Salicylic Acid Price in Panama - 2022
Contents:
- Salicylic Acid Price in Panama (CIF) - 2022
- Salicylic Acid Price in Panama (FOB) - 2022
- Salicylic Acid Imports in Panama
- Salicylic Acid Exports in Panama
Salicylic Acid Price in Panama (CIF) - 2022
The average salicylic acid import price stood at $3,121 per ton in 2022, shrinking by -13% against the previous year. Overall, the import price showed a noticeable slump. The pace of growth was the most pronounced in 2014 when the average import price increased by 99%. As a result, import price reached the peak level of $8,661 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
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 ($35,333 per ton), while the price for China amounted to $2,265 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Salicylic Acid Price in Panama (FOB) - 2022
In 2022, the average salicylic acid export price amounted to $15,589 per ton, remaining constant against the previous year. Overall, the export price recorded resilient growth. The pace of growth was the most pronounced in 2014 an increase of 164%. Over the period under review, the average export prices hit record highs at $15,667 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
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 Venezuela ($25,533 per ton), while the average price for exports to Guatemala ($7,477 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 (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.
Salicylic Acid Imports in Panama
In 2022, approx. 116 kg of salicylic acid and its salts were imported into Panama; reducing by -94.2% against 2021. Over the period under review, imports faced a dramatic decrease. The pace of growth was the most pronounced in 2021 with an increase of 129% against the previous year. As a result, imports attained the peak of 2 tons, and then shrank markedly in the following year.
In value terms, salicylic acid imports declined significantly to $362 in 2022. In general, imports faced a significant decrease. The pace of growth was the most pronounced in 2021 when imports increased by 87% against the previous year. As a result, imports attained the peak of $7.2K, and then contracted sharply in the following year.
| Import of Salicylic Acid in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.3 | 0.5 | 2.0 | 0.3 | -38.7% |
| United States | 0.2 | 0.1 | N/A | 0.1 | -20.6% |
| Spain | 0.3 | 0.2 | 0.2 | N/A | -18.4% |
| South Korea | 1.2 | 0.9 | 1.4 | N/A | 8.0% |
| Germany | 3.0 | 2.2 | 3.5 | N/A | 8.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.9 | 3.8 | 7.2 | 0.4 | -59.2% |
Top Suppliers of Salicylic Acid to Panama in 2022:
- China (113.0 kg)
- United States (3.0 kg)
Salicylic Acid Exports in Panama
In 2022, shipments abroad of salicylic acid and its salts decreased by 0% to 190 kg, falling for the second year in a row after two years of growth. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 31%. As a result, the exports attained the peak of 378 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, salicylic acid exports totaled $3K in 2022. Over the period under review, exports faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. As a result, the exports reached the peak of $5.9K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Salicylic Acid in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 1.0 | 2.7 | N/A | 1.3 | 9.1% |
| Venezuela | 2.2 | 2.1 | N/A | 1.1 | -20.6% |
| Guatemala | 1.3 | 1.1 | N/A | 0.5 | -27.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.4 | 5.9 | N/A | 3.0 | -12.0% |
Top Export Markets for Salicylic Acid from Panama in 2022:
- Costa Rica (80.0 kg)
- Guatemala (65.0 kg)
- Venezuela (45.0 kg)
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