Price for Double or Complex Silicates in Panama - 2023
Contents:
- Price for Double or Complex Silicates in Panama (CIF) - 2022
- Price for Double or Complex Silicates in Panama (FOB) - 2022
- Imports of Double or Complex Silicates in Panama
- Exports of Double or Complex Silicates in Panama
Price for Double or Complex Silicates in Panama (CIF) - 2022
The average double or complex silicates import price stood at $7,467 per ton in 2022, picking up by 168% against the previous year. In general, the import price saw significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($16,221 per ton), while the price for the Dominican Republic ($3,053 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Double or Complex Silicates in Panama (FOB) - 2022
The average double or complex silicates export price stood at $1,276 per ton in 2022, with an increase of 21% against the previous year. Over the period under review, the export price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 122%. As a result, the export price reached the peak level of $4,174 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($9,717 per ton), while the average price for exports to Guatemala ($615 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 Venezuela (+11.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Double or Complex Silicates in Panama
In 2022, overseas purchases of double or complex silicates decreased by -41.5% to 4.6 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 307% against the previous year. As a result, imports attained the peak of 12 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, double or complex silicates imports skyrocketed to $34K in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 296% against the previous year. As a result, imports attained the peak of $53K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Double or Complex Silicates in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 0.1 | 12.0 | 0.7 | 18.0 | 464.6% |
| Germany | 0.8 | 4.2 | 3.1 | 9.3 | 126.5% |
| United States | 0.4 | 6.7 | 3.2 | 6.1 | 148.0% |
| Dominican Republic | N/A | 0.4 | N/A | 0.8 | 41.4% |
| China | 5.4 | 15.7 | 11.4 | N/A | 45.3% |
| Colombia | 4.7 | 8.3 | 2.2 | N/A | -31.6% |
| Others | 2.0 | 5.5 | 1.3 | N/A | -19.4% |
| Total | 13.3 | 52.8 | 21.8 | 34.1 | 36.9% |
Top Suppliers of Double or Complex Silicates to Panama in 2022:
- Mexico (2.2 tons)
- United States (1.5 tons)
- Germany (0.6 tons)
- Dominican Republic (0.2 tons)
Exports of Double or Complex Silicates in Panama
Double or complex silicates exports from Panama amounted to 3.8 tons in 2022, approximately reflecting 2021. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.7% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 100% against the previous year. As a result, the exports attained the peak of 4 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, double or complex silicates exports surged to $4.9K in 2022. In general, exports, however, continue to indicate a abrupt descent.
| Export of Double or Complex Silicates in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 1.6 | 3.0 | 1.8 | 2.1 | 9.5% |
| Jamaica | 1.9 | 2.2 | 1.5 | 2.0 | 1.7% |
| Venezuela | 0.8 | 1.0 | 0.6 | 0.7 | -4.4% |
| Others | 4.1 | N/A | N/A | N/A | 0% |
| Total | 8.5 | 6.2 | 4.0 | 4.9 | -16.8% |
Top Export Markets for Double or Complex Silicates from Panama in 2022:
- Guatemala (3.5 tons)
- Jamaica (0.2 tons)
- Venezuela (0.1 tons)
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