Nitrites; Nitrates Price in Panama - 2023
Contents:
- Nitrites; Nitrates Price in Panama (CIF) - 2022
- Nitrites; Nitrates Price in Panama (FOB) - 2022
- Nitrites; Nitrates Imports in Panama
- Nitrites; Nitrates Exports in Panama
Nitrites; Nitrates Price in Panama (CIF) - 2022
The average nitrites; nitrates import price stood at $4,126 per ton in 2022, increasing by 153% against the previous year. In general, the import price enjoyed a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 India ($26,369 per ton), while the price for Israel ($1,238 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Panama (FOB) - 2022
The average nitrites; nitrates export price stood at $1,168 per ton in 2022, picking up by 21% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2020 when the average export price increased by 177% against the previous year. The export price peaked at $6,569 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($10,876 per ton), while the average price for exports to Guatemala ($716 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 Ecuador (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.
Nitrites; Nitrates Imports in Panama
In 2022, after three years of growth, there was significant decline in supplies from abroad of nitrites; nitrateses, when their volume decreased by -77.6% to 59 tons. In general, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 53% against the previous year.
In value terms, nitrites; nitrates imports declined sharply to $243K in 2022. Over the period under review, imports, however, continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2020 when imports increased by 47% against the previous year.
| Import of Nitrites; Nitrates in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 27.2 | 91.1 | 214 | 58.2 | 28.9% |
| Spain | 31.2 | 17.1 | 19.8 | 52.8 | 19.2% |
| India | 2.3 | 1.4 | 4.4 | 48.1 | 175.5% |
| Germany | 3.8 | 0.4 | 0.1 | 46.8 | 130.9% |
| Italy | N/A | N/A | N/A | 18.6 | 0% |
| Israel | 25.7 | 87.3 | 44.8 | 9.1 | -29.3% |
| Netherlands | 13.5 | 20.8 | 19.0 | 6.5 | -21.6% |
| Chile | 45.7 | 14.5 | 50.8 | N/A | 5.4% |
| China | 1.7 | 59.9 | 31.8 | N/A | 332.5% |
| Costa Rica | 44.6 | 2.7 | 12.2 | N/A | -47.7% |
| Others | 21.6 | 25.5 | 32.4 | 3.0 | -48.2% |
| Total | 217 | 321 | 429 | 243 | 3.8% |
Top Suppliers of Nitrites; Nitrates to Panama in 2022:
- Spain (16.1 tons)
- Italy (13.1 tons)
- United States (12.6 tons)
- Israel (7.3 tons)
- Germany (4.4 tons)
- Netherlands (3.0 tons)
- India (1.8 tons)
Nitrites; Nitrates Exports in Panama
In 2022, shipments abroad of nitrites; nitrateses decreased by -35.8% to 33 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 454% against the previous year.
In value terms, nitrites; nitrates exports shrank significantly to $39K in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,433%.
| Export of Nitrites; Nitrates in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.6 | 7.3 | 22.4 | 30.6 | 167.4% |
| Dominican Republic | 0.1 | 5.8 | 4.3 | 5.9 | 289.3% |
| Ecuador | 0.1 | 2.3 | 1.2 | 1.8 | 162.1% |
| Guatemala | N/A | 0.8 | 0.3 | 0.4 | -29.3% |
| Guyana | N/A | N/A | 11.6 | N/A | 0% |
| Suriname | N/A | 10.6 | N/A | N/A | 0% |
| United States | N/A | N/A | 9.3 | N/A | 0% |
| Others | N/A | 0.8 | 0.7 | N/A | -12.5% |
| Total | 1.8 | 27.6 | 49.9 | 38.8 | 178.3% |
Top Export Markets for Nitrites; Nitrates from Panama in 2022:
- Spain (31.0 tons)
- Ecuador (1.1 tons)
- Guatemala (0.5 tons)
- Dominican Republic (0.5 tons)
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In value terms, nitrites and nitrates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable...
1368
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669
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