Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Panama - 2024
Contents:
- Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Panama (CIF) - 2024
- Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Panama (FOB) - 2022
- Imports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Panama
- Exports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Panama
Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Panama (CIF) - 2024
In November 2023, the average import price for tents of textile materials other than cotton or synthetic fibreses amounted to $6,006 per ton, reducing by -4.5% against the previous month. Over the period under review, the import price, however, continues to indicate a noticeable increase. The most prominent rate of growth was recorded in June 2023 an increase of 472% against the previous month. Over the period under review, average import prices reached the maximum at $15,117 per ton in March 2023; however, from April 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($8,579 per ton), while the price for Free Zones ($4,603 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced a decline.
Price for Tents of Textile Materials Other than Cotton or Synthetic Fibres in Panama (FOB) - 2022
The average export price for tents of textile materials other than cotton or synthetic fibreses stood at $3,700 per ton in 2022, shrinking by -8.5% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 58%. Over the period under review, the average export prices reached the peak figure at $6,981 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($7,352 per ton), while the average price for exports to Nicaragua ($1,677 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+81.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Panama
In 2022, overseas purchases of tents of textile materials other than cotton or synthetic fibreses increased by 42% to 115 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a deep slump.
In value terms, imports of tents of textile materials other than cotton or synthetic fibreses skyrocketed to $476K in 2022. Over the period under review, imports, however, continue to indicate a precipitous shrinkage.
| Import of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 71.6 | 48.1 | 89.5 | 177 | 35.2% |
| China | 350 | 254 | 106 | 172 | -21.1% |
| United States | 46.6 | 24.2 | 181 | 49.5 | 2.0% |
| Colombia | 34.3 | 156 | 26.5 | 22.8 | -12.7% |
| Mexico | 0.4 | 319 | 9.4 | 13.3 | 221.6% |
| Hong Kong SAR | 4.7 | N/A | N/A | 9.9 | 28.2% |
| Indonesia | 234 | 2.5 | N/A | N/A | -98.9% |
| Pakistan | 157 | 78.4 | N/A | N/A | -50.1% |
| Others | 37.6 | 12.9 | 1.8 | 32.1 | -5.1% |
| Total | 937 | 894 | 413 | 476 | -20.2% |
Top Suppliers of Tents of Textile Materials Other than Cotton or Synthetic Fibres to Panama in 2022:
- China (69.0 tons)
- Free Zones (31.0 tons)
- United States (7.6 tons)
- Colombia (2.9 tons)
- Hong Kong SAR (1.8 tons)
- Mexico (0.7 tons)
Exports of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Panama
In 2022, after three years of growth, there was significant decline in overseas shipments of tents of textile materials other than cotton or synthetic fibreses, when their volume decreased by -84.1% to 4.7 tons. Overall, exports showed a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 232%. As a result, the exports attained the peak of 30 tons, and then declined remarkably in the following year.
In value terms, exports of tents of textile materials other than cotton or synthetic fibreses fell dramatically to $17K in 2022. Over the period under review, exports saw a mild contraction. The growth pace was the most rapid in 2021 when exports increased by 224%. As a result, the exports reached the peak of $119K, and then reduced markedly in the following year.
| Export of Tents of Textile Materials Other than Cotton or Synthetic Fibres in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jamaica | 3.7 | 13.8 | 6.4 | 3.1 | -5.7% |
| Guyana | 0.9 | 2.9 | 2.1 | 2.8 | 46.0% |
| Bahamas | N/A | 0.5 | N/A | 2.3 | 114.5% |
| Grenada | 0.8 | 0.3 | N/A | 2.0 | 35.7% |
| Trinidad and Tobago | 1.9 | 0.3 | 0.4 | 1.9 | 0.0% |
| Belize | 0.9 | 0.8 | 1.3 | 1.2 | 10.1% |
| Costa Rica | 0.7 | 1.3 | 0.4 | 0.5 | -10.6% |
| Barbados | 0.8 | 8.8 | 1.1 | 0.5 | -14.5% |
| Nicaragua | N/A | N/A | 60.0 | 0.1 | -99.8% |
| Paraguay | 0.7 | N/A | 14.9 | N/A | 361.4% |
| Suriname | 1.5 | 2.9 | 1.7 | N/A | 6.5% |
| Dominica | 0.4 | 0.5 | 21.6 | N/A | 634.8% |
| Aruba | 2.5 | 2.3 | 0.6 | N/A | -51.0% |
| Others | 3.0 | 2.5 | 9.0 | 3.0 | 0.0% |
| Total | 18.0 | 36.8 | 119 | 17.4 | -1.1% |
Top Export Markets for Tents of Textile Materials Other than Cotton or Synthetic Fibres from Panama in 2022:
- Guyana (1052.0 kg)
- Grenada (1042.0 kg)
- Jamaica (803.0 kg)
- Bahamas (689.0 kg)
- Belize (301.0 kg)
- Trinidad and Tobago (261.0 kg)
- Barbados (223.0 kg)
- Costa Rica (78.0 kg)
- Nicaragua (31.0 kg)
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