Hardboard Price in Panama - 2023
Contents:
- Hardboard Price in Panama (CIF) - 2023
- Hardboard Price in Panama (FOB) - 2022
- Hardboard Imports in Panama
- Hardboard Exports in Panama
Hardboard Price in Panama (CIF) - 2023
The average hardboard import price stood at $836 per thousand cubic meters in July 2023, dropping by -19.8% against the previous month. Overall, the import price continues to indicate a mild downturn. The pace of growth was the most pronounced in August 2022 when the average import price increased by 100% m-o-m. As a result, import price reached the peak level of $2.0 per cubic meter. From September 2022 to July 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Chile ($1.0 per cubic meter), while the price for Brazil ($560 per thousand cubic meters) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (+245.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Hardboard Price in Panama (FOB) - 2022
In 2022, the average hardboard export price amounted to $1,790 per cubic meter, increasing by 170% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($2,681 per cubic meter), while the average price for exports to Honduras ($1 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+36.1%), while the prices for the other major destinations experienced more modest paces of growth.
Hardboard Imports in Panama
In 2022, the amount of hardboard imported into Panama fell notably to 1.2K cubic meters, which is down by -39.4% against the previous year. In general, imports, however, saw strong growth. The growth pace was the most rapid in 2021 with an increase of 435% against the previous year. As a result, imports attained the peak of 1.9K cubic meters, and then shrank remarkably in the following year.
In value terms, hardboard imports declined significantly to $1.1M in 2022. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 514%. As a result, imports reached the peak of $1.3M, and then fell remarkably in the following year.
| Import of Hardboard in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 95.6 | 32.6 | 245 | 543 | 78.4% |
| Brazil | 152 | 33.9 | 324 | 309 | 26.7% |
| Spain | 16.7 | 8.3 | 84.9 | 102 | 82.8% |
| United States | 1.2 | 1.6 | 0.9 | 41.3 | 225.3% |
| Germany | 7.5 | 8.5 | 17.7 | 27.4 | 54.0% |
| Argentina | 33.8 | 21.0 | 337 | 19.8 | -16.3% |
| Romania | 14.6 | 6.8 | 16.9 | N/A | 7.6% |
| Turkey | 41.9 | 32.1 | 35.2 | N/A | -8.3% |
| Others | 89.5 | 64.0 | 221 | 9.4 | -52.8% |
| Total | 453 | 209 | 1,282 | 1,051 | 32.4% |
Top Suppliers of Hardboard to Panama in 2022:
- Chile (477.0 cubic meters)
- Brazil (463.0 cubic meters)
- Spain (132.0 cubic meters)
- United States (40.0 cubic meters)
- Argentina (29.0 cubic meters)
- Germany (20.0 cubic meters)
Hardboard Exports in Panama
In 2022, approx. 22 cubic meters of hardboard were exported from Panama; with an increase of 214% on 2021. Overall, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, hardboard exports surged to $39K in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Hardboard in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 6.2 | 1.4 | 4.2 | 25.8 | 60.8% |
| Norway | N/A | N/A | N/A | 10.7 | 0% |
| Costa Rica | 0.5 | 0.1 | 0.4 | 2.3 | 66.3% |
| Guatemala | 0.2 | N/A | 0.1 | 0.4 | 26.0% |
| Dominican Republic | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Honduras | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.9 | 1.6 | 4.6 | 39.4 | 78.7% |
Top Export Markets for Hardboard from Panama in 2022:
- Colombia (13.0 cubic meters)
- Norway (4.0 cubic meters)
- Costa Rica (2.0 cubic meters)
- Honduras (1.0 cubic meters)
- Guatemala (1.0 cubic meters)
- Dominican Republic (1.0 cubic meters)
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