Sodium Triphosphate Price in Panama - 2023
Contents:
- Sodium Triphosphate Price in Panama (CIF) - 2022
- Sodium Triphosphate Price in Panama (FOB) - 2022
- Sodium Triphosphate Imports in Panama
- Sodium Triphosphate Exports in Panama
Sodium Triphosphate Price in Panama (CIF) - 2022
In 2022, the average sodium triphosphate import price amounted to $1,868 per ton, surging by 63% against the previous year. In general, the import price showed temperate growth. Over the period under review, average import prices reached the peak figure at $2,718 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($3,384 per ton), while the price for Italy ($1,032 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Sodium Triphosphate Price in Panama (FOB) - 2022
In 2022, the average sodium triphosphate export price amounted to $1,311 per ton, declining by -6.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 26% against the previous year. The export price peaked at $1,913 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($2,859 per ton), while the average price for exports to Venezuela ($1,239 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 Venezuela (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.
Sodium Triphosphate Imports in Panama
In 2022, sodium triphosphate imports into Panama declined to 1.2K tons, flattening at the previous year. Over the period under review, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year.
In value terms, sodium triphosphate imports soared to $2.2M in 2022. Overall, imports, however, recorded prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sodium Triphosphate in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 54.1 | 61.4 | 117 | 992 | 163.7% |
| Belgium | 344 | 220 | 326 | 602 | 20.5% |
| Russia | 530 | 259 | 333 | 461 | -4.5% |
| Canada | 62.6 | 35.7 | 39.6 | 73.5 | 5.5% |
| Italy | 44.5 | 61.7 | 49.7 | 19.4 | -24.2% |
| Venezuela | 320 | 249 | 313 | N/A | -1.1% |
| Israel | 87.7 | 84.5 | 132 | N/A | 22.7% |
| Others | 73.6 | 72.5 | 39.1 | 21.1 | -34.1% |
| Total | 1,517 | 1,043 | 1,348 | 2,169 | 12.7% |
Top Suppliers of Sodium Triphosphate to Panama in 2022:
- China (570.3 tons)
- Russia (313.4 tons)
- Belgium (230.3 tons)
- Canada (21.7 tons)
- Italy (18.8 tons)
Sodium Triphosphate Exports in Panama
In 2022, shipments abroad of sodium triphosphate (sodium tripolyphosphates) was finally on the rise to reach 11 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt descent.
In value terms, sodium triphosphate exports amounted to $15K in 2022. Over the period under review, exports, however, faced a abrupt contraction.
| Export of Sodium Triphosphate in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 10.7 | 1.8 | 8.4 | 9.4 | -4.2% |
| Venezuela | 6.8 | 2.9 | 3.3 | 2.9 | -24.7% |
| Costa Rica | 4.1 | 1.8 | 2.0 | 1.8 | -24.0% |
| Guatemala | 1.8 | 0.4 | 0.6 | 0.8 | -23.7% |
| Nicaragua | N/A | 4.0 | N/A | N/A | 0% |
| Others | N/A | 4.5 | N/A | N/A | 0% |
| Total | 23.4 | 15.5 | 14.2 | 14.8 | -14.2% |
Top Export Markets for Sodium Triphosphate from Panama in 2022:
- Colombia (7.3 tons)
- Venezuela (2.4 tons)
- Costa Rica (1.4 tons)
- Guatemala (0.3 tons)
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