Price for Inner Tubes, of Rubber in Panama - 2023

Contents:

1. Price for Inner Tubes, of Rubber in Panama (CIF) - 2022
2. Price for Inner Tubes, of Rubber in Panama (FOB) - 2022
3. Imports of Inner Tubes, of Rubber in Panama
4. Exports of Inner Tubes, of Rubber in Panama

Price for Inner Tubes, of Rubber in Panama (CIF) - 2022

In 2022, the average inner tubes, of rubber import price amounted to $4 per unit, rising by 71% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, inner tubes, of rubber import price increased by +139.2% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($7.1 per unit), while the price for Free Zones ($1.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Inner Tubes, of Rubber in Panama (FOB) - 2022

In 2022, the average inner tubes, of rubber export price amounted to $1.7 per unit, stabilizing at the previous year. Over the period under review, the export price recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 27% against the previous year. The export price peaked at $3.5 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($3.6 per unit), while the average price for exports to Venezuela ($1.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inner Tubes, of Rubber in Panama

In 2022, approx. 225K units of inner tubes, of rubbers were imported into Panama; waning by -46.7% on the previous year's figure. Over the period under review, imports recorded a dramatic contraction. The smallest decline of -23.6% was in 2020. Over the period under review, imports reached the peak figure at 960K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, inner tubes, of rubber imports declined to $902K in 2022. In general, imports continue to indicate a precipitous setback. Over the period under review, imports hit record highs at $2.2M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Inner Tubes, of Rubber to Panama in 2022:

1. China (95.1K units)
2. Free Zones (71.7K units)
3. India (41.0K units)
4. South Korea (13.2K units)

Exports of Inner Tubes, of Rubber in Panama

In 2022, shipments abroad of inner tubes, of rubbers decreased by 0% to 564K units, falling for the second consecutive year after two years of growth. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 18% against the previous year. As a result, the exports attained the peak of 1.1M units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, inner tubes, of rubber exports amounted to $978K in 2022. Over the period under review, exports recorded a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by 14% against the previous year. As a result, the exports attained the peak of $2M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Inner Tubes, of Rubber from Panama in 2022:

1. Nicaragua (198.2K units)
2. Guyana (45.7K units)
3. Haiti (45.5K units)
4. Venezuela (43.7K units)
5. Colombia (36.6K units)
6. Cuba (33.9K units)
7. Belize (33.3K units)
8. Trinidad and Tobago (21.2K units)
9. Jamaica (10.3K units)
10. Curacao (9.1K units)
11. Costa Rica (8.3K units)

Source: IndexBox Market Intelligence Platform