Price for Fibres; Synthetic Filament Tow, of Polypropylene in Panama - 2022

Contents:

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

Price for Fibres; Synthetic Filament Tow, of Polypropylene in Panama (CIF) - 2022

The average import price for fibres; synthetic filament tow, of polypropylene stood at $2,804 per ton in 2022, declining by -38% against the previous year. Over the period under review, the import price showed a perceptible slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 55%. As a result, import price reached the peak level of $18,000 per ton. From 2019 to 2022, the average 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 2014 to 2022, the rate of growth in terms of prices for the United States amounted to -18.4% per year.

Price for Fibres; Synthetic Filament Tow, of Polypropylene in Panama (FOB) - 2022

In 2022, the average export price for fibres; synthetic filament tow, of polypropylene amounted to $19,262 per ton, growing by 30% against the previous year. Overall, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of 31%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 +17.6% per year.

Imports of Fibres; Synthetic Filament Tow, of Polypropylene in Panama

In 2022, imports of fibres; synthetic filament tow, of polypropylene into Panama skyrocketed to 1.9 tons, picking up by 77% on the previous year's figure. Overall, imports showed a significant expansion. 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, of polypropylene expanded notably to $5.4K in 2022. Over the period under review, imports, however, saw a abrupt setback.

Top Suppliers of Fibres; Synthetic Filament Tow, of Polypropylene to Panama in 2022:

1. United States (1.9 tons)

Exports of Fibres; Synthetic Filament Tow, of Polypropylene in Panama

For the third year in a row, Panama recorded decline in shipments abroad of fibres; synthetic filament tow, of polypropylene, which decreased by -10.6% to 84 kg in 2022. Over the period under review, exports recorded a deep reduction.

In value terms, exports of fibres; synthetic filament tow, of polypropylene surged to $1.6K in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 16% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Fibres; Synthetic Filament Tow, of Polypropylene from Panama in 2022:

1. Costa Rica (84.0 kg)

Source: IndexBox Market Intelligence Platform