Panama: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in Panama

The Panamanian artificial filament tow market shrank dramatically to $X in 2023, falling by X% against the previous year. In general, consumption continues to indicate a sharp reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Artificial Filament Tow Production in Panama

In value terms, artificial filament tow production amounted to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume decreased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

Artificial Filament Tow Exports

Exports from Panama

In 2023, exports of artificial filament tow from Panama skyrocketed to X kg, with an increase of X% on the previous year. In general, exports, however, recorded a precipitous decline. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2023, the growth of the exports failed to regain momentum.

In value terms, artificial filament tow exports skyrocketed to $X in 2023. Overall, exports, however, faced a dramatic setback. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria (X kg), Venezuela (X kg) and the Dominican Republic (X kg) were the main destinations of artificial filament tow exports from Panama, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Venezuela (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X) remains the key foreign market for artificial filament tow exports from Panama, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports. It was followed by the Dominican Republic, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Venezuela stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

The average artificial filament tow export price stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (X%), while the prices for the other major destinations experienced a decline.

Artificial Filament Tow Imports

Imports into Panama

In 2023, artificial filament tow imports into Panama declined dramatically to X tons, which is down by X% against 2022 figures. In general, imports showed a dramatic setback. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, artificial filament tow imports fell sharply to $X in 2023. Overall, imports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) was the main artificial filament tow supplier to Panama, accounting for a X% share of total imports. It was followed by South Korea (X kg), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of artificial filament tow to Panama, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from China stood at X%.

Import Prices by Country

In 2023, the average artificial filament tow import price amounted to $X per ton, flattening at the previous year. Over the period under review, the import price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform