Complex Cyanides Price in Panama - 2022

Contents:

  1. Complex Cyanides Price in Panama (CIF) - 2022
  2. Complex Cyanides Price in Panama (FOB) - 2022
  3. Complex Cyanides Imports in Panama
  4. Complex Cyanides Exports in Panama

Complex Cyanides Price in Panama (CIF) - 2022

In 2022, the average complex cyanides import price amounted to $45,796 per ton, dropping by -47.4% against the previous year. In general, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 54% against the previous year. The import price peaked at $87,077 per ton in 2021, and then dropped notably in the following year.

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 India ($124,333 per ton), while the price for China stood at $41,176 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+180.8%).

Complex Cyanides Price in Panama (FOB) - 2022

The average complex cyanides export price stood at $2,277 per ton in 2022, waning by -16.2% against the previous year. In general, the export price saw a noticeable downturn. The pace of growth was the most pronounced in 2018 an increase of 68%. Over the period under review, the average export prices hit record highs at $25,640 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Honduras amounted to +47.6% per year.

Complex Cyanides Imports in Panama

For the fourth consecutive year, Panama recorded growth in purchases abroad of complex cyanideses, which increased by 108% to 54 kg in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, complex cyanides imports expanded rapidly to $2.5K in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 164%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Import of Complex Cyanides in Panama (USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4078796362,10072.8%
IndiaN/AN/AN/A3730%
Germany73.0499812N/A233.5%
Others131232816N/A149.6%
Total6111,6102,2642,47359.4%

Top Suppliers of Complex Cyanides to Panama in 2022:

  1. China (51.0 kg)
  2. India (3.0 kg)

Complex Cyanides Exports in Panama

In 2022, the amount of complex cyanideses exported from Panama soared to 16 tons, rising by 20% on 2021. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 51,600%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, complex cyanides exports reached $36K in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 23,516%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Export of Complex Cyanides in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Costa Rica0.10.135.435.5608.1%
ColombiaN/A35.1N/AN/A0%
OthersN/AN/AN/AN/A0%
Total0.135.235.435.5608.1%

Top Export Markets for Complex Cyanides from Panama in 2022:

  1. Costa Rica (15.6 tons)

Source: IndexBox Market Intelligence Platform

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