Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Panama - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Panama (CIF) - 2023
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Panama (FOB) - 2022
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Panama
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Panama
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Panama (CIF) - 2023
The average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $3,225 per ton in November 2023, which is down by -4.5% against the previous month. Over the period under review, the import price continues to indicate a pronounced downturn. The pace of growth was the most pronounced in April 2023 an increase of 22% against the previous month. Over the period under review, average import prices hit record highs at $5,044 per ton in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($6,378 per ton), while the price for Guatemala ($1,569 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Free Zones (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Panama (FOB) - 2022
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $2,430 per ton in 2022, with an increase of 22% against the previous year. In general, the export price, however, continues to indicate a drastic downturn. The export price peaked at $4,306 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($3,649 per ton), while the average price for exports to Venezuela ($2,055 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 Cuba (+1.4%), while the prices for the other major destinations experienced a decline.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Panama
In 2022, approx. 1.1K tons of adhesives; prepared, based on rubber or plastics (including artificial resins) were imported into Panama; shrinking by -2.8% compared with the previous year. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 9.1% against the previous year.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) soared to $4.7M in 2022. Over the period under review, imports recorded a slight downturn.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 1,688 | 961 | 1,721 | 1,863 | 3.3% |
| United States | 825 | 581 | 742 | 1,028 | 7.6% |
| Mexico | 617 | 554 | 461 | 550 | -3.8% |
| Spain | 465 | 202 | 208 | 255 | -18.1% |
| Free Zones | 229 | 350 | 155 | 186 | -6.7% |
| Guatemala | 71.9 | 31.4 | 35.0 | 164 | 31.6% |
| Colombia | 103 | 28.2 | 87.1 | 139 | 10.5% |
| Italy | 95.9 | 86.0 | 109 | 135 | 12.1% |
| China | 206 | 187 | 24.6 | 40.0 | -42.1% |
| Others | 598 | 669 | 393 | 366 | -15.1% |
| Total | 4,899 | 3,650 | 3,935 | 4,724 | -1.2% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Panama in 2022:
- Costa Rica (533.4 tons)
- United States (174.0 tons)
- Mexico (125.3 tons)
- Guatemala (84.5 tons)
- Spain (54.1 tons)
- Colombia (50.8 tons)
- Free Zones (39.4 tons)
- Italy (29.1 tons)
- China (14.6 tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Panama
In 2022, shipments abroad of adhesives; prepared, based on rubber or plastics (including artificial resins) increased by 297,873% to 110 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a dramatic downturn.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) soared to $268K in 2022. Over the period under review, exports, however, faced a precipitous decline.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 165 | 45.1 | N/A | 45.5 | -34.9% |
| Venezuela | 33.5 | 121 | N/A | 43.9 | 9.4% |
| Nicaragua | 38.2 | 98.7 | N/A | 35.7 | -2.2% |
| Dominican Republic | 56.5 | 65.2 | N/A | 23.6 | -25.2% |
| Costa Rica | 14.6 | 47.6 | N/A | 17.2 | 5.6% |
| Honduras | 73.6 | 13.1 | N/A | 14.8 | -41.4% |
| Trinidad and Tobago | 42.8 | 16.1 | N/A | 14.5 | -30.3% |
| Cuba | 32.8 | 15.4 | N/A | 7.8 | -38.0% |
| Jamaica | 39.7 | 2.9 | N/A | 7.3 | -43.1% |
| Brazil | 22.3 | 19.6 | N/A | 7.2 | -31.4% |
| Guyana | 29.8 | 4.8 | N/A | 6.7 | -39.2% |
| Chile | 25.0 | 14.3 | N/A | 6.3 | -36.8% |
| El Salvador | 6.0 | 14.0 | N/A | 5.1 | -5.3% |
| Others | 178 | 57.5 | N/A | 32.4 | -43.3% |
| Total | 758 | 536 | 0.1 | 268 | -29.3% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Panama in 2022:
- Venezuela (21.4 tons)
- Colombia (20.4 tons)
- Nicaragua (15.8 tons)
- Dominican Republic (11.4 tons)
- Trinidad and Tobago (6.5 tons)
- Honduras (6.4 tons)
- Costa Rica (4.7 tons)
- Cuba (3.7 tons)
- Jamaica (3.5 tons)
- Brazil (3.4 tons)
- Guyana (3.0 tons)
- Chile (3.0 tons)
- El Salvador (2.3 tons)
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in Panama.
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in Panama.
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This report provides an in-depth analysis of the global market for prepared glues and other prepared adhesives.
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
