Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Panama - 2023

Contents:

1. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Panama (CIF) - 2022
2. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Panama (FOB) - 2022
3. Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Panama
4. Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Panama

Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Panama (CIF) - 2022

The average import price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $7,644 per ton in 2022, growing by 48% against the previous year. Over the period under review, the import price saw a resilient expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 203%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Free Zones ($12,843 per ton), while the price for Colombia ($6,305 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Panama (FOB) - 2022

In 2022, the average export price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $3,086 per ton, almost unchanged from the previous year. Overall, the export price saw a measured increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 75% against the previous year. As a result, the export price reached the peak level of $3,496 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to -3.5% per year.

Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Panama

In 2022, approx. 357 kg of terpenic oils; gum, wood or sulphate turpentine oilses were imported into Panama; rising by 6.2% against the year before. Over the period under review, imports, however, continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 115%.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses soared to $2.7K in 2022. In general, imports, however, faced a dramatic descent. The pace of growth was the most pronounced in 2021 when imports increased by 177% against the previous year.

Top Suppliers of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils to Panama in 2022:

1. Colombia (197.0 kg)
2. France (90.0 kg)
3. Free Zones (70.0 kg)

Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Panama

In 2022, shipments abroad of terpenic oils; gum, wood or sulphate turpentine oilses decreased by 0% to 70 kg, falling for the second consecutive year after two years of growth. In general, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 3.7% against the previous year. As a result, the exports reached the peak of 140 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses stood at $216 in 2022. Overall, exports recorded a significant contraction. The smallest decline of -8.7% was in 2020.

Top Export Markets for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils from Panama in 2022:

1. Guatemala (70.0 kg)

Source: IndexBox Market Intelligence Platform