Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Panama - 2024
Contents:
- Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Panama (CIF) - 2022
- Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Panama (FOB) - 2022
- Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Panama
- Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Panama
Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Panama (CIF) - 2022
The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $9,673 per ton in 2022, which is down by -12.4% against the previous year. Over the period under review, the import price, however, saw a prominent increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 46% against the previous year. Over the period under review, average import prices hit record highs at $11,046 per ton in 2021, and then reduced 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 Germany ($19,687 per ton), while the price for China ($6,916 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Panama (FOB) - 2022
The average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $1,339 per ton in 2022, waning by -44.3% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 1,318% against the previous year. As a result, the export price attained the peak level of $12,299 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Colombia ($3,162 per ton) and the United States ($2,846 per ton), while the average price for exports to Nicaragua ($2,564 per ton) and Honduras ($2,632 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+1.7%), while the prices for the other major destinations experienced a decline.
Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Panama
In 2022, approx. 30 tons of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips were imported into Panama; rising by 25% on the previous year's figure. In general, imports, however, showed a pronounced downturn.
In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips expanded remarkably to $291K in 2022. Overall, imports, however, continue to indicate a noticeable shrinkage.
| Import of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 104 | 65.9 | 152 | 142 | 10.9% |
| Free Zones | 109 | 47.6 | 47.6 | 59.2 | -18.4% |
| Argentina | N/A | N/A | 3.1 | 30.7 | 890.3% |
| Spain | N/A | N/A | 10.3 | 20.6 | 100.0% |
| Brazil | 42.9 | 1.6 | 3.6 | 16.4 | -27.4% |
| China | 27.1 | 12.7 | 9.6 | 7.4 | -35.1% |
| Canada | 1.3 | N/A | 18.8 | 5.0 | 56.7% |
| Belgium | 6.9 | N/A | 6.9 | 5.0 | -10.2% |
| Germany | 18.1 | 15.0 | 13.4 | 2.3 | -49.7% |
| South Korea | 5.8 | 10.0 | N/A | N/A | 72.4% |
| Hong Kong SAR | N/A | 17.5 | N/A | N/A | 0% |
| Poland | N/A | 64.4 | N/A | N/A | 0% |
| Thailand | 19.7 | 26.3 | N/A | N/A | 33.5% |
| Others | 1.3 | 6.1 | N/A | 1.9 | 13.5% |
| Total | 337 | 267 | 266 | 291 | -4.8% |
Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Panama in 2022:
- United States (12.2 tons)
- Free Zones (5.3 tons)
- Argentina (3.0 tons)
- Brazil (2.2 tons)
- Spain (2.0 tons)
- China (1.1 tons)
- Belgium (0.5 tons)
- Canada (0.4 tons)
- Germany (0.1 tons)
Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Panama
In 2022, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips from Panama contracted remarkably to 2.5 tons, with a decrease of -64.5% on 2021 figures. In general, exports showed a sharp decline. The pace of growth was the most pronounced in 2021 when exports increased by 123%. As a result, the exports reached the peak of 7 tons, and then contracted rapidly in the following year.
In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips declined remarkably to $3.3K in 2022. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 710%. As a result, the exports attained the peak of $39K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 119 | 34.5 | N/A | 23.3 | -41.9% |
| Nicaragua | 1.1 | 35.2 | N/A | 12.3 | 123.6% |
| Honduras | 27.3 | 13.3 | N/A | 6.2 | -39.0% |
| United States | 10.5 | 0.2 | N/A | 2.4 | -38.9% |
| El Salvador | 8.9 | 2.0 | N/A | 1.7 | -42.4% |
| Venezuela | 8.8 | 3.7 | N/A | N/A | -58.0% |
| Others | -170.4 | -50.4 | 16.8 | -42.5 | -37.1% |
| Total | 4.8 | 38.5 | 16.8 | 3.3 | -11.7% |
Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Panama in 2022:
- Colombia (7.4 tons)
- Nicaragua (4.8 tons)
- Honduras (2.3 tons)
- United States (0.8 tons)
- El Salvador (0.6 tons)
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