Price for Used Pneumatic Tyres of Rubber in Panama - 2023

Contents:

1. Price for Used Pneumatic Tyres of Rubber in Panama (CIF) - 2022
2. Price for Used Pneumatic Tyres of Rubber in Panama (FOB) - 2022
3. Imports of Used Pneumatic Tyres of Rubber in Panama
4. Exports of Used Pneumatic Tyres of Rubber in Panama

Price for Used Pneumatic Tyres of Rubber in Panama (CIF) - 2022

In 2022, the average import price for used pneumatic tyres of rubbers amounted to $34 per unit, picking up by 40% against the previous year. Overall, the import price enjoyed a modest expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 87% against the previous year. Over the period under review, average import prices attained the maximum at $54 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($34 per unit) and Australia ($34 per unit), while the price for China ($34 per unit) and the UK ($34 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+48.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Used Pneumatic Tyres of Rubber in Panama (FOB) - 2022

The average export price for used pneumatic tyres of rubbers stood at $6.8 per unit in 2022, waning by -37.2% against the previous year. In general, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 10% against the previous year. As a result, the export price attained the peak level of $50 per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($6.9 per unit), while the average price for exports to Venezuela totaled $6.8 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saint Lucia (+1.1%), while the prices for the other major destinations experienced a decline.

Imports of Used Pneumatic Tyres of Rubber in Panama

For the third consecutive year, Panama recorded decline in purchases abroad of used pneumatic tyres of rubbers, which decreased by -18.8% to 65K units in 2022. In general, imports continue to indicate a precipitous descent. Imports peaked at 151K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, used pneumatic tyres of rubber imports rose markedly to $2.2M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Used Pneumatic Tyres of Rubber to Panama in 2022:

1. Netherlands (20.8K units)
2. Australia (8.6K units)
3. Belgium (7.5K units)
4. United States (7.3K units)
5. Poland (3.3K units)
6. Italy (3.2K units)
7. Germany (2.8K units)
8. United Kingdom (2.2K units)
9. Greece (2.0K units)
10. Slovakia (1.6K units)
11. Spain (1.6K units)
12. China (1.2K units)
13. India (1.1K units)

Exports of Used Pneumatic Tyres of Rubber in Panama

In 2022, overseas shipments of used pneumatic tyres of rubbers increased by 667% to 3.2K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a sharp decrease. The exports peaked at 7.4K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, used pneumatic tyres of rubber exports surged to $22K in 2022. In general, exports, however, recorded a significant curtailment. Over the period under review, the exports reached the maximum at $118K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Used Pneumatic Tyres of Rubber from Panama in 2022:

1. Venezuela (2.6K units)
2. Trinidad and Tobago (0.3K units)

Source: IndexBox Market Intelligence Platform