Chipped Coniferous Wood Price in Panama - 2023
Contents:
Chipped Coniferous Wood Price in Panama (CIF) - 2022
In 2022, the average chipped coniferous wood import price amounted to $518 per cubic meter, increasing by 5.1% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +5.3%. The growth pace was the most rapid in 2018 when the average import price increased by 32%. As a result, import price reached the peak level of $526 per cubic meter. From 2019 to 2022, the average import prices remained at a 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 ($537 per cubic meter), while the price for Spain ($294 per cubic meter) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced a decline.
Chipped Coniferous Wood Imports in Panama
In 2022, the amount of coniferous wood in chips or particles imported into Panama skyrocketed to 228 cubic meters, picking up by 21% on the year before. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 37%. As a result, imports attained the peak of 272 cubic meters. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, chipped coniferous wood imports skyrocketed to $118K in 2022. The total import value increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chipped Coniferous Wood in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 89.1 | 99.2 | 67.4 | 112 | 7.9% |
| Spain | 2.2 | 4.1 | 10.5 | 4.7 | 28.8% |
| China | N/A | 0.9 | 0.8 | 1.7 | 37.4% |
| Canada | 1.2 | 3.4 | 14.0 | N/A | 241.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 92.5 | 108 | 92.6 | 118 | 8.5% |
Top Suppliers of Chipped Coniferous Wood to Panama in 2022:
- United States (208.0 cubic meters)
- Spain (16.0 cubic meters)
- China (4.0 cubic meters)
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