Silicates; Sodium Metasilicates Price in Panama - 2023

Silicates; Sodium Metasilicates Price in Panama (CIF) - 2022

The average silicates; sodium metasilicates import price stood at $823 per ton in 2022, growing by 40% against the previous year. Over the period under review, the import price saw perceptible growth. The most prominent rate of growth was recorded in 2014 an increase of 55% against the previous year. Over the period under review, average import prices hit record highs at $1,270 per ton in 2016; however, from 2017 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 Netherlands ($1,124 per ton), while the price for China ($611 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Silicates; Sodium Metasilicates Price in Panama (FOB) - 2022

In 2022, the average silicates; sodium metasilicates export price amounted to $6,000 per ton, reducing by -40% against the previous year. Overall, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 54% against the previous year. As a result, the export price attained the peak level of $10,000 per ton, and then fell significantly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Nicaragua amounted to +8.8% per year.

Silicates; Sodium Metasilicates Imports in Panama

In 2022, approx. 137 tons of silicates; sodium metasilicateses were imported into Panama; picking up by 55% on 2021 figures. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicates; sodium metasilicates imports skyrocketed to $112K in 2022. In general, 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 Silicates; Sodium Metasilicates in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	11.9	10.8	12.3	47.2	58.3%
China	22.9	9.1	13.5	33.0	13.0%
Belgium	18.0	16.0	17.0	30.0	18.6%
United States	4.4	4.1	4.4	N/A	0.0%
Others	5.3	4.3	4.5	2.3	-24.3%
Total	62.5	44.4	51.7	112	21.5%

Top Suppliers of Silicates; Sodium Metasilicates to Panama in 2022:

China (54.0 tons)
Netherlands (42.0 tons)
Belgium (40.0 tons)

Silicates; Sodium Metasilicates Exports in Panama

In 2022, shipments abroad of silicates; sodium metasilicateses was finally on the rise to reach 2 kg after two years of decline. Overall, exports, however, continue to indicate a abrupt shrinkage.

In value terms, silicates; sodium metasilicates exports soared to $12 in 2022. In general, exports, however, continue to indicate a abrupt decline.