Panama: Market for Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites 2024

Market Size for Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites in Panama

The Panamanian hypochlorites, chlorites and hypobromites market dropped to $X in 2022, waning by -11% against the previous year. Over the period under review, consumption saw a perceptible downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites in Panama

In value terms, hypochlorites, chlorites and hypobromites production shrank to $X in 2022 estimated in export price. Overall, production saw a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when the production volume increased by 35% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Exports from Panama

In 2022, exports of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites from Panama contracted to X tons, approximately equating 2021 figures. In general, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when exports increased by 167%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, hypochlorites, chlorites and hypobromites exports soared to $X in 2022. Overall, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by 226%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Venezuela (X tons), Guatemala (X tons) and Costa Rica (X tons) were the main destinations of hypochlorites, chlorites and hypobromites exports from Panama, with a combined 100% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of -3.4%), while shipments for the other leaders experienced a decline.

In value terms, Venezuela ($X) remains the key foreign market for hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites exports from Panama, comprising 82% of total exports. The second position in the ranking was held by Guatemala ($X), with an 11% share of total exports. It was followed by Costa Rica, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Venezuela amounted to -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-13.7% per year) and Costa Rica (-10.7% per year).

Export Prices by Country

In 2022, the average hypochlorites, chlorites and hypobromites export price amounted to $X per ton, rising by 28% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 31%. The export price peaked at $X per ton in 2014; however, from 2015 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 Venezuela ($X per ton), while the average price for exports to Jamaica ($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 Venezuela (+1.5%), while the prices for the other major destinations experienced a decline.

Imports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Imports into Panama

After seven years of growth, purchases abroad of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites decreased by -7.6% to X tons in 2022. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2017 with an increase of 3,428% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, hypochlorites, chlorites and hypobromites imports rose significantly to $X in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 3,346%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Costa Rica (X tons) constituted the largest hypochlorites, chlorites and hypobromites supplier to Panama, accounting for a 67% share of total imports. Moreover, hypochlorites, chlorites and hypobromites imports from Costa Rica exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 4.1% share.

From 2015 to 2022, the average annual growth rate of volume from Costa Rica totaled +166.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+125.4% per year) and the United States (+68.9% per year).

In value terms, China ($X) constituted the largest supplier of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites to Panama, comprising 55% of total imports. The second position in the ranking was held by Costa Rica ($X), with a 22% share of total imports. It was followed by the United States, with a 13% share.

From 2015 to 2022, the average annual rate of growth in terms of value from China amounted to +135.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+144.0% per year) and the United States (+67.9% per year).

Import Prices by Country

In 2022, the average hypochlorites, chlorites and hypobromites import price amounted to $X per ton, jumping by 24% against the previous year. In general, the import price, however, recorded a abrupt curtailment. The import price peaked at $X per ton in 2015; however, from 2016 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 Free Zones ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform