2022:

  1. Costa Rica (4.6 tons)
  2. Venezuela (3.6 tons)
  3. Guatemala (0.6 tons)

Source: IndexBox Market Intelligence Platform

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