Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama - 2024
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama (CIF) - 2022
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama (FOB) - 2022
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama
- Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama (CIF) - 2022
In 2022, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $5,816 per ton, dropping by -2% against the previous year. Overall, the import price, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 99% against the previous year. As a result, import price attained the peak level of $5,934 per ton, and then reduced modestly in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Free Zones ($7,781 per ton), while the price for the United States ($5,552 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama (FOB) - 2022
The average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $1,905 per ton in 2022, dropping by -50.4% against the previous year. Over the period under review, the export price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 an increase of 113%. Over the period under review, the average export prices hit record highs at $3,844 per ton in 2021, and then contracted sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($2,594 per ton), while the average price for exports to Honduras ($930 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+4.8%), while the prices for the other major destinations experienced a decline.
Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama
In 2022, after two years of decline, there was significant growth in supplies from abroad of synthetic staple fibres, not carded, combed or otherwise processed for spinnings, when their volume increased by 25% to 26 tons. Overall, imports, however, faced a dramatic curtailment.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings soared to $150K in 2022. Over the period under review, imports, however, recorded a sharp decline.
| Import of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.4 | 7.3 | 1.8 | 51.1 | 46.1% |
| Mexico | 52.5 | N/A | 13.8 | 13.9 | -35.8% |
| Free Zones | 22.6 | 13.6 | 43.0 | 10.0 | -23.8% |
| Hong Kong SAR | 9.2 | 5.3 | 2.7 | N/A | -45.8% |
| Belgium | 0.7 | 5.8 | N/A | N/A | 728.6% |
| China | 112 | 40.3 | N/A | N/A | -64.0% |
| Others | 249 | 77.0 | 61.6 | 75.1 | -32.9% |
| Total | 462 | 149 | 123 | 150 | -31.3% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Panama in 2022:
- United States (9.2 tons)
- Mexico (2.4 tons)
- Free Zones (1.3 tons)
Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama
In 2022, shipments abroad of synthetic staple fibres, not carded, combed or otherwise processed for spinnings increased by 6,420% to 21 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a sharp reduction.
In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings skyrocketed to $41K in 2022. In general, exports, however, recorded a deep reduction.
| Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 14.1 | 27.6 | N/A | 11.9 | -5.5% |
| Dominican Republic | 3.2 | 10.9 | N/A | 4.7 | 13.7% |
| Chile | 6.2 | 10.3 | N/A | 4.4 | -10.8% |
| El Salvador | 10.2 | 7.7 | N/A | 3.7 | -28.7% |
| Costa Rica | 4.6 | 8.4 | N/A | 3.6 | -7.8% |
| Honduras | 0.9 | 7.8 | N/A | 3.4 | 55.7% |
| Nicaragua | 1.5 | 6.3 | N/A | 2.7 | 21.6% |
| Jamaica | 10.9 | 1.3 | N/A | 2.5 | -38.8% |
| Guyana | 2.3 | 5.6 | N/A | 2.4 | 1.4% |
| Paraguay | 4.7 | 5.5 | N/A | 2.4 | -20.1% |
| Guatemala | 1.6 | 4.6 | N/A | 2.0 | 7.7% |
| Colombia | 4.8 | 1.0 | N/A | 1.7 | -29.2% |
| Bahamas | 4.5 | 1.0 | N/A | 1.1 | -37.5% |
| Others | -13.7 | -88.6 | 1.3 | -5.9 | -24.5% |
| Total | 55.7 | 9.4 | 1.3 | 40.5 | -10.1% |
Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Panama in 2022:
- Venezuela (5.5 tons)
- Dominican Republic (5.0 tons)
- Honduras (3.6 tons)
- Chile (1.9 tons)
- Costa Rica (1.8 tons)
- El Salvador (1.6 tons)
- Nicaragua (1.1 tons)
- Jamaica (1.0 tons)
- Paraguay (1.0 tons)
- Guyana (0.9 tons)
- Guatemala (0.8 tons)
- Colombia (0.7 tons)
- Bahamas (0.5 tons)
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