Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Panama - 2023
Contents:
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Panama (CIF) - 2022
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Panama (FOB) - 2022
- Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Panama
- Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Panama
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Panama (CIF) - 2022
The average import price for alcohols; aromatic and derivatives, other than benzyl alcohol stood at $26,510 per ton in 2022, shrinking by -29.4% against the previous year. Overall, the import price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 380% against the previous year. Over the period under review, average import prices attained the maximum at $105,053 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($348,353 per ton), while the price for the United States ($12,970 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+931.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Panama (FOB) - 2022
The average export price for alcohols; aromatic and derivatives, other than benzyl alcohol stood at $7,848 per ton in 2022, with an increase of 22% against the previous year. In general, the export price posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 an increase of 61%. Over the period under review, the average export prices reached the peak figure at $13,120 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Ecuador.
From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to +6.2% per year.
Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Panama
Imports of alcohols; aromatic and derivatives, other than benzyl alcohol into Panama soared to 1.8 tons in 2022, jumping by 30% against the year before. In general, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 156% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol shrank to $49K in 2022. Overall, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 18%.
| Import of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.2 | 4.6 | 14.7 | 21.0 | 112.1% |
| China | 52.2 | 29.2 | 25.6 | 15.0 | -34.0% |
| South Korea | N/A | N/A | N/A | 11.8 | 0% |
| Free Zones | N/A | N/A | N/A | 0.7 | 0% |
| India | 10.8 | 11.1 | 12.9 | N/A | 9.3% |
| Mexico | 0.9 | N/A | N/A | N/A | 0% |
| Others | 2.3 | N/A | N/A | 0.1 | -64.8% |
| Total | 68.5 | 44.9 | 53.2 | 48.7 | -10.7% |
Top Suppliers of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol to Panama in 2022:
- United States (1620.0 kg)
- China (131.0 kg)
- Free Zones (51.0 kg)
- South Korea (34.0 kg)
Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Panama
After two years of decline, shipments abroad of alcohols; aromatic and derivatives, other than benzyl alcohol increased by 1.8% to 730 kg in 2022. Overall, exports, however, continue to indicate a mild slump.
In value terms, exports of alcohols; aromatic and derivatives, other than benzyl alcohol surged to $5.7K in 2022. In general, exports, however, faced a deep setback.
| Export of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 8.3 | 6.8 | 4.6 | 5.7 | -11.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.4 | 6.9 | 4.6 | 5.7 | -12.1% |
Top Export Markets for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol from Panama in 2022:
- Ecuador (725.0 kg)
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