Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Panama - 2022

Contents:

1. Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Panama (CIF) - 2022
2. Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Panama (FOB) - 2022
3. Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Panama
4. Exports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Panama

Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Panama (CIF) - 2022

In 2022, the average import price for fibres; synthetic filament tow, acrylic or modacrylics amounted to $2,496 per ton, stabilizing at the previous year. Overall, the import price, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the maximum at $3,085 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to -8.1% per year.

Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Panama (FOB) - 2022

In 2022, the average export price for fibres; synthetic filament tow, acrylic or modacrylics amounted to $2,250 per ton, declining by -5.9% against the previous year. Over the period under review, the export price saw a noticeable decrease. The pace of growth appeared the most rapid in 2018 an increase of 28% against the previous year. The export price peaked at $2,957 per ton in 2012; however, from 2013 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 Cuba.

From 2012 to 2022, the rate of growth in terms of prices for Cuba amounted to +4.1% per year.

Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Panama

Imports of fibres; synthetic filament tow, acrylic or modacrylics into Panama skyrocketed to 29 tons in 2022, rising by 20% compared with the year before. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of fibres; synthetic filament tow, acrylic or modacrylics soared to $71K in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +72.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic to Panama in 2022:

1. United States (28.5 tons)

Exports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Panama

For the third consecutive year, Panama recorded decline in overseas shipments of fibres; synthetic filament tow, acrylic or modacrylics, which decreased by -11% to 7.1 tons in 2022. Over the period under review, exports saw a deep downturn.

In value terms, exports of fibres; synthetic filament tow, acrylic or modacrylics plummeted to $16K in 2022. In general, exports showed a deep reduction. The smallest decline of -16.3% was in 2021.

Top Export Markets for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic from Panama in 2022:

1. Cuba (7.1 tons)

Source: IndexBox Market Intelligence Platform