Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Panama - 2023

Contents:

  1. Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Panama (CIF) - 2022
  2. Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Panama (FOB) - 2022
  3. Imports of Vitamins; Vitamin E and Its Derivatives, Unmixed in Panama
  4. Exports of Vitamins; Vitamin E and Its Derivatives, Unmixed in Panama

Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Panama (CIF) - 2022

The average import price for vitamins; vitamin e and its derivatives, unmixeds stood at $12,793 per ton in 2022, falling by -34% against the previous year. In general, the import price saw a slight reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 76%. Over the period under review, average import prices hit record highs at $22,552 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($20,197 per ton), while the price for China amounted to $12,492 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+33.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Vitamins; Vitamin E and Its Derivatives, Unmixed in Panama (FOB) - 2022

In 2022, the average export price for vitamins; vitamin e and its derivatives, unmixeds amounted to $10,326 per ton, waning by -10.8% against the previous year. In general, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 43%. Over the period under review, the average export prices hit record highs at $18,517 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($22,468 per ton), while the average price for exports to Costa Rica ($6,167 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 (+14.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vitamins; Vitamin E and Its Derivatives, Unmixed in Panama

In 2022, approx. 12 tons of vitamins; vitamin e and its derivatives, unmixeds were imported into Panama; rising by 17% compared with the previous year's figure. The total import volume increased at an average annual rate of +11.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vitamins; vitamin e and its derivatives, unmixeds dropped dramatically to $160K in 2022. In general, imports, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2020 with an increase of 16% against the previous year. As a result, imports attained the peak of $213K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Vitamins; Vitamin E and Its Derivatives, Unmixed in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China70.937.350.815128.7%
United States4.535.34.36.211.3%
Belgium6.74.38.3N/A11.3%
GuatemalaN/A8.3N/AN/A0%
France25.946.238.4N/A21.8%
Italy41.057.271.2N/A31.8%
Netherlands28.217.422.9N/A-9.9%
Others6.67.311.12.1-31.7%
Total184213207160-4.6%

Top Suppliers of Vitamins; Vitamin E and Its Derivatives, Unmixed to Panama in 2022:

  1. China (12.1 tons)
  2. United States (0.3 tons)

Exports of Vitamins; Vitamin E and Its Derivatives, Unmixed in Panama

In 2022, overseas shipments of vitamins; vitamin e and its derivatives, unmixeds decreased by -40.3% to 9.7 tons, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 39%. As a result, the exports reached the peak of 23 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of vitamins; vitamin e and its derivatives, unmixeds declined markedly to $100K in 2022. Overall, exports showed a significant decline. The smallest decline of -7.5% was in 2020.

Export of Vitamins; Vitamin E and Its Derivatives, Unmixed in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Guatemala11216613571.9-13.7%
Colombia17110349.126.2-46.5%
Others14.76.54.42.0-48.6%
Total298276188100-30.5%

Top Export Markets for Vitamins; Vitamin E and Its Derivatives, Unmixed from Panama in 2022:

  1. Guatemala (8.4 tons)
  2. Colombia (1.2 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Vitamins; vitamin E and its derivatives, unmixed - Panama