Panama: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in Panama

The Panamanian acid and mordant dye market fell notably to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a pronounced reduction. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Acid And Mordant Dyes And Preparations Based Thereon in Panama

In value terms, acid and mordant dye production reduced to $X in 2022 estimated in export price. Overall, production showed a perceptible decrease. The most prominent rate of growth was recorded in 2014 with an increase of X%. Acid and mordant dye production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Panama

In 2022, overseas shipments of acid and mordant dyes and preparations based thereon decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, acid and mordant dye exports stood at $X in 2022. Over the period under review, exports faced a abrupt decline. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Peru (X tons) was the main destination for acid and mordant dye exports from Panama, accounting for a X% share of total exports. Moreover, acid and mordant dye exports to Peru exceeded the volume sent to the second major destination, Colombia (X tons), sevenfold. The third position in this ranking was held by Free Zones (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Peru totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Free Zones (X% per year).

It was followed by Free Zones, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Free Zones (X% per year).

Export Prices by Country

The average acid and mordant dye export price stood at $X per ton in 2022, flattening at the previous year. Overall, the export price saw a mild downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to El Salvador ($X per ton) and Peru ($X per ton), while the average price for exports to Free Zones ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Panama

In 2022, approx. X tons of acid and mordant dyes and preparations based thereon were imported into Panama; declining by X% against the year before. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, acid and mordant dye imports contracted modestly to $X in 2022. In general, imports faced a deep slump. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Israel (X tons), the United States (X tons) and Mexico (X kg) were the main suppliers of acid and mordant dye imports to Panama, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest acid and mordant dye suppliers to Panama were the United States ($X), Israel ($X) and Mexico ($X), together accounting for X% of total imports.

Among the main suppliers, Israel, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average acid and mordant dye import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, showed a drastic downturn. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 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 Mexico ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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