Price for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama - 2024
Contents:
- Price for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama (CIF) - 2022
- Price for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama (FOB) - 2022
- Imports of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama
- Exports of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama
Price for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama (CIF) - 2022
In 2022, the average import price for man-made filament yarn (other than sewing thread), put up for retail sale amounted to $5,849 per ton, dropping by -18.4% against the previous year. In general, the import price, however, posted perceptible growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 159% against the previous year. As a result, import price reached the peak level of $7,384 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
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 Mexico ($13,317 per ton), while the price for China ($4,567 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+28.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama (FOB) - 2022
In 2022, the average export price for man-made filament yarn (other than sewing thread), put up for retail sale amounted to $8,217 per ton, increasing by 219% against the previous year. Overall, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 297%. As a result, the export price attained the peak level of $18,123 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($13,849 per ton), while the average price for exports to Costa Rica stood at $2,280 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama
After three years of growth, purchases abroad of man-made filament yarn (other than sewing thread), put up for retail sale decreased by -11% to 23 tons in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 26%.
In value terms, imports of man-made filament yarn (other than sewing thread), put up for retail sale contracted sharply to $134K in 2022. Over the period under review, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 99%. As a result, imports reached the peak of $185K, and then declined rapidly in the following year.
Import of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 20.7 | 51.6 | 139 | 73.5 | 52.6% |
Mexico | 4.1 | 4.1 | 18.0 | 31.6 | 97.5% |
Taiwan (Chinese) | N/A | N/A | N/A | 14.0 | 0% |
Free Zones | 13.0 | 31.4 | 15.9 | 9.6 | -9.6% |
Guatemala | 24.8 | 4.1 | 4.1 | 3.5 | -47.9% |
United States | 3.6 | 0.5 | 1.7 | 1.9 | -19.2% |
South Korea | 9.0 | N/A | N/A | N/A | 0% |
Thailand | 22.3 | N/A | N/A | N/A | 0% |
Others | 15.0 | 1.2 | 6.0 | 0.3 | -72.9% |
Total | 112 | 92.9 | 185 | 134 | 6.2% |
Top Suppliers of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale to Panama in 2022:
- China (16.1 tons)
- Mexico (2.4 tons)
- Free Zones (1.9 tons)
- Taiwan (Chinese) (1.8 tons)
- United States (0.4 tons)
- Guatemala (0.3 tons)
Exports of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama
In 2022, exports of man-made filament yarn (other than sewing thread), put up for retail sale from Panama fell to 243 kg, dropping by -8% on the previous year. Over the period under review, exports faced a precipitous decline. The pace of growth appeared the most rapid in 2021 with an increase of 371%.
In value terms, exports of man-made filament yarn (other than sewing thread), put up for retail sale skyrocketed to $1.5K in 2022. In general, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 263% against the previous year.
Export of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Guatemala | N/A | N/A | 365 | 1,191 | 226.3% |
Costa Rica | 172 | N/A | 305 | 358 | 27.7% |
Belize | 688 | 54.0 | 226 | N/A | -42.7% |
Saint Lucia | 1,061 | 193 | N/A | N/A | -81.8% |
Others | 42.0 | N/A | N/A | N/A | 0% |
Total | 1,963 | 247 | 896 | 1,549 | -7.6% |
Top Export Markets for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale from Panama in 2022:
- Costa Rica (157.0 kg)
- Guatemala (86.0 kg)
This report provides an in-depth analysis of the man-made filament yarn market in Panama.
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