Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Panama - 2024
Contents:
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Panama (FOB) - 2022
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Panama (CIF) - 2022
- Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Panama
- Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Panama
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Panama (FOB) - 2022
The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $1,252 per ton in 2022, falling by -5.5% against the previous year. In general, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2015 an increase of 9.4%. As a result, the export price reached the peak level of $1,680 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Venezuela.
From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to -2.7% per year.
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Panama (CIF) - 2022
In 2022, the average import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses amounted to $5,277 per ton, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 61%. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($15,500 per ton), while the price for China totaled $3,711 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.0%).
Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Panama
In 2022, approx. 4 tons of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses were exported from Panama; increasing by 11% compared with 2021 figures. The total export volume increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses expanded slightly to $5K in 2022. The total export value increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 4.8% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 4.3 | 4.5 | 4.7 | 5.0 | 5.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.3 | 4.5 | 4.7 | 5.0 | 5.2% |
Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres from Panama in 2022:
- Venezuela (4.0 tons)
Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Panama
For the third consecutive year, Panama recorded decline in overseas purchases of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses, which decreased by -41.3% to 202 kg in 2022. In general, imports saw a sharp curtailment.
In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses contracted markedly to $1.1K in 2022. Overall, imports saw a significant curtailment. The smallest decline of -23.3% was in 2021.
| Import of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.6 | 1.4 | 1.2 | 0.7 | -24.1% |
| United States | 1.5 | 1.0 | 0.6 | 0.2 | -48.9% |
| Others | N/A | N/A | N/A | 0.2 | 0% |
| Total | 3.1 | 2.4 | 1.8 | 1.1 | -29.2% |
Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres to Panama in 2022:
- China (187.0 kg)
- United States (12.0 kg)
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