Price for Cyanides, Cyanide Oxides and Complex Cyanides in Panama - 2023

Contents:

  1. Price for Cyanides, Cyanide Oxides and Complex Cyanides in Panama (CIF) - 2022
  2. Price for Cyanides, Cyanide Oxides and Complex Cyanides in Panama (FOB) - 2022
  3. Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Panama
  4. Exports of Cyanides, Cyanide Oxides and Complex Cyanides in Panama

Price for Cyanides, Cyanide Oxides and Complex Cyanides in Panama (CIF) - 2022

The average import price for cyanides, cyanide oxides and complex cyanideses stood at $5,388 per ton in 2022, surging by 3.3% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cyanides, cyanide oxides and complex cyanideses increased by +118.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 59% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +15.1% per year.

Price for Cyanides, Cyanide Oxides and Complex Cyanides in Panama (FOB) - 2022

The average export price for cyanides, cyanide oxides and complex cyanideses stood at $1,065 per ton in 2022, growing by 2.4% against the previous year. Over the period under review, the export price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 183%. Over the period under review, the average export prices reached the peak figure at $18,735 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($11,764 per ton), while the average price for exports to Costa Rica stood at $698 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+4.9%).

Imports of Cyanides, Cyanide Oxides and Complex Cyanides in Panama

In 2022, the amount of cyanides, cyanide oxides and complex cyanideses imported into Panama contracted remarkably to 459 kg, shrinking by -88.8% against 2021 figures. Overall, imports recorded a precipitous setback. The smallest decline of -14.3% was in 2021.

In value terms, imports of cyanides, cyanide oxides and complex cyanideses reduced notably to $2.5K in 2022. Over the period under review, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 9.9%.

Import of Cyanides, Cyanide Oxides and Complex Cyanides in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7.62.02.22.1-34.9%
United States8.915.513.6N/A23.6%
Others1.21.95.60.4-30.7%
Total17.719.521.42.5-47.9%

Top Suppliers of Cyanides, Cyanide Oxides and Complex Cyanides to Panama in 2022:

  1. China (456.0 kg)

Exports of Cyanides, Cyanide Oxides and Complex Cyanides in Panama

Exports of cyanides, cyanide oxides and complex cyanideses from Panama soared to 25 tons in 2022, rising by 46% on the previous year. Overall, exports showed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 96% against the previous year. As a result, the exports reached the peak of 33 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cyanides, cyanide oxides and complex cyanideses soared to $26K in 2022. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 80% against the previous year. As a result, the exports reached the peak of $35K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Cyanides, Cyanide Oxides and Complex Cyanides in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Costa Rica19.50.117.616.7-5.0%
GuatemalaN/AN/AN/A9.70%
ColombiaN/A35.1N/AN/A0%
OthersN/AN/AN/AN/A0%
Total19.535.217.626.410.6%

Top Export Markets for Cyanides, Cyanide Oxides and Complex Cyanides from Panama in 2022:

  1. Costa Rica (24.0 tons)
  2. Guatemala (0.8 tons)

Source: IndexBox Market Intelligence Platform

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