Price for Pectic Substances; Pectinates and Pectates in Panama - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Panama (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in Panama (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Panama
4. Exports of Pectic Substances; Pectinates and Pectates in Panama

Price for Pectic Substances; Pectinates and Pectates in Panama (CIF) - 2022

The average import price for pectic substances; pectinates and pectateses stood at $14,754 per ton in 2022, growing by 43% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $15,828 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Spain ($18,095 per ton), while the price for China ($11,887 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Panama (FOB) - 2022

In 2022, the average export price for pectic substances; pectinates and pectateses amounted to $13,007 per ton, approximately mirroring the previous year. In general, the export price saw buoyant growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 79%. The export price peaked at $14,314 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 Venezuela.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +10.0% per year.

Imports of Pectic Substances; Pectinates and Pectates in Panama

In 2022, pectic substances; pectinates and pectates imports into Panama contracted modestly to 8.4 tons, approximately mirroring the year before. Overall, imports faced a deep contraction.

In value terms, pectic substances; pectinates and pectates imports surged to $125K in 2022. Over the period under review, imports recorded a abrupt descent.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Panama in 2022:

1. Free Zones (5.2 tons)
2. Denmark (2.6 tons)
3. China (0.6 tons)

Exports of Pectic Substances; Pectinates and Pectates in Panama

In 2022, shipments abroad of pectic substances; pectinates and pectateses decreased by 0% to 3.2 tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 13%. As a result, the exports attained the peak of 6.5 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, pectic substances; pectinates and pectates exports amounted to $42K in 2022. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 10%. As a result, the exports attained the peak of $84K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Panama in 2022:

1. Venezuela (3.2 tons)

Source: IndexBox Market Intelligence Platform