Panama: Market for Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function 2024

Market Size for Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function in Panama

The Panamanian market for benzaldehyde and other cyclic aldehydes without other oxygen function dropped to $X in 2022, falling by X% against the previous year. Overall, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Benzaldehyde and other cyclic aldehydes consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function in Panama

In value terms, benzaldehyde and other cyclic aldehydes production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Benzaldehyde and other cyclic aldehydes production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function

Exports from Panama

In 2022, shipments abroad of benzaldehyde and other cyclic aldehydes without other oxygen function decreased by X% to X kg, falling for the eighth year in a row after three years of growth. Over the period under review, exports faced a significant contraction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, benzaldehyde and other cyclic aldehydes exports contracted slightly to $X in 2022. In general, exports showed a dramatic downturn. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Venezuela (X kg) was the main destination for benzaldehyde and other cyclic aldehydes exports from Panama, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Venezuela stood at X%.

In value terms, Venezuela ($X) also remains the key foreign market for benzaldehyde and other cyclic aldehydes without other oxygen function exports from Panama.

From 2012 to 2022, the average annual rate of growth in terms of value to Venezuela stood at X%.

Export Prices by Country

In 2022, the average export price for benzaldehyde and other cyclic aldehydes without other oxygen function amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

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 Venezuela amounted to X% per year.

Imports of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function

Imports into Panama

In 2022, supplies from abroad of benzaldehyde and other cyclic aldehydes without other oxygen function increased by X% to X kg, rising for the third consecutive year after five years of decline. Over the period under review, imports posted a mild increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, benzaldehyde and other cyclic aldehydes imports skyrocketed to $X in 2022. In general, imports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X kg) constituted the largest supplier of benzaldehyde and other cyclic aldehydes to Panama, accounting for a X% share of total imports. Moreover, benzaldehyde and other cyclic aldehydes imports from China exceeded the figures recorded by the second-largest supplier, Spain (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of benzaldehyde and other cyclic aldehydes without other oxygen function to Panama, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average import price for benzaldehyde and other cyclic aldehydes without other oxygen function amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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