Price for Carbides, Whether or Not Chemically Defined in Panama - 2023

Contents:

  1. Price for Carbides, Whether or Not Chemically Defined in Panama (CIF) - 2022
  2. Price for Carbides, Whether or Not Chemically Defined in Panama (FOB) - 2022
  3. Imports of Carbides, Whether or Not Chemically Defined in Panama
  4. Exports of Carbides, Whether or Not Chemically Defined in Panama

Price for Carbides, Whether or Not Chemically Defined in Panama (CIF) - 2022

The average import price for carbides, whether or not chemically defineds stood at $1,345 per ton in 2022, jumping by 36% against the previous year. In general, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 367% against the previous year. The import price peaked at $17,887 per ton in 2014; however, from 2015 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 ($4,006 per ton), while the price for Mexico stood at $1,298 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.0%), while the prices for the other major suppliers experienced a decline.

Price for Carbides, Whether or Not Chemically Defined in Panama (FOB) - 2022

The average export price for carbides, whether or not chemically defineds stood at $3,263 per ton in 2022, surging by 10% against the previous year. Overall, the export price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 62% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($9,236 per ton), while the average price for exports to Costa Rica ($2,848 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 the United States (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Carbides, Whether or Not Chemically Defined in Panama

In 2022, imports of carbides, whether or not chemically defineds into Panama reduced to 213 tons, which is down by -11.6% on the previous year. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 82% against the previous year.

In value terms, imports of carbides, whether or not chemically defineds skyrocketed to $287K in 2022. In general, imports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 95% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Import of Carbides, Whether or Not Chemically Defined in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico82.713.773.827248.7%
United States0.31.52.114.7265.9%
Argentina50.024.528.6N/A-24.4%
Slovakia24.022.742.1N/A32.4%
Chile32.822.536.7N/A5.8%
Germany42.227.537.4N/A-5.9%
Guatemala10.47.311.7N/A6.1%
Others9.52.76.0N/A-20.5%
Total2521222392874.4%

Top Suppliers of Carbides, Whether or Not Chemically Defined to Panama in 2022:

  1. Mexico (209.5 tons)
  2. United States (3.7 tons)

Exports of Carbides, Whether or Not Chemically Defined in Panama

In 2022, approx. 2.2 tons of carbides, whether or not chemically defineds were exported from Panama; reducing by -14.7% on 2021. Over the period under review, exports saw a dramatic downturn.

In value terms, exports of carbides, whether or not chemically defineds declined to $7.3K in 2022. The total export value increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 13% against the previous year.

Export of Carbides, Whether or Not Chemically Defined in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Costa Rica4.15.46.65.812.3%
Peru1.31.20.71.0-8.4%
Venezuela0.30.30.40.410.1%
Others0.4N/AN/AN/A0%
Total6.26.97.77.35.6%

Top Export Markets for Carbides, Whether or Not Chemically Defined from Panama in 2022:

  1. Costa Rica (2043.0 kg)
  2. Peru (110.0 kg)
  3. Venezuela (75.0 kg)

Source: IndexBox Market Intelligence Platform

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