Panama: Market for Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine) 2024

Market Size for Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine) in Panama

The Panamanian market for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) skyrocketed to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated a temperate increase 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine) in Panama

In value terms, production of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) expanded markedly to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion 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. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine)

Exports from Panama

In 2022, shipments abroad of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) was finally on the rise to reach X kg for the first time since 2015, thus ending a six-year declining trend. Over the period under review, exports, however, showed a dramatic decline. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) expanded remarkably to $X in 2022. In general, exports, however, faced a precipitous curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Venezuela (X kg) was the main destination for exports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) from Panama, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Venezuela amounted to X%.

In value terms, Venezuela ($X) also remains the key foreign market for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) exports from Panama.

From 2012 to 2022, the average annual growth rate of value to Venezuela totaled X%.

Export Prices by Country

In 2022, the average export price for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Venezuela.

From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to X% per year.

Imports of Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine)

Imports into Panama

In 2022, the amount of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) imported into Panama soared to X tons, rising by X% compared with the previous year's figure. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) skyrocketed to $X in 2022. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Uruguay (X tons) constituted the largest supplier of acylic monoamines,their derivatives and salts thereof to Panama, with a X% share of total imports. Moreover, imports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) from Uruguay exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Uruguay totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

In value terms, Uruguay ($X) constituted the largest supplier of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) to Panama, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Uruguay amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average import price for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2018 an increase of 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.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform