Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Panama - 2024

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Panama (CIF) - 2024
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Panama (FOB) - 2022
3. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Panama
4. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Panama

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Panama (CIF) - 2024

In April 2024, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $1.5 per square meter, which is down by -6.3% against the previous month. Over the period under review, the import price recorded a slight decrease. The growth pace was the most rapid in October 2023 when the average import price increased by 39% m-o-m. As a result, import price reached the peak level of $2.6 per square meter. From November 2023 to April 2024, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was Costa Rica ($2.3 per square meter), while the price for China amounted to $1.4 per square meter.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Colombia (+0.5%), while the prices for the other major suppliers experienced a decline.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Panama (FOB) - 2022

The average export price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.4 per square meter in 2022, with an increase of 15% against the previous year. In general, the export price, however, showed a mild downturn. The pace of growth appeared the most rapid in 2020 an increase of 54%. The export price peaked at $0.7 per square meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Costa Rica.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to -9.1% per year.

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Panama

In 2022, after three years of growth, there was significant decline in purchases abroad of fabrics, woven; from strip or the like, of synthetic textile materialses, when their volume decreased by -49.1% to 11M square meters. Over the period under review, imports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2020 with an increase of 69% against the previous year. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses reached the peak figure at 21M square meters in 2021, and then shrank notably in the following year.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses shrank dramatically to $2.9M in 2022. In general, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 84%. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses hit record highs at $6.3M in 2021, and then contracted remarkably in the following year.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Panama in 2022:

1. China (10.3M square meters)
2. Costa Rica (0.3M square meters)

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Panama

After three years of growth, shipments abroad of fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -38.1% to 3.8M square meters in 2022. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,663%. Over the period under review, the exports of fabrics, woven; from strip or like, of synthetic textile materialses attained the maximum at 6.2M square meters in 2021, and then declined markedly in the following year.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses dropped notably to $1.6M in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,611% against the previous year. The exports peaked at $2.3M in 2021, and then reduced remarkably in the following year.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Panama in 2022:

1. Costa Rica (3.8M square meters)

Source: IndexBox Market Intelligence Platform