Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama - 2024
Contents:
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama (CIF) - 2022
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama (FOB) - 2022
- Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama
- Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama (CIF) - 2022
In 2022, the average import price for cotton yarn (other than sewing thread), put up for retail sale amounted to $4,688 per ton, declining by -43.1% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 116%. The import price peaked at $10,509 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($12,016 per ton), while the price for China ($1,336 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama (FOB) - 2022
The average export price for cotton yarn (other than sewing thread), put up for retail sale stood at $8,498 per ton in 2022, surging by 47% against the previous year. In general, the export price continues to indicate a moderate expansion. The growth pace was the most rapid in 2018 an increase of 85%. As a result, the export price attained the peak level of $25,826 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
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 Guatemala ($12,465 per ton), while the average price for exports to Ecuador ($2,243 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 Guatemala (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama
In 2022, approx. 72 tons of cotton yarn (other than sewing thread), put up for retail sale were imported into Panama; waning by -6.6% on the year before. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. As a result, imports attained the peak of 78 tons, and then declined in the following year.
In value terms, imports of cotton yarn (other than sewing thread), put up for retail sale contracted notably to $339K in 2022. Over the period under review, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 47%. As a result, imports attained the peak of $638K, and then shrank remarkably in the following year.
| Import of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 41.0 | 88.3 | 175 | 94.5 | 32.1% |
| Mexico | 66.0 | 58.2 | 121 | 50.1 | -8.8% |
| Hong Kong SAR | 59.1 | 66.5 | 84.4 | 48.9 | -6.1% |
| China | 79.3 | 33.7 | 37.1 | 44.5 | -17.5% |
| France | 14.1 | 23.0 | 19.3 | 23.0 | 17.7% |
| Guatemala | 30.8 | 38.9 | 47.3 | 17.7 | -16.9% |
| Colombia | 147 | 79.2 | 61.6 | 17.7 | -50.6% |
| Free Zones | 35.5 | 10.5 | 49.6 | 13.0 | -28.5% |
| Taiwan (Chinese) | 16.8 | 17.4 | 20.2 | 10.7 | -14.0% |
| India | 20.0 | 5.9 | 7.2 | 9.6 | -21.7% |
| Others | 26.6 | 12.2 | 15.8 | 9.6 | -28.8% |
| Total | 536 | 434 | 638 | 339 | -14.2% |
Top Suppliers of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale to Panama in 2022:
- China (33.3 tons)
- Brazil (12.4 tons)
- Mexico (6.6 tons)
- Hong Kong SAR (4.1 tons)
- France (3.0 tons)
- Guatemala (2.8 tons)
- Colombia (2.7 tons)
- Free Zones (2.5 tons)
- Taiwan (Chinese) (1.7 tons)
- India (1.6 tons)
Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama
After two years of decline, shipments abroad of cotton yarn (other than sewing thread), put up for retail sale increased by 1,074% to 5.4 tons in 2022. Overall, exports, however, showed a sharp descent.
In value terms, exports of cotton yarn (other than sewing thread), put up for retail sale skyrocketed to $46K in 2022. Over the period under review, exports, however, faced a dramatic decline.
| Export of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 160 | 49.4 | 1.7 | 27.3 | -44.5% |
| Dominican Republic | 21.2 | 8.3 | 0.3 | 5.2 | -37.4% |
| Honduras | 15.4 | 5.3 | 0.2 | 3.6 | -38.4% |
| El Salvador | 12.1 | 3.8 | 0.1 | 2.2 | -43.3% |
| Nicaragua | 8.0 | 4.2 | 0.1 | 1.5 | -42.8% |
| Jamaica | 2.7 | 1.5 | 0.1 | 1.2 | -23.7% |
| Venezuela | 4.3 | 1.5 | 0.1 | 1.2 | -34.7% |
| Aruba | 2.6 | 0.5 | N/A | 1.1 | -24.9% |
| Trinidad and Tobago | 7.2 | 3.3 | N/A | 1.0 | -48.2% |
| Ecuador | 2.3 | 0.7 | N/A | 0.4 | -44.2% |
| Guatemala | 18.2 | 1.4 | N/A | 0.1 | -82.4% |
| Others | 57.9 | 9.1 | 0.1 | 1.0 | -74.2% |
| Total | 312 | 89.2 | 2.7 | 45.9 | -47.2% |
Top Export Markets for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale from Panama in 2022:
- Colombia (2317.0 kg)
- Dominican Republic (682.0 kg)
- Nicaragua (485.0 kg)
- Honduras (441.0 kg)
- El Salvador (286.0 kg)
- Aruba (218.0 kg)
- Trinidad and Tobago (215.0 kg)
- Jamaica (210.0 kg)
- Venezuela (208.0 kg)
- Ecuador (195.0 kg)
- Guatemala (11.0 kg)
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