Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Panama - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Panama (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Panama (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Panama
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Panama
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Panama (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $19,915 per ton in 2022, dropping by -18% against the previous year. In general, the import price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 141% against the previous year. The import price peaked at $24,287 per ton in 2021, and then contracted rapidly in the following year.
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 South Korea ($33,320 per ton), while the price for China ($5,391 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 (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Panama (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $10,188 per ton in 2022, picking up by 4.3% against the previous year. Overall, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 520%. As a result, the export price attained the peak level of $21,490 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Ecuador.
From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to +20.2% per year.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Panama
In 2022, approx. 6.8 tons of rubber; vulcanised, conveyor belts or belting, reinforced only with metals were imported into Panama; picking up by 98% compared with the previous year. Overall, imports, however, continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 130%. As a result, imports attained the peak of 34 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals soared to $136K in 2022. In general, imports, however, saw a dramatic downturn. The pace of growth was the most pronounced in 2020 when imports increased by 80%. As a result, imports reached the peak of $526K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 256 | 4.9 | 87.8 | -41.4% |
| United States | 70.3 | 13.7 | 22.8 | 21.4 | -32.7% |
| Free Zones | 17.0 | 2.3 | 9.0 | 8.4 | -20.9% |
| China | 65.2 | 23.5 | 2.5 | 3.3 | -63.0% |
| South Korea | 2.2 | 80.6 | N/A | 3.3 | 14.5% |
| Germany | 0.1 | 117 | 15.4 | 1.8 | 162.1% |
| Japan | 5.5 | 15.0 | 13.0 | 1.5 | -35.2% |
| Others | 133 | 17.6 | 16.1 | 8.5 | -60.0% |
| Total | 293 | 526 | 83.6 | 136 | -22.6% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to Panama in 2022:
- Netherlands (4360.0 kg)
- United States (1057.0 kg)
- China (611.0 kg)
- Free Zones (376.0 kg)
- Japan (124.0 kg)
- South Korea (100.0 kg)
- Germany (50.0 kg)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Panama
In 2022, overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with metals decreased by -10.5% to 1.5 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 114%. As a result, the exports reached the peak of 1.9 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals fell to $16K in 2022. Over the period under review, exports continue to indicate a deep slump.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 4.8 | 17.8 | N/A | 15.5 | 47.8% |
| Barbados | 14.3 | N/A | N/A | N/A | 0% |
| Dominican Republic | N/A | N/A | 16.6 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 19.1 | 17.8 | 16.6 | 15.5 | -6.7% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from Panama in 2022:
- Ecuador (1.5 tons)
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