Starches; Inulin Price in Panama - 2023
Contents:
- Starches; Inulin Price in Panama (CIF) - 2022
- Starches; Inulin Price in Panama (FOB) - 2022
- Starches; Inulin Imports in Panama
- Starches; Inulin Exports in Panama
Starches; Inulin Price in Panama (CIF) - 2022
In 2022, the average starches; inulin import price amounted to $849 per ton, increasing by 29% against the previous year. Over the period under review, the import price, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by 73% against the previous year. The import price peaked at $1,586 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Guatemala ($2,566 per ton), while the price for Brazil ($687 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in Panama (FOB) - 2022
In 2022, the average starches; inulin export price amounted to $2,193 per ton, approximately reflecting the previous year. Overall, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 75% against the previous year. As a result, the export price reached the peak level of $5,281 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,297 per ton), while the average price for exports to Free Zones ($2,170 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 Ecuador (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.
Starches; Inulin Imports in Panama
In 2022, starches; inulin imports into Panama fell to 8.2K tons, with a decrease of -5.9% on the year before. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 40%. As a result, imports attained the peak of 8.7K tons, and then fell in the following year.
In value terms, starches; inulin imports soared to $6.9M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Starches; Inulin in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 862 | 772 | 1,110 | 2,375 | 40.2% |
| Mexico | 855 | 809 | 2,009 | 1,851 | 29.4% |
| Netherlands | 405 | 198 | 325 | 745 | 22.5% |
| Denmark | 255 | 115 | 200 | 504 | 25.5% |
| Guatemala | 395 | 374 | 441 | 319 | -6.9% |
| United States | 257 | 184 | 235 | 276 | 2.4% |
| Turkey | 303 | 440 | 338 | 252 | -6.0% |
| Paraguay | 43.0 | 126 | 49.7 | 168 | 57.5% |
| Poland | 109 | 75.8 | 221 | 125 | 4.7% |
| Colombia | 113 | 166 | 138 | 73.3 | -13.4% |
| Nicaragua | 180 | 77.0 | 41.7 | N/A | -51.9% |
| Thailand | 146 | 156 | 65.6 | N/A | -33.0% |
| Others | 306 | 637 | 547 | 235 | -8.4% |
| Total | 4,228 | 4,130 | 5,722 | 6,923 | 17.9% |
Top Suppliers of Starches; Inulin to Panama in 2022:
- Brazil (3455.9 tons)
- Mexico (2502.5 tons)
- Netherlands (608.0 tons)
- Denmark (489.9 tons)
- Turkey (261.0 tons)
- United States (221.0 tons)
- Paraguay (140.6 tons)
- Poland (129.9 tons)
- Guatemala (124.4 tons)
- Colombia (58.6 tons)
Starches; Inulin Exports in Panama
Starches; inulin exports from Panama skyrocketed to 159 tons in 2022, jumping by 40% against 2021. Overall, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, starches; inulin exports skyrocketed to $348K in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 133%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.
| Export of Starches; Inulin in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cuba | 5.7 | N/A | 155 | 207 | 231.2% |
| Free Zones | N/A | N/A | N/A | 77.5 | 0% |
| United States | 86.5 | 91.5 | 96.4 | 64.2 | -9.5% |
| Ecuador | 12.2 | 13.3 | N/A | N/A | 9.0% |
| Colombia | 6.2 | 1.2 | N/A | N/A | -80.6% |
| Others | N/A | 2.3 | 0.8 | N/A | -65.2% |
| Total | 111 | 108 | 252 | 348 | 46.4% |
Top Export Markets for Starches; Inulin from Panama in 2022:
- Cuba (95.2 tons)
- Free Zones (35.7 tons)
- United States (27.9 tons)
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