Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Panama - 2024
Contents:
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Panama (CIF) - 2022
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Panama (FOB) - 2022
- Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Panama
- Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Panama
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Panama (CIF) - 2022
The average import price for rubber stood at $11,185 per ton in 2022, jumping by 16% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +9.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for rubber increased by +67.1% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 132%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($39,125 per ton), while the price for Free Zones ($5,621 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Panama (FOB) - 2022
The average export price for rubber stood at $51,498 per ton in 2022, increasing by 487% against the previous year. In general, the export price showed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Guyana ($11,047 per ton) and El Salvador ($10,992 per ton), while the average price for exports to the United States ($9,048 per ton) and Venezuela ($9,059 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 El Salvador (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Panama
In 2022, imports of rubber into Panama fell markedly to 8.8 tons, reducing by -45.7% against the previous year's figure. In general, imports showed a precipitous decline.
In value terms, imports of rubber reduced sharply to $99K in 2022. Over the period under review, imports continue to indicate a dramatic descent.
| Import of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 106 | 29.4 | 41.1 | 36.2 | -30.1% |
| Free Zones | 119 | 107 | 53.9 | 17.3 | -47.4% |
| China | 67.1 | 127 | 46.4 | 12.1 | -43.5% |
| Germany | 25.5 | 3.1 | 2.5 | 8.4 | -30.9% |
| Mexico | 3.1 | 2.7 | N/A | 7.4 | 33.6% |
| Italy | 12.8 | 1.1 | 4.2 | 3.9 | -32.7% |
| Costa Rica | 102 | 6.1 | 2.6 | 3.2 | -68.5% |
| South Korea | 9.4 | 16.8 | N/A | 0.3 | -68.3% |
| Thailand | 196 | 11.5 | N/A | N/A | -94.1% |
| Others | 15.7 | 2.0 | 5.9 | 9.9 | -14.2% |
| Total | 657 | 307 | 157 | 98.7 | -46.8% |
Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to Panama in 2022:
- Free Zones (3.1 tons)
- United States (2.5 tons)
- China (1.5 tons)
- Germany (0.7 tons)
- Mexico (0.4 tons)
- Italy (0.3 tons)
- Costa Rica (0.3 tons)
Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Panama
In 2022, the amount of rubber exported from Panama declined notably to 93 kg, which is down by -37.2% on the previous year's figure. Over the period under review, exports saw a sharp descent. The pace of growth was the most pronounced in 2021 when exports increased by 97%.
In value terms, exports of rubber soared to $4.8K in 2022. In general, exports, however, posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 74.8 | 40.7 | N/A | 24.2 | -31.4% |
| Nicaragua | 50.1 | 40.2 | N/A | 16.7 | -30.7% |
| Colombia | 60.9 | 24.6 | N/A | 16.5 | -35.3% |
| El Salvador | 51.2 | 11.9 | N/A | 12.4 | -37.7% |
| Guatemala | 25.4 | 17.5 | N/A | 12.3 | -21.5% |
| Jamaica | 16.1 | 16.3 | N/A | 6.6 | -25.7% |
| Venezuela | 7.7 | 15.5 | N/A | 6.0 | -8.0% |
| Cuba | 21.9 | 8.3 | N/A | 5.5 | -36.9% |
| Honduras | 24.9 | 5.4 | N/A | 5.3 | -40.3% |
| United States | 4.3 | 7.3 | N/A | 2.8 | -13.3% |
| Brazil | 0.4 | 7.1 | N/A | 2.7 | 89.0% |
| Chile | 6.8 | 6.7 | N/A | 2.6 | -27.4% |
| Guyana | 3.7 | 2.7 | N/A | 2.4 | -13.4% |
| Others | -345.1 | -203.4 | 1.3 | -111.3 | -31.4% |
| Total | 3.1 | 0.7 | 1.3 | 4.8 | 15.7% |
Top Export Markets for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres from Panama in 2022:
- Dominican Republic (2245.0 kg)
- Nicaragua (1716.0 kg)
- Colombia (1523.0 kg)
- El Salvador (1132.0 kg)
- Guatemala (1129.0 kg)
- Jamaica (695.0 kg)
- Venezuela (660.0 kg)
- Cuba (523.0 kg)
- Honduras (492.0 kg)
- United States (312.0 kg)
- Brazil (302.0 kg)
- Chile (285.0 kg)
- Guyana (213.0 kg)
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