Waferboard Price in Panama - 2023

Contents:

1. Waferboard Price in Panama (CIF) - 2023
2. Waferboard Price in Panama (FOB) - 2022
3. Waferboard Imports in Panama
4. Waferboard Exports in Panama

Waferboard Price in Panama (CIF) - 2023

In July 2023, the average waferboard import price amounted to $787 per thousand cubic meters, falling by -5.7% against the previous month. Over the period under review, the import price continues to indicate a slight shrinkage. The pace of growth was the most pronounced in November 2022 an increase of 10% month-to-month. As a result, import price attained the peak level of $1.0 per cubic meter. From December 2022 to July 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Chile ($871 per thousand cubic meters), while the price for China ($456 per thousand cubic meters) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Ecuador (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Waferboard Price in Panama (FOB) - 2022

In 2022, the average waferboard export price amounted to $799 per cubic meter, which is down by -29.6% against the previous year. In general, the export price, however, showed a temperate expansion. The pace of growth was the most pronounced in 2020 an increase of 123%. The export price peaked at $1,134 per cubic meter in 2021, and then declined markedly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to +28.3% per year.

Waferboard Imports in Panama

In 2022, imports of waferboards into Panama declined to 30K cubic meters, reducing by -12.3% against the year before. Overall, imports, however, showed noticeable growth. The pace of growth appeared the most rapid in 2021 with an increase of 151%. As a result, imports attained the peak of 34K cubic meters, and then fell in the following year.

In value terms, waferboard imports rose rapidly to $16M in 2022. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 190%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Waferboard to Panama in 2022:

1. Ecuador (9.9K cubic meters)
2. Brazil (8.1K cubic meters)
3. Spain (6.6K cubic meters)
4. Chile (3.4K cubic meters)
5. Colombia (1.4K cubic meters)
6. Mexico (0.5K cubic meters)

Waferboard Exports in Panama

For the third consecutive year, Panama recorded decline in shipments abroad of waferboards, which decreased by -63.6% to 4 cubic meters in 2022. Overall, exports recorded a precipitous contraction. The exports peaked at 180 cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, waferboard exports contracted remarkably to $3.2K in 2022. Over the period under review, exports recorded a precipitous shrinkage. The smallest decline of -61.6% was in 2020. Over the period under review, the exports attained the peak figure at $87K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Waferboard from Panama in 2022:

1. Free Zones (4.0 cubic meters)

Source: IndexBox Market Intelligence Platform