Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Panama - 2023

Contents:

1. Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Panama (CIF) - 2022
2. Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Panama (FOB) - 2022
3. Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Panama
4. Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in Panama

Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Panama (CIF) - 2022

The average import price for wadding; other articles thereof, of man-made fibreses stood at $2,430 per ton in 2022, picking up by 83% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained 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 Honduras ($5,661 per ton), while the price for China ($1,297 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Panama (FOB) - 2022

In 2022, the average export price for wadding; other articles thereof, of man-made fibreses amounted to $9,480 per ton, therefore, remained relatively stable against the previous year. Overall, the export price enjoyed a temperate increase. The pace of growth was the most pronounced in 2013 an increase of 53% against the previous year. The export price peaked at $9,777 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to +0.4% per year.

Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Panama

Imports of wadding; other articles thereof, of man-made fibreses into Panama shrank dramatically to 68 tons in 2022, waning by -70.1% against the year before. Over the period under review, imports saw a dramatic decline. The smallest decline of -11.5% was in 2021.

In value terms, imports of wadding; other articles thereof, of man-made fibreses contracted significantly to $166K in 2022. In general, imports saw a significant decrease. The smallest decline of -33.6% was in 2020.

Top Suppliers of Wadding; Other Articles Thereof, of Man-Made Fibres to Panama in 2022:

1. China (32.5 tons)
2. United States (23.8 tons)
3. Honduras (5.7 tons)
4. Mexico (4.4 tons)
5. Free Zones (1.3 tons)

Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in Panama

For the third consecutive year, Panama recorded decline in overseas shipments of wadding; other articles thereof, of man-made fibreses, which decreased by 0% to 20 tons in 2022. In general, exports saw a sharp curtailment. The smallest decline of -5% was in 2020.

In value terms, exports of wadding; other articles thereof, of man-made fibreses stood at $189K in 2022. Overall, exports continue to indicate a sharp setback. The smallest decline of -6.7% was in 2020.

Top Export Markets for Wadding; Other Articles Thereof, of Man-Made Fibres from Panama in 2022:

1. United States (19.9 tons)

Source: IndexBox Market Intelligence Platform