Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Panama - 2023
Contents:
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Panama (CIF) - 2023
- Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Panama (FOB) - 2022
- Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Panama
- Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Panama
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Panama (CIF) - 2023
In September 2023, the average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $3,534 per ton, with an increase of 5.3% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 42% against the previous month. The import price peaked at $4,092 per ton in July 2023; however, from August 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($9,067 per ton), while the price for Colombia ($2,542 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Free Zones (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Panama (FOB) - 2022
In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $5,713 per ton, stabilizing at the previous year. Overall, the export price showed a slight increase. The growth pace was the most rapid in 2013 an increase of 29%. Over the period under review, the average export prices hit record highs at $6,657 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Ecuador ($5,727 per ton) and Nicaragua ($5,726 per ton), while the average price for exports to Chile ($5,616 per ton) and Costa Rica ($5,662 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Panama
In 2022, approx. 1.6K tons of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium were imported into Panama; with a decrease of -33.5% on the previous year's figure. Overall, imports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year.
In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium fell significantly to $5.4M in 2022. Over the period under review, imports showed a significant decline. The growth pace was the most rapid in 2021 with an increase of 9.7%.
| Import of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 8,067 | 1,822 | 2,986 | 2,825 | -29.5% |
| United States | 1,290 | 512 | 1,077 | 1,016 | -7.7% |
| China | 420 | 550 | 681 | 353 | -5.6% |
| Free Zones | 33.8 | 2,136 | 130 | 337 | 115.2% |
| Mexico | 380 | 195 | 381 | 255 | -12.5% |
| Colombia | 102 | 60.0 | 119 | 138 | 10.6% |
| Spain | 220 | 170 | 206 | 137 | -14.6% |
| Others | 635 | 585 | 1,037 | 328 | -19.8% |
| Total | 11,148 | 6,029 | 6,615 | 5,388 | -21.5% |
Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Panama in 2022:
- Costa Rica (866.1 tons)
- United States (265.0 tons)
- China (144.2 tons)
- Free Zones (112.7 tons)
- Colombia (51.8 tons)
- Mexico (44.8 tons)
- Spain (44.7 tons)
Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Panama
In 2022, shipments abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium decreased by 0% to 24 tons, falling for the second consecutive year after two years of growth. Overall, exports enjoyed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 132% against the previous year. As a result, the exports reached the peak of 47 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $135K in 2022. In general, exports recorded resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 139%. As a result, the exports reached the peak of $269K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 3.4 | 66.2 | N/A | 41.3 | 129.9% |
| Colombia | 0.1 | 37.0 | N/A | 23.1 | 513.6% |
| Venezuela | 27.4 | 26.3 | N/A | 16.2 | -16.1% |
| Nicaragua | 3.8 | 15.6 | N/A | 9.7 | 36.7% |
| Costa Rica | 12.6 | 11.5 | N/A | 7.2 | -17.0% |
| Ecuador | 3.1 | 10.9 | N/A | 6.8 | 29.9% |
| Chile | 6.3 | 2.0 | N/A | 2.3 | -28.5% |
| Spain | 8.7 | N/A | N/A | N/A | 0% |
| Guatemala | N/A | 41.0 | N/A | N/A | 0% |
| Trinidad and Tobago | 22.4 | N/A | N/A | N/A | 0% |
| Jamaica | N/A | 10.7 | N/A | N/A | 0% |
| Others | 24.9 | 47.9 | N/A | 28.0 | 4.0% |
| Total | 113 | 269 | N/A | 135 | 6.1% |
Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Panama in 2022:
- Dominican Republic (7.2 tons)
- Colombia (4.0 tons)
- Venezuela (2.9 tons)
- Nicaragua (1.7 tons)
- Costa Rica (1.3 tons)
- Ecuador (1.2 tons)
- Chile (0.4 tons)
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