Sulphates; of Magnesium Price in Panama - 2023
Contents:
Sulphates; of Magnesium Price in Panama (CIF) - 2022
The average sulphates; of magnesium import price stood at $378 per ton in 2022, surging by 36% against the previous year. Overall, the import price, however, saw a abrupt setback. The import price peaked at $1,538 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -2.4% per year.
Sulphates; of Magnesium Imports in Panama
In 2022, the amount of sulphates; of magnesia imported into Panama totaled 471 tons, with an increase of 3.3% against the previous year's figure. In general, imports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year.
In value terms, sulphates; of magnesium imports skyrocketed to $178K in 2022. Overall, imports, however, showed a pronounced slump. The growth pace was the most rapid in 2021 when imports increased by 43%.
| Import of Sulphates; of Magnesium in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 182 | 45.7 | 71.8 | 174 | -1.5% |
| Germany | 2.6 | 7.2 | 13.2 | N/A | 125.3% |
| Guatemala | 6.4 | 4.8 | 4.7 | N/A | -14.3% |
| Costa Rica | 1.8 | 21.4 | 22.0 | N/A | 249.6% |
| Others | 11.5 | 9.6 | 15.3 | 4.6 | -26.3% |
| Total | 205 | 88.7 | 127 | 178 | -4.6% |
Top Suppliers of Sulphates; of Magnesium to Panama in 2022:
- China (470.3 tons)
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