Panama: Market for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function 2024

Market Size for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Panama

The Panamanian market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function rose to $X in 2022, growing by 2.7% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.3% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Panama

In value terms, butanal butanal and acyclic aldehydes production expanded to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 35%. Butanal butanal and acyclic aldehydes production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Exports from Panama

After six years of decline, overseas shipments of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function increased by 8.2% to X kg in 2022. Over the period under review, exports, however, faced a sharp descent. The most prominent rate of growth was recorded in 2014 with an increase of 113%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, butanal butanal and acyclic aldehydes exports shrank to $X in 2022. Overall, exports, however, showed a dramatic curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 57% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Guatemala (X kg) was the main destination for butanal butanal and acyclic aldehydes exports from Panama, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala amounted to -22.1%.

In value terms, Guatemala ($X) also remains the key foreign market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function exports from Panama.

From 2012 to 2022, the average annual rate of growth in terms of value to Guatemala amounted to -23.8%.

Export Prices by Country

The average export price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function stood at $X per ton in 2022, shrinking by -10% against the previous year. In general, the export price showed a noticeable curtailment. The pace of growth was the most pronounced in 2018 an increase of 46%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 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 Guatemala.

From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to -2.1% per year.

Imports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Imports into Panama

In 2022, the amount of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function imported into Panama shrank sharply to X tons, reducing by -73.8% compared with 2021. In general, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 589%. As a result, imports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, butanal butanal and acyclic aldehydes imports fell dramatically to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 956%. As a result, imports reached the peak of $X, and then reduced markedly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest butanal butanal and acyclic aldehydes supplier to Panama, with a 54% share of total imports. Moreover, butanal butanal and acyclic aldehydes imports from the United States exceeded the figures recorded by the second-largest supplier, Colombia (X kg), twofold. The third position in this ranking was held by Free Zones (X kg), with a 10% share.

From 2014 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +40.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+93.4% per year) and Free Zones (-49.0% per year).

In value terms, the United States ($X) constituted the largest supplier of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function to Panama, comprising 55% of total imports. The second position in the ranking was taken by Mexico ($X), with a 16% share of total imports. It was followed by Colombia, with a 15% share.

From 2014 to 2022, the average annual rate of growth in terms of value from the United States stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+12.7% per year) and Colombia (+48.7% per year).

Import Prices by Country

In 2022, the average import price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function amounted to $X per ton, falling by -48.8% against the previous year. Overall, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of 53% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Mexico ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform