Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Panama - 2023

Contents:

1. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Panama (CIF) - 2022
2. Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Panama (FOB) - 2022
3. Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Panama
4. Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Panama

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Panama (CIF) - 2022

The average import price for twine, cordage or rope; knotted netting, of other than man-made textileses stood at $6,206 per ton in 2022, increasing by 5.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 21%. As a result, import price reached the peak level of $7,475 per ton. From 2014 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 the United States ($19,143 per ton), while the price for China ($2,639 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+13.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Panama (FOB) - 2022

In 2022, the average export price for twine, cordage or rope; knotted netting, of other than man-made textileses amounted to $4,698 per ton, jumping by 55% against the previous year. Overall, the export price recorded pronounced growth. The export price peaked at $7,236 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($8,946 per ton), while the average price for exports to Barbados ($1,132 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 Guyana (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Panama

In 2022, the amount of twine, cordage or rope; knotted netting, of other than man-made textileses imported into Panama shrank markedly to 198 tons, dropping by -27.1% compared with the previous year. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. As a result, imports reached the peak of 272 tons, and then shrank sharply in the following year.

In value terms, imports of twine, cordage or rope; knotted netting, of other than man-made textileses dropped notably to $1.2M in 2022. Overall, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 33% against the previous year.

Top Suppliers of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles to Panama in 2022:

1. Free Zones (148.1 tons)
2. Ecuador (16.7 tons)
3. United States (7.1 tons)
4. China (7.0 tons)
5. Nicaragua (7.0 tons)
6. Brazil (4.0 tons)
7. India (3.9 tons)

Exports of Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles in Panama

In 2022, exports of twine, cordage or rope; knotted netting, of other than man-made textileses from Panama contracted notably to 1.3 tons, falling by -95% on the previous year. In general, exports faced a sharp decline. The pace of growth was the most pronounced in 2021 with an increase of 1,136%. As a result, the exports reached the peak of 27 tons, and then contracted sharply in the following year.

In value terms, exports of twine, cordage or rope; knotted netting, of other than man-made textileses shrank notably to $6.3K in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 899% against the previous year. As a result, the exports attained the peak of $82K, and then reduced notably in the following year.

Top Export Markets for Twine, Cordage or Rope; Knotted Netting, of Other than Man-Made Textiles from Panama in 2022:

1. Grenada (512.0 kg)
2. Aruba (222.0 kg)
3. Barbados (152.0 kg)
4. Jamaica (127.0 kg)
5. Belize (117.0 kg)
6. Costa Rica (92.0 kg)
7. Guyana (57.0 kg)

Source: IndexBox Market Intelligence Platform