Panama: Borates And Perborates Market 2024

Borates And Perborates Market Size in Panama

The Panamanian borates and perborates market shrank significantly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a deep setback. Borates and perborates consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Borates And Perborates Production in Panama

In value terms, borates and perborates production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a precipitous decrease. The pace of growth was the most pronounced in 2016 with an increase of X%. Borates and perborates production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Borates And Perborates Exports

Exports from Panama

In 2022, overseas shipments of borates, peroxoborates (perborates) decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, exports saw a dramatic setback. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, borates and perborates exports reduced sharply to $X in 2022. Overall, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Costa Rica (X tons) was the main destination for borates and perborates exports from Panama, accounting for a X% share of total exports. Moreover, borates and perborates exports to Costa Rica exceeded the volume sent to the second major destination, Venezuela (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Costa Rica totaled X%.

In value terms, Venezuela ($X) remains the key foreign market for borates, peroxoborates (perborates) exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Venezuela stood at X%.

Export Prices by Country

In 2022, the average borates and perborates export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price enjoyed strong growth. The pace of growth appeared the most rapid 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 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Costa Rica amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (X%).

Borates And Perborates Imports

Imports into Panama

In 2022, overseas purchases of borates, peroxoborates (perborates) decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, borates and perborates imports reduced notably to $X in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of borates and perborates to Panama, accounting for a X% share of total imports. Moreover, borates and perborates imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), fivefold. The third position in this ranking was taken by Peru (X kg), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Peru (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of borates, peroxoborates (perborates) to Panama, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an X% share of total imports. It was followed by Peru, with an X% share.

From 2013 to 2022, the average annual growth rate of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Peru (X% per year).

Import Prices by Country

The average borates and perborates import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform