Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Panama - 2023
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Panama (CIF) - 2023
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Panama (FOB) - 2022
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Panama
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Panama
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Panama (CIF) - 2023
The average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $1,216 per ton in September 2023, surging by 4.9% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 15% m-o-m. The import price peaked at $1,257 per ton in November 2022; however, from December 2022 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Free Zones ($1,216 per ton), while the price for the United States totaled $1,143 per ton.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Free Zones (-0.4%).
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Panama (FOB) - 2022
The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $833 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price recorded a noticeable downturn. The growth pace was the most rapid in 2021 an increase of 49%. The export price peaked at $1,300 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($1,450 per ton), while the average price for exports to South Africa ($356 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 Tanzania (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Panama
Imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s into Panama totaled 1.4M tons in 2022, increasing by 2.8% compared with 2021 figures. In general, imports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 89%.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $1.8B in 2022. Overall, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 167% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 897 | 295 | 827 | 1,474 | 18.0% |
| United States | 242 | 119 | 280 | 338 | 11.8% |
| Others | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 1,139 | 414 | 1,107 | 1,813 | 16.8% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Panama in 2022:
- Free Zones (1162.0K tons)
- United States (274.0K tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Panama
In 2022, overseas shipments of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s decreased by -63.3% to 17K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 128% against the previous year. As a result, the exports reached the peak of 175K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s dropped rapidly to $14M in 2022. Overall, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year. As a result, the exports attained the peak of $98M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jamaica | N/A | N/A | N/A | 8.3 | 0% |
| South Africa | 0.1 | 0.5 | 0.4 | 3.1 | 214.1% |
| Tanzania | N/A | N/A | N/A | 1.7 | 0% |
| Bolivia | 16.9 | N/A | 19.7 | 1.3 | -57.5% |
| Nicaragua | N/A | 10.9 | 4.4 | N/A | -59.6% |
| Dominican Republic | 19.8 | 4.1 | 6.3 | N/A | -43.6% |
| Paraguay | 17.2 | N/A | N/A | N/A | 0% |
| Guatemala | N/A | 17.2 | N/A | N/A | 0% |
| United States | N/A | 2.8 | N/A | N/A | 0% |
| Pakistan | N/A | 32.6 | N/A | N/A | 0% |
| Others | 7.7 | 30.0 | 8.8 | 0.1 | -76.5% |
| Total | 61.7 | 98.2 | 39.6 | 14.5 | -38.3% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Panama in 2022:
- South Africa (8.7K tons)
- Jamaica (5.7K tons)
- Tanzania (1.6K tons)
- Bolivia (1.2K tons)
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