Price for Waste, Parings and Scrap, of Plastics in Panama - 2023

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Panama (FOB) - 2023
2. Price for Waste, Parings and Scrap, of Plastics in Panama (CIF) - 2022
3. Exports of Waste, Parings and Scrap, of Plastics in Panama
4. Imports of Waste, Parings and Scrap, of Plastics in Panama

Price for Waste, Parings and Scrap, of Plastics in Panama (FOB) - 2023

The average export price for waste, parings and scrap, of plasticses stood at $268 per ton in September 2023, which is down by -3.5% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 112% month-to-month. Over the period under review, the average export prices reached the peak figure at $722 per ton in May 2023; however, from June 2023 to September 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Costa Rica ($377 per ton), while the average price for exports to Malaysia ($50.0 per ton) was amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Waste, Parings and Scrap, of Plastics in Panama (CIF) - 2022

The average import price for waste, parings and scrap, of plasticses stood at $434 per ton in 2022, growing by 47% against the previous year. In general, the import price, however, continues to indicate a deep contraction. The import price peaked at $1,760 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Free Zones ($1,831 per ton), while the price for Nicaragua ($183 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 (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Waste, Parings and Scrap, of Plastics in Panama

After three years of growth, overseas shipments of waste, parings and scrap, of plasticses decreased by -33.4% to 4.2K tons in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 94%. As a result, the exports attained the peak of 6.4K tons, and then contracted sharply in the following year.

In value terms, exports of waste, parings and scrap, of plasticses declined dramatically to $1.5M in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. As a result, the exports attained the peak of $1.8M, and then shrank notably in the following year.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Panama in 2022:

1. Costa Rica (1346.7 tons)
2. El Salvador (493.0 tons)
3. United States (435.7 tons)
4. Colombia (433.3 tons)
5. Honduras (356.1 tons)
6. Peru (339.3 tons)
7. Canada (316.2 tons)
8. Nicaragua (128.8 tons)
9. Latvia (95.0 tons)
10. Dominican Republic (20.2 tons)

Imports of Waste, Parings and Scrap, of Plastics in Panama

After three years of growth, purchases abroad of waste, parings and scrap, of plasticses decreased by -48.5% to 800 tons in 2022. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 1,216% against the previous year.

In value terms, imports of waste, parings and scrap, of plasticses contracted dramatically to $347K in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 614% against the previous year.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Panama in 2022:

1. United States (640.7 tons)
2. Free Zones (79.8 tons)
3. Nicaragua (20.9 tons)
4. Ecuador (15.8 tons)
5. China (15.0 tons)

Source: IndexBox Market Intelligence Platform