Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Panama - 2023

Contents:

  1. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Panama (CIF) - 2022
  2. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Panama (FOB) - 2022
  3. Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Panama
  4. Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Panama

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Panama (CIF) - 2022

In 2022, the average import price for textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses amounted to $11,438 per ton, growing by 25% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 55%. Over the period under review, average import prices hit record highs at $12,220 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Free Zones.

From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to +6.4% per year.

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Panama (FOB) - 2022

The average export price for textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses stood at $5,224 per ton in 2022, flattening at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 13%. The export price peaked at $6,002 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bahamas ($5,406 per ton) and El Salvador ($5,342 per ton), while the average price for exports to Guyana ($4,915 per ton) and Costa Rica ($4,923 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 Curacao (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Panama

For the third consecutive year, Panama recorded decline in overseas purchases of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses, which decreased by -69.2% to 32 kg in 2022. In general, imports showed a precipitous shrinkage.

In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses fell significantly to $366 in 2022. Over the period under review, imports recorded a sharp descent.

Import of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Free Zones0.50.60.10.4-7.2%
China8.40.30.1N/A-89.1%
United States5.01.90.4N/A-71.7%
Poland1.3N/AN/AN/A0%
OthersN/AN/A0.3N/A0%
Total15.22.81.00.4-70.3%

Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides to Panama in 2022:

  1. Free Zones (32.0 kg)

Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Panama

In 2022, shipments abroad of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses decreased by 0% to 2.5 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by 57%. As a result, the exports reached the peak of 5.1 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses stood at $13K in 2022. Overall, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 37% against the previous year. As a result, the exports reached the peak of $27K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bahamas9.54.4N/A4.1-24.4%
Costa Rica0.84.1N/A1.933.4%
El Salvador2.01.5N/A1.0-20.6%
Curacao0.62.0N/A0.914.5%
Colombia1.01.9N/A0.9-3.5%
Ecuador0.21.9N/A0.965.1%
Jamaica0.40.9N/A0.614.5%
Dominican Republic0.61.3N/A0.60.0%
Barbados0.41.2N/A0.57.7%
Guyana0.10.6N/A0.344.2%
Trinidad and Tobago0.20.6N/A0.314.5%
Paraguay0.30.6N/A0.30.0%
Brazil0.40.5N/A0.2-20.6%
Others2.95.1N/A0.7-37.7%
Total19.526.6N/A13.3-12.0%

Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides from Panama in 2022:

  1. Bahamas (759.0 kg)
  2. Costa Rica (391.0 kg)
  3. Curacao (191.0 kg)
  4. El Salvador (187.0 kg)
  5. Ecuador (185.0 kg)
  6. Colombia (179.0 kg)
  7. Dominican Republic (129.0 kg)
  8. Jamaica (111.0 kg)
  9. Barbados (111.0 kg)
  10. Guyana (59.0 kg)
  11. Paraguay (58.0 kg)
  12. Trinidad and Tobago (57.0 kg)
  13. Brazil (31.0 kg)

Source: IndexBox Market Intelligence Platform

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