Panama: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Panama

The Panamanian oxides of boron market declined notably to $X in 2022, shrinking by X% against the previous year. In general, consumption continues to indicate a abrupt downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Oxides Of Boron Production in Panama

In value terms, oxides of boron production fell to $X in 2022 estimated in export price. Overall, production recorded a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X%. Oxides of boron production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Oxides Of Boron Exports

Exports from Panama

Oxides of boron exports from Panama surged to X tons in 2019, increasing by X% on 2018. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2019, the growth of the exports remained at a somewhat lower figure.

In value terms, oxides of boron exports soared to $X in 2019. In general, exports recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2019 and are likely to see steady growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for oxides of boron exports from Panama, accounting for a X% share of total exports. Moreover, oxides of boron exports to Belgium exceeded the volume sent to the second major destination, Cuba (X tons), fourfold. Venezuela (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2019, the average annual growth rate of volume to Belgium amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X% per year) and Venezuela (X% per year).

In value terms, Venezuela ($X) remains the key foreign market for oxides of boron, boric acids and inorganic acids exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Cuba ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2019, the average annual growth rate of value to Venezuela stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2019, the average oxides of boron export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price saw a buoyant expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2019, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (X%), while the prices for the other major destinations experienced a decline.

Oxides Of Boron Imports

Imports into Panama

In 2022, the amount of oxides of boron, boric acids and inorganic acids imported into Panama dropped rapidly to X tons, which is down by X% against 2021. Overall, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, oxides of boron imports fell notably to $X in 2022. In general, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Guatemala (X tons) were the main suppliers of oxides of boron imports to Panama, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oxides of boron suppliers to Panama were China ($X), India ($X) and the United States ($X), together accounting for X% of total imports.

India, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average oxides of boron import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price 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, oxides of boron import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 United States ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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