Price for Wood; Shingles and Shakes in Panama - 2023
Contents:
- Price for Wood; Shingles and Shakes in Panama (CIF) - 2022
- Price for Wood; Shingles and Shakes in Panama (FOB) - 2022
- Imports of Wood; Shingles and Shakes in Panama
- Exports of Wood; Shingles and Shakes in Panama
Price for Wood; Shingles and Shakes in Panama (CIF) - 2022
The average wood; shingles and shakes import price stood at $1,847 per ton in 2022, waning by -10.9% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 an increase of 63% against the previous year. Over the period under review, average import prices hit record highs at $4,215 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 China ($4,289 per ton), while the price for Colombia ($750 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced a decline.
Price for Wood; Shingles and Shakes in Panama (FOB) - 2022
In 2022, the average wood; shingles and shakes export price amounted to $2,525 per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 23%. Over the period under review, the average export prices hit record highs at $5,559 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Grenada ($4,960 per ton), while the average price for exports to El Salvador ($619 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 Grenada (+0.0%), while the prices for the other major destinations experienced a decline.
Imports of Wood; Shingles and Shakes in Panama
In 2022, the amount of wood; shingles and shakeses imported into Panama skyrocketed to 44 tons, rising by 43% against the previous year. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, wood; shingles and shakes imports soared to $82K in 2022. Overall, imports, however, continue to indicate a deep contraction.
| Import of Wood; Shingles and Shakes in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 16.1 | 13.7 | 11.4 | 37.5 | 32.6% |
| Guyana | 0.9 | 0.5 | 0.3 | 23.4 | 196.2% |
| China | 23.7 | 20.1 | 18.0 | 18.9 | -7.3% |
| Colombia | 2.9 | 3.3 | 6.1 | 2.3 | -7.4% |
| Ecuador | 7.3 | 4.6 | 2.6 | N/A | -40.3% |
| Spain | 45.4 | N/A | N/A | N/A | 0% |
| United States | 1.7 | 34.2 | 24.2 | N/A | 277.3% |
| Costa Rica | 17.9 | 5.1 | 0.6 | N/A | -81.7% |
| Others | 0.6 | 0.4 | 1.1 | N/A | 35.4% |
| Total | 117 | 81.9 | 64.2 | 82.0 | -11.2% |
Top Suppliers of Wood; Shingles and Shakes to Panama in 2022:
- Guyana (24.5 tons)
- Canada (12.5 tons)
- China (4.4 tons)
- Colombia (3.0 tons)
Exports of Wood; Shingles and Shakes in Panama
After three years of growth, overseas shipments of wood; shingles and shakeses decreased by -0.2% to 15 tons in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 1,153% against the previous year.
In value terms, wood; shingles and shakes exports fell slightly to $38K in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 629%.
| Export of Wood; Shingles and Shakes in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 1.9 | 20.0 | 19.5 | 18.9 | 115.1% |
| Trinidad and Tobago | 0.9 | 5.5 | 6.0 | 6.5 | 93.3% |
| Grenada | 0.5 | 3.2 | 3.7 | 4.3 | 104.9% |
| El Salvador | 0.3 | 1.3 | 1.1 | 1.0 | 49.4% |
| Brazil | 0.2 | 0.9 | 0.9 | 0.9 | 65.1% |
| Venezuela | 0.1 | 0.6 | 0.5 | 0.4 | 58.7% |
| Others | 1.3 | 6.1 | 5.9 | 5.5 | 61.7% |
| Total | 5.1 | 37.5 | 37.7 | 37.6 | 94.6% |
Top Export Markets for Wood; Shingles and Shakes from Panama in 2022:
- Costa Rica (8.7 tons)
- Trinidad and Tobago (1.7 tons)
- El Salvador (1.6 tons)
- Grenada (0.9 tons)
- Venezuela (0.4 tons)
- Brazil (0.2 tons)
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