Flax Yarn Price in Panama - 2023

Contents:

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

Flax Yarn Price in Panama (CIF) - 2022

The average flax yarn import price stood at $1,407 per ton in 2022, declining by -89.6% against the previous year. In general, the import price, however, recorded significant growth. The most prominent rate of growth was recorded in 2015 an increase of 2,515% against the previous year. The import price peaked at $13,467 per ton in 2021, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($4,000 per ton), while the price for Germany amounted to $1,236 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.4%).

Flax Yarn Price in Panama (FOB) - 2022

The average flax yarn export price stood at $22,251 per ton in 2022, stabilizing at the previous year. Over the period under review, the export price continues to indicate strong growth. The pace of growth appeared the most rapid in 2017 an increase of 185%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($23,208 per ton), while the average price for exports to Venezuela amounted to $22,190 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+15.0%), while the prices for the other major destinations experienced mixed trend patterns.

Flax Yarn Imports in Panama

In 2022, supplies from abroad of flax yarns was finally on the rise to reach 4.1 tons after two years of decline. In general, imports continue to indicate pronounced growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, flax yarn imports soared to $5.8K in 2022. Over the period under review, imports, however, faced a sharp decrease.

Top Suppliers of Flax Yarn to Panama in 2022:

1. Germany (3.9 tons)
2. United States (0.2 tons)

Flax Yarn Exports in Panama

For the third consecutive year, Panama recorded decline in shipments abroad of flax yarns, which decreased by 0% to 398 kg in 2022. In general, exports showed a sharp downturn. The smallest decline of -24.4% was in 2020.

In value terms, flax yarn exports totaled $8.9K in 2022. Overall, exports continue to indicate a sharp descent. The smallest decline of -10.9% was in 2020.

Top Export Markets for Flax Yarn from Panama in 2022:

1. Venezuela (374.0 kg)
2. Nicaragua (24.0 kg)

Source: IndexBox Market Intelligence Platform