Panama: Organo-Sulphur Compound Market 2024

Organo-Sulphur Compound Market Size in Panama

In 2022, the Panamanian organo-sulphur compound market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Organo-Sulphur Compound Production in Panama

In value terms, organo-sulphur compound production shrank to $X in 2022 estimated in export price. Overall, production, however, saw a mild downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Organo-Sulphur Compound Exports

Exports from Panama

In 2022, shipments abroad of organo-sulphur compounds increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports recorded a remarkable increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, organo-sulphur compound exports rose modestly to $X in 2022. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Venezuela (X tons) was the main destination for organo-sulphur compound exports from Panama, accounting for a X% share of total exports. Moreover, organo-sulphur compound exports to Venezuela exceeded the volume sent to the second major destination, the United States (X tons), threefold. Costa Rica (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Venezuela stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Costa Rica (X% per year).

In value terms, the United States ($X) remains the key foreign market for organo-sulphur compounds exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Venezuela ($X), with a X% share of total exports. It was followed by Guatemala, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and Guatemala (X% per year).

Export Prices by Country

In 2022, the average organo-sulphur compound export price amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, continues to indicate a pronounced increase. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Venezuela ($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 Guatemala (X%), while the prices for the other major destinations experienced mixed trend patterns.

Organo-Sulphur Compound Imports

Imports into Panama

After six years of growth, purchases abroad of organo-sulphur compounds decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, organo-sulphur compound imports contracted markedly to $X in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

The United States (X tons), China (X tons) and Japan (X tons) were the main suppliers of organo-sulphur compound imports to Panama, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Japan ($X) constituted the largest organo-sulphur compound suppliers to Panama, with a combined X% share of total imports.

Among the main suppliers, Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average organo-sulphur compound import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform