Panama: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Panama

The Panamanian ketone and quinone market fell to $X in 2022, declining by X% against the previous year. Overall, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Ketone And Quinone Production in Panama

In value terms, ketone and quinone production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Ketone And Quinone Exports

Exports from Panama

In 2022, the amount of ketones and quinones exported from Panama was estimated at X tons, stabilizing at 2021. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, ketone and quinone exports stood at $X in 2022. Over the period under review, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for ketone and quinone exports from Panama, with a X% share of total exports. Moreover, ketone and quinone exports to the United States exceeded the volume sent to the second major destination, Colombia (X kg), sevenfold. The third position in this ranking was held by Venezuela (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Venezuela (X% per year).

It was followed by Venezuela, with an X% share.

From 2012 to 2022, the average annual growth rate of value to El Salvador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Venezuela (X% per year).

Export Prices by Country

In 2022, the average ketone and quinone export price amounted to $X per ton, standing approx. at the previous year. In general, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to the United States ($X 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 Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Panama

In 2022, overseas purchases of ketones and quinones decreased by X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports, however, showed strong growth. 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 tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, ketone and quinone imports dropped significantly to $X in 2022. Overall, imports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Russia (X tons), China (X tons) and the United States (X tons) were the main suppliers of ketone and quinone imports to Panama, with a combined X% share of total imports. India, South Africa and Free Zones lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), China ($X) and the United States ($X) appeared to be the largest ketone and quinone suppliers to Panama, together comprising X% of total imports. Free Zones, India and South Africa lagged somewhat behind, together accounting for a further X%.

Free Zones, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ketone and quinone import price stood at $X per ton in 2022, remaining stable against the previous year. Overall, the import price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Free Zones ($X per ton), while the price for Russia ($X 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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