Price for Monophenols; Cresols and Their Salts in Panama - 2023
Contents:
- Price for Monophenols; Cresols and Their Salts in Panama (CIF) - 2022
- Imports of Monophenols; Cresols and Their Salts in Panama
Price for Monophenols; Cresols and Their Salts in Panama (CIF) - 2022
In 2022, the average import price for monophenols; cresols and their saltses amounted to $4,564 per ton, surging by 27% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 35% against the previous year. As a result, import price reached the peak level of $5,370 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($4,799 per ton), while the price for Free Zones amounted to $4,351 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.9%).
Imports of Monophenols; Cresols and Their Salts in Panama
In 2022, overseas purchases of monophenols; cresols and their saltses decreased by -6.1% to 8 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 178%. As a result, imports attained the peak of 11 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, monophenols; cresols and their salts imports skyrocketed to $37K in 2022. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 276% against the previous year. As a result, imports reached the peak of $60K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Monophenols; Cresols and Their Salts in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | N/A | N/A | N/A | 18.3 | 0% |
| United States | 10.2 | 50.5 | 30.6 | 18.2 | 21.3% |
| South Korea | N/A | 9.2 | N/A | N/A | 0% |
| United Kingdom | 5.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 15.9 | 59.7 | 30.6 | 36.5 | 31.9% |
Top Suppliers of Monophenols; Cresols and Their Salts to Panama in 2022:
- Free Zones (4.2 tons)
- United States (3.8 tons)
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