Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Panama - 2024

Contents:

  1. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Panama (CIF) - 2022
  2. Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Panama (FOB) - 2022
  3. Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Panama
  4. Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Panama

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Panama (CIF) - 2022

In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $2,545 per ton, declining by -69% against the previous year. In general, the import price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2021 an increase of 126%. As a result, import price attained the peak level of $8,213 per ton, and then declined significantly in the following year.

As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +19.6% per year.

Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Panama (FOB) - 2022

In 2022, the average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $33,300 per ton, with an increase of 813% against the previous year. Over the period under review, the export price showed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to +29.7% per year.

Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Panama

In 2022, overseas purchases of synthetic staple fibres, carded, combed or otherwise processed for spinnings were finally on the rise to reach 9.7 tons after two years of decline. In general, imports, however, faced a dramatic curtailment.

In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings surged to $25K in 2022. Over the period under review, imports, however, showed a sharp decrease.

Import of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)N/AN/AN/A24.60%
China11.913.80.9N/A-72.5%
United States73.04.14.1N/A-76.3%
Others1.90.5N/AN/A-73.7%
Total86.818.55.124.6-34.3%

Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Panama in 2022:

  1. Taiwan (Chinese) (9.7 tons)

Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Panama

In 2022, overseas shipments of synthetic staple fibres, carded, combed or otherwise processed for spinnings decreased by -99.9% to 10 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports faced a dramatic downturn.

In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings declined sharply to $333 in 2022. Overall, exports continue to indicate a sharp contraction.

Export of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GuatemalaN/AN/A67.80.3-99.6%
Ecuador3.4N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total3.4N/A67.90.3-55.5%

Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Panama in 2022:

  1. Guatemala (10.0 kg)

Source: IndexBox Market Intelligence Platform

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