Price for Tents of Synthetic Fibres in Panama - 2023
Contents:
- Price for Tents of Synthetic Fibres in Panama (CIF) - 2022
- Price for Tents of Synthetic Fibres in Panama (FOB) - 2022
- Imports of Tents of Synthetic Fibres in Panama
- Exports of Tents of Synthetic Fibres in Panama
Price for Tents of Synthetic Fibres in Panama (CIF) - 2022
The average tents of synthetic fibres import price stood at $5,050 per ton in 2022, surging by 35% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tents of synthetic fibres import price decreased by -21.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 56%. As a result, import price reached the peak level of $6,431 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($13,270 per ton), while the price for China ($4,672 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tents of Synthetic Fibres in Panama (FOB) - 2022
In 2022, the average tents of synthetic fibres export price amounted to $15,877 per ton, remaining constant against the previous year. In general, the export price showed a buoyant expansion. The pace of growth was the most pronounced in 2017 an increase of 170% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Trinidad and Tobago ($16,245 per ton) and Guyana ($16,239 per ton), while the average price for exports to Brazil ($15,946 per ton) and Cuba ($15,972 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 Guyana (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tents of Synthetic Fibres in Panama
For the third year in a row, Panama recorded decline in overseas purchases of tents of synthetic fibreses, which decreased by -25% to 229 tons in 2022. In general, imports showed a deep slump. The smallest decline of -7.5% was in 2021.
In value terms, tents of synthetic fibres imports totaled $1.2M in 2022. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year. As a result, imports reached the peak of $2.1M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Tents of Synthetic Fibres in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 950 | 807 | 570 | 901 | -1.7% |
| Free Zones | 639 | 499 | 403 | 83.4 | -49.3% |
| Taiwan (Chinese) | 0.4 | N/A | N/A | 60.0 | 431.3% |
| Vietnam | 0.4 | 76.8 | 118 | 59.9 | 431.0% |
| United States | 141 | 17.8 | 41.3 | 28.0 | -41.7% |
| Spain | N/A | 481 | N/A | N/A | 0% |
| Others | 31.1 | 240 | 6.5 | 22.0 | -10.9% |
| Total | 1,761 | 2,121 | 1,139 | 1,155 | -13.1% |
Top Suppliers of Tents of Synthetic Fibres to Panama in 2022:
- China (192.9 tons)
- Free Zones (14.1 tons)
- Vietnam (10.5 tons)
- Taiwan (Chinese) (4.5 tons)
- United States (3.9 tons)
Exports of Tents of Synthetic Fibres in Panama
For the third year in a row, Panama recorded decline in shipments abroad of tents of synthetic fibreses, which decreased by 0% to 19 tons in 2022. In general, exports continue to indicate a sharp decline. The smallest decline of -19.4% was in 2020.
In value terms, tents of synthetic fibres exports stood at $306K in 2022. Over the period under review, exports saw a sharp slump. The smallest decline of -15% was in 2020.
| Export of Tents of Synthetic Fibres in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cuba | 17.9 | 2.6 | N/A | 22.5 | 7.9% |
| Costa Rica | 4.4 | 21.9 | N/A | 8.7 | 25.5% |
| Ecuador | 10.4 | 12.5 | N/A | 4.9 | -22.2% |
| Venezuela | 0.5 | 2.5 | N/A | 4.4 | 106.5% |
| United States | 5.9 | 10.8 | N/A | 4.3 | -10.0% |
| Trinidad and Tobago | 4.0 | 7.9 | N/A | 3.1 | -8.1% |
| Colombia | 1.9 | 0.4 | N/A | 3.1 | 17.7% |
| Honduras | 3.5 | 7.4 | N/A | 2.9 | -6.1% |
| Jamaica | 3.4 | 7.1 | N/A | 2.8 | -6.3% |
| Guyana | 1.6 | 5.8 | N/A | 2.3 | 12.9% |
| Uruguay | 0.9 | 0.7 | N/A | 2.1 | 32.6% |
| Aruba | 2.8 | 5.2 | N/A | 2.1 | -9.1% |
| Brazil | 2.0 | 2.6 | N/A | 1.8 | -3.5% |
| Others | 661 | 524 | N/A | 241 | -28.6% |
| Total | 720 | 612 | N/A | 306 | -24.8% |
Top Export Markets for Tents of Synthetic Fibres from Panama in 2022:
- Cuba (1.4 tons)
- Costa Rica (0.5 tons)
- United States (0.3 tons)
- Venezuela (0.3 tons)
- Ecuador (0.3 tons)
- Jamaica (0.2 tons)
- Honduras (0.2 tons)
- Trinidad and Tobago (0.2 tons)
- Colombia (0.2 tons)
- Brazil (0.1 tons)
- Uruguay (0.1 tons)
- Aruba (0.1 tons)
- Guyana (0.1 tons)
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