Panama: Market for Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine 2025

Market Size for Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine in Panama

The Panamanian market for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine was estimated at $X in 2022, with an increase of 9.1% against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 -1.5% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine in Panama

In value terms, production of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine rose notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 -9.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 61% against the previous year. Over the period under review, production of reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine

Exports from Panama

In 2022, shipments abroad of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine increased by 51% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 when exports increased by 172% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine soared to $X in 2022. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by 174%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Venezuela (X tons) was the main destination for exports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine from Panama, accounting for a 87% share of total exports. Moreover, exports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine to Venezuela exceeded the volume sent to the second major destination, Costa Rica (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Venezuela stood at +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+8.9% per year) and Guatemala (-6.3% per year).

In value terms, Venezuela ($X) remains the key foreign market for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine exports from Panama, comprising 69% of total exports. The second position in the ranking was held by Guatemala ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Venezuela amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+9.5% per year) and Costa Rica (+6.4% per year).

Export Prices by Country

The average export price for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine stood at $X per ton in 2022, reducing by -16.8% against the previous year. In general, the export price saw a pronounced reduction. The pace of growth was the most pronounced in 2020 an increase of 9.8% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Venezuela ($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 (+16.9%), while the prices for the other major destinations experienced a decline.

Imports of Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine

Imports into Panama

In 2022, purchases abroad of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine increased by 3.9% to X tons, rising for the eighth year in a row after two years of decline. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,556% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine soared to $X in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 866% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

The United States (X tons), Japan (X tons) and Spain (X tons) were the main suppliers of imports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine to Panama, with a combined 79% 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 +92.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine suppliers to Panama were the United States ($X), Japan ($X) and Spain ($X), together accounting for 76% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +80.5%, saw the highest growth rate of 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 import price for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine stood at $X per ton in 2022, with an increase of 29% against the previous year. In general, the import price, however, showed a noticeable curtailment. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and China ($X per ton), while the price for the United States ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+12.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform