Panama: Ether Market 2024

Ether Market Size in Panama

The Panamanian ether market dropped to $X in 2022, reducing by -6% against the previous year. Over the period under review, consumption continues to indicate a perceptible slump. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Ether Production in Panama

In value terms, ether production declined to $X in 2022 estimated in export price. In general, production recorded a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 26% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Ether Exports

Exports from Panama

In 2022, the amount of ethers exported from Panama declined markedly to X tons, shrinking by -50.7% compared with the year before. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 4,067%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, ether exports contracted markedly to $X in 2022. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 4,171% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for ether exports from Panama, accounting for a 50% share of total exports. Moreover, ether exports to Peru exceeded the volume sent to the second major destination, Guatemala (X tons), threefold. Brazil (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Peru totaled +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-5.9% per year) and Brazil (+27.8% per year).

In value terms, Brazil ($X) remains the key foreign market for ethers exports from Panama, comprising 31% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 12% share of total exports. It was followed by Peru, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil stood at +66.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-16.8% per year) and Peru (-1.4% per year).

Export Prices by Country

The average ether export price stood at $X per ton in 2022, surging by 3.9% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 45%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Peru ($X 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 Brazil (+30.0%), while the prices for the other major destinations experienced a decline.

Ether Imports

Imports into Panama

In 2022, the amount of ethers imported into Panama skyrocketed to X tons, jumping by 274% on 2021. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 395%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, ether imports soared to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 291% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest ether supplier to Panama, with a 61% share of total imports. Moreover, ether imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. China (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +39.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+37.0% per year) and China (+55.6% per year).

In value terms, the United States ($X) constituted the largest supplier of ethers to Panama, comprising 50% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 17% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+26.3% per year) and China (+43.7% per year).

Import Prices by Country

In 2022, the average ether import price amounted to $X per ton, reducing by -52.8% against the previous year. In general, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2020 an increase of 47% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform