Price for Ethylene Polymers; Waste, Parings and Scrap in Panama - 2023

Contents:

1. Price for Ethylene Polymers; Waste, Parings and Scrap in Panama (FOB) - 2022
2. Price for Ethylene Polymers; Waste, Parings and Scrap in Panama (CIF) - 2022
3. Exports of Ethylene Polymers; Waste, Parings and Scrap in Panama
4. Imports of Ethylene Polymers; Waste, Parings and Scrap in Panama

Price for Ethylene Polymers; Waste, Parings and Scrap in Panama (FOB) - 2022

In 2022, the average export price for ethylene polymers; waste, parings and scraps amounted to $406 per ton, shrinking by -10.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 63%. As a result, the export price reached the peak level of $486 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($632 per ton), while the average price for exports to Colombia ($91 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+62.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ethylene Polymers; Waste, Parings and Scrap in Panama (CIF) - 2022

The average import price for ethylene polymers; waste, parings and scraps stood at $1,471 per ton in 2022, approximately equating the previous year. In general, the import price saw a prominent increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 112%. As a result, import price attained the peak level of $1,866 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Free Zones ($2,282 per ton), while the price for Nicaragua totaled $183 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by China (+36.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Ethylene Polymers; Waste, Parings and Scrap in Panama

In 2022, overseas shipments of ethylene polymers; waste, parings and scraps decreased by -19.6% to 1.5K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 59%.

In value terms, exports of ethylene polymers; waste, parings and scraps fell significantly to $596K in 2022. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 79%.

Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from Panama in 2022:

1. Costa Rica (1126.1 tons)
2. Honduras (139.0 tons)
3. Colombia (96.3 tons)
4. Nicaragua (82.9 tons)
5. Spain (24.9 tons)

Imports of Ethylene Polymers; Waste, Parings and Scrap in Panama

In 2022, approx. 54 tons of ethylene polymers; waste, parings and scraps were imported into Panama; picking up by 33% on 2021 figures. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of ethylene polymers; waste, parings and scraps soared to $80K in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to Panama in 2022:

1. Free Zones (33.2 tons)
2. Nicaragua (20.9 tons)

Source: IndexBox Market Intelligence Platform