Panama - Silicones (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSilicone Price in Panama - 2023
Contents:
- Silicone Price in Panama (CIF) - 2022
- Silicone Price in Panama (FOB) - 2022
- Silicone Imports in Panama
- Silicone Exports in Panama
Silicone Price in Panama (CIF) - 2022
In 2022, the average silicone import price amounted to $7,064 per ton, surging by 40% against the previous year. In general, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 46%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($17,059 per ton), while the price for Spain ($3,905 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 (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Silicone Price in Panama (FOB) - 2022
Panama has no trade partners to describe.
Silicone Imports in Panama
In 2022, imports of silicones (in primary forms) into Panama amounted to 115 tons, surging by 12% compared with the previous year. In general, imports, however, continue to indicate a significant decline. The pace of growth appeared the most rapid in 2021 with an increase of 144%.
In value terms, silicone imports skyrocketed to $814K in 2022. Over the period under review, imports, however, continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2021 with an increase of 115% against the previous year.
| Import of Silicone in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 872 | 9.3 | 67.3 | 247 | -34.3% |
| Free Zones | 124 | 56.6 | 66.4 | 155 | 7.7% |
| Netherlands | 36.6 | 12.8 | 65.5 | 138 | 55.6% |
| United States | 45.8 | 75.8 | 87.2 | 60.2 | 9.5% |
| Spain | 32.8 | 18.5 | 36.7 | 58.5 | 21.3% |
| Belgium | N/A | N/A | 13.2 | 51.2 | 287.9% |
| Germany | 43.5 | 13.4 | 1.3 | 37.2 | -5.1% |
| Brazil | 24.0 | 15.3 | 64.7 | 27.5 | 4.6% |
| Hong Kong SAR | 93.3 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 1,204 | N/A | N/A | N/A | 0% |
| Others | 100 | 40.3 | 118 | 39.5 | -26.6% |
| Total | 2,577 | 242 | 521 | 814 | -31.9% |
Top Suppliers of Silicone to Panama in 2022:
- China (35.6 tons)
- Free Zones (18.3 tons)
- Netherlands (18.2 tons)
- Spain (15.0 tons)
- United States (11.7 tons)
- Germany (4.1 tons)
- Brazil (3.4 tons)
- Belgium (3.0 tons)
Silicone Exports in Panama
For the third year in a row, Panama recorded decline in shipments abroad of silicones (in primary forms), which decreased by 0% to 4.3 tons in 2022. In general, exports saw a sharp shrinkage. The smallest decline of -97.5% was in 2020.
In value terms, silicone exports amounted to $25K in 2022. Over the period under review, exports recorded a significant decline. The smallest decline of -97.8% was in 2020.
| Export of Silicone in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 176 | N/A | N/A | N/A | 0% |
| Dominican Republic | 419 | N/A | N/A | N/A | 0% |
| Chile | 224 | N/A | N/A | N/A | 0% |
| Costa Rica | 146 | N/A | N/A | N/A | 0% |
| Nicaragua | 177 | N/A | N/A | N/A | 0% |
| Colombia | 732 | N/A | N/A | N/A | 0% |
| Honduras | 76.2 | N/A | N/A | N/A | 0% |
| Others | 368 | 50.0 | N/A | 25.0 | -59.2% |
| Total | 2,317 | 50.0 | N/A | 25.0 | -77.9% |
Top Export Markets for Silicone from Panama in 2022:
This report provides an in-depth analysis of the silicone market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20165700 - Silicones, in primary forms
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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