Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Panama - 2023
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Panama (CIF) - 2023
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Panama (FOB) - 2022
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Panama
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Panama
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Panama (CIF) - 2023
The average import price for paints and varnishes, based on polyesters, non-aqueous medium stood at $3,965 per ton in September 2023, shrinking by -13.8% 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 July 2023 an increase of 20% against the previous month. The import price peaked at $4,601 per ton in August 2023, and then shrank in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($8,682 per ton), while the price for China ($1,661 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 the United States (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Panama (FOB) - 2022
The average export price for paints and varnishes, based on polyesters, non-aqueous medium stood at $4,660 per ton in 2022, with a decrease of -16.9% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the peak figure at $8,028 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Venezuela ($4,741 per ton) and the United States ($4,665 per ton), while the average price for exports to Costa Rica ($4,621 per ton) and Ecuador ($4,621 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 Free Zones (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Panama
In 2022, imports of paints and varnishes, based on polyesters, non-aqueous medium into Panama fell to 2.2K tons, reducing by -14.1% against 2021. In general, imports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. As a result, imports attained the peak of 2.5K tons, and then reduced in the following year.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium stood at $7.3M in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 1,991 | 1,656 | 2,840 | 3,709 | 23.0% |
| United States | 776 | 684 | 756 | 1,155 | 14.2% |
| Free Zones | 228 | 591 | 616 | 889 | 57.4% |
| Colombia | 1,255 | 823 | 1,652 | 564 | -23.4% |
| China | 538 | 519 | 549 | 393 | -9.9% |
| Nicaragua | 38.5 | N/A | N/A | 216 | 77.7% |
| Mexico | 734 | 453 | 195 | 97.6 | -49.0% |
| El Salvador | 492 | 16.9 | 9.6 | 45.8 | -54.7% |
| Hong Kong SAR | 89.9 | 149 | 136 | N/A | 23.0% |
| Others | 426 | 164 | 439 | 203 | -21.9% |
| Total | 6,569 | 5,055 | 7,192 | 7,272 | 3.4% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Panama in 2022:
- Costa Rica (1099.3 tons)
- United States (367.1 tons)
- Colombia (203.4 tons)
- China (170.2 tons)
- Free Zones (123.2 tons)
- Nicaragua (93.1 tons)
- Mexico (38.9 tons)
- El Salvador (17.3 tons)
Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Panama
In 2022, the amount of paints and varnishes, based on polyesters, non-aqueous medium exported from Panama soared to 78 tons, increasing by 538% against 2021. Over the period under review, exports, however, saw a drastic downturn.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium surged to $363K in 2022. Overall, exports, however, continue to indicate a deep downturn.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 10.8 | 346 | 29.5 | 169 | 150.1% |
| El Salvador | 0.5 | 72.3 | 6.2 | 35.4 | 313.7% |
| United States | 108 | 7.1 | 4.2 | 26.1 | -37.7% |
| Costa Rica | 2.9 | 52.8 | 4.5 | 25.8 | 107.2% |
| Venezuela | 38.7 | 19.3 | 2.8 | 16.2 | -25.2% |
| Ecuador | 0.1 | 27.4 | 2.3 | 13.4 | 411.7% |
| Dominican Republic | 0.3 | 25.7 | 2.2 | 12.5 | 246.7% |
| Cuba | 53.1 | 2.2 | 1.6 | 11.8 | -39.4% |
| Free Zones | 72.1 | N/A | 5.7 | N/A | -71.9% |
| Guyana | 24.7 | N/A | N/A | N/A | 0% |
| Trinidad and Tobago | 95.5 | N/A | N/A | N/A | 0% |
| Mexico | N/A | 76.9 | N/A | N/A | 0% |
| Others | 51.2 | 27.4 | 9.1 | 52.4 | 0.8% |
| Total | 458 | 657 | 68.3 | 363 | -7.5% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Panama in 2022:
- Colombia (36.6 tons)
- El Salvador (7.7 tons)
- Costa Rica (5.6 tons)
- United States (5.6 tons)
- Venezuela (3.4 tons)
- Ecuador (2.9 tons)
- Dominican Republic (2.7 tons)
- Cuba (2.5 tons)
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