Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama - 2022
Contents:
- Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama (FOB) - 2022
- Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama (CIF) - 2022
- Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama
- Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama
Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama (FOB) - 2022
The average export price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $9,505 per ton in 2022, almost unchanged from the previous year. Overall, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 39%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.
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 +9.0% per year.
Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama (CIF) - 2022
The average import price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $11,002 per ton in 2022, picking up by 22% against the previous year. Overall, the import price recorded strong growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 82% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Free Zones ($28,558 per ton), while the price for Canada ($5,793 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.8%).
Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama
For the third year in a row, Panama recorded decline in shipments abroad of artificial staple fibres, not carded, combed or otherwise processed for spinning, which decreased by -20% to 963 kg in 2022. Over the period under review, exports continue to indicate a precipitous slump. The smallest decline of -20% was in 2021.
In value terms, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning reduced rapidly to $9.2K in 2022. Overall, exports showed a precipitous descent. The smallest decline of -20% was in 2021.
| Export of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 17.9 | 14.3 | 11.4 | 9.2 | -19.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 17.9 | 14.3 | 11.4 | 9.2 | -19.9% |
Top Export Markets for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Panama in 2022:
- Venezuela (963.0 kg)
Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama
In 2022, overseas purchases of artificial staple fibres, not carded, combed or otherwise processed for spinning were finally on the rise to reach 619 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a sharp setback.
In value terms, imports of artificial staple fibres, not carded, combed or otherwise processed for spinning skyrocketed to $6.8K in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 26%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.5 | 4.6 | 5.5 | 2.9 | 79.7% |
| Free Zones | N/A | N/A | N/A | 2.5 | 0% |
| Canada | N/A | N/A | N/A | 1.4 | 0% |
| Indonesia | 3.0 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 3.6 | 4.6 | 5.5 | 6.8 | 23.6% |
Top Suppliers of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Panama in 2022:
- United States (287.0 kg)
- Canada (246.0 kg)
- Free Zones (86.0 kg)
1333
In value terms, artificial filament yarn imports totaled $X in 2016. In general, artificial filament yarn imports continue to indicate a slight shrinkage. Over the period under review, global artif...
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