Panama: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Panama

The Panamanian barium or aluminium sulphates market expanded sharply to $X in 2022, growing by 10% against the previous year. Overall, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 -4.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in Panama

In value terms, barium or aluminium sulphates production rose significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +21.9% against 2019 indices. The growth pace was the most rapid in 2020 when the production volume increased by 29%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Panama

After two years of growth, shipments abroad of sulphates of barium or aluminium decreased by -44% to X tons in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 146,954% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, barium or aluminium sulphates exports declined notably to $X in 2022. In general, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by 124,949%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Costa Rica (X tons) was the main destination for barium or aluminium sulphates exports from Panama, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Costa Rica amounted to +25.3%.

In value terms, Costa Rica ($X) also remains the key foreign market for sulphates of barium or aluminium exports from Panama.

From 2012 to 2022, the average annual growth rate of value to Costa Rica stood at +30.2%.

Export Prices by Country

In 2022, the average barium or aluminium sulphates export price amounted to $X per ton, jumping by 45% against the previous year. In general, the export price, however, recorded a abrupt downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +3.9% per year.

Imports of Sulphates Of Barium Or Aluminium

Imports into Panama

In 2022, purchases abroad of sulphates of barium or aluminium decreased by -37.3% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2014 when imports increased by 33,901%. Over the period under review, imports hit record highs at X tons in 2021, and then fell markedly in the following year.

In value terms, barium or aluminium sulphates imports declined notably to $X in 2022. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 39,244% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of barium or aluminium sulphates to Panama, with a 60% share of total imports. Moreover, barium or aluminium sulphates imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +59.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.9% per year) and China (-20.5% per year).

In value terms, Turkey ($X), Germany ($X) and China ($X) appeared to be the largest barium or aluminium sulphates suppliers to Panama.

In terms of the main suppliers, Turkey, with a CAGR of +47.8%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, declining by -36.4% against the previous year. In general, the import price recorded a abrupt descent. The pace of growth was the most pronounced in 2016 an increase of 58%. Over the period under review, average import prices attained the maximum 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 China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+677.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform