Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Panama - 2024

Contents:

  1. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Panama (CIF) - 2022
  2. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Panama (FOB) - 2022
  3. Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Panama
  4. Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Panama

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Panama (CIF) - 2022

The average import price for textile fabrics; tyrecord of high tenacity yarn of polyesters stood at $10,726 per ton in 2022, rising by 131% against the previous year. In general, the import price saw a perceptible expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Free Zones.

From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to +1.0% per year.

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Panama (FOB) - 2022

The average export price for textile fabrics; tyrecord of high tenacity yarn of polyesters stood at $3,090 per ton in 2020, shrinking by -8.1% against the previous year. Over the period under review, the export price saw a noticeable contraction. The most prominent rate of growth was recorded in 2018 an increase of 9.1% against the previous year. Over the period under review, the average export prices hit record highs at $4,095 per ton in 2013; however, from 2014 to 2020, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2020, amid the top suppliers, the highest price was recorded for prices to Colombia ($3,096 per ton) and Jamaica ($3,094 per ton), while the average price for exports to Costa Rica ($3,087 per ton) and Paraguay ($3,087 per ton) were amongst the lowest.

From 2013 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-3.0%), while the prices for the other major destinations experienced a decline.

Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Panama

For the third year in a row, Panama recorded decline in supplies from abroad of textile fabrics; tyrecord of high tenacity yarn of polyesters, which decreased by -51.8% to 598 kg in 2022. Over the period under review, imports showed a sharp shrinkage.

In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of polyesters shrank significantly to $3.3K in 2022. Overall, imports saw a dramatic descent.

Import of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Free Zones5.82.35.83.3-17.1%
Peru23.2N/AN/AN/A0%
China47.211.9N/AN/A-74.8%
OthersN/AN/AN/AN/A0%
Total76.214.25.83.3-64.9%

Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester to Panama in 2022:

  1. Free Zones (598.0 kg)

Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Panama

In 2020, the amount of textile fabrics; tyrecord of high tenacity yarn of polyesters exported from Panama declined to 19 tons, falling by -13.2% on the previous year. Over the period under review, exports saw a deep downturn.

In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of polyesters shrank sharply to $59K in 2020. In general, exports recorded a dramatic setback.

Export of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Panama (Thousand USD)
COUNTRY20192020CAGR,
2019-2020
Costa Rica5.817.8206.9%
Venezuela1.010.6960.0%
Paraguay0.76.8871.4%
Bahamas2.84.560.7%
El Salvador13.52.7-80.0%
Trinidad and Tobago2.62.4-7.7%
Chile3.21.9-40.6%
Guyana3.21.6-50.0%
Curacao1.51.2-20.0%
Jamaica3.51.1-68.6%
Dominican Republic1.41.0-28.6%
Guatemala4.10.8-80.5%
Ecuador5.70.5-91.2%
Others25.26.2-75.4%
Total74.259.2-20.2%

Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester from Panama in 2022:

  1. Costa Rica (5.8 tons)
  2. Venezuela (3.4 tons)
  3. Paraguay (2.2 tons)
  4. Bahamas (1.4 tons)
  5. El Salvador (0.9 tons)
  6. Trinidad and Tobago (0.8 tons)
  7. Chile (0.6 tons)
  8. Guyana (0.5 tons)
  9. Jamaica (0.4 tons)
  10. Curacao (0.4 tons)
  11. Guatemala (0.3 tons)
  12. Dominican Republic (0.3 tons)
  13. Ecuador (0.2 tons)

Source: IndexBox Market Intelligence Platform

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