Price for Wood; Statuettes and Other Ornaments of Wood in Panama - 2022
Contents:
- Price for Wood; Statuettes and Other Ornaments of Wood in Panama (CIF) - 2022
- Price for Wood; Statuettes and Other Ornaments of Wood in Panama (FOB) - 2022
- Imports of Wood; Statuettes and Other Ornaments of Wood in Panama
- Exports of Wood; Statuettes and Other Ornaments of Wood in Panama
Price for Wood; Statuettes and Other Ornaments of Wood in Panama (CIF) - 2022
In 2022, the average import price for wood; statuettes and other ornaments of wood amounted to $5,955 per ton, with an increase of 6.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2013 an increase of 32% against the previous year. Over the period under review, average import prices hit record highs at $6,409 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($9,047 per ton), while the price for Indonesia ($1,869 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wood; Statuettes and Other Ornaments of Wood in Panama (FOB) - 2022
In 2022, the average export price for wood; statuettes and other ornaments of wood amounted to $21,850 per ton, growing by 69% against the previous year. Over the period under review, the export price showed a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Aruba ($11,821 per ton), while the average price for exports to Ecuador ($7,818 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 (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wood; Statuettes and Other Ornaments of Wood in Panama
For the third consecutive year, Panama recorded decline in supplies from abroad of wood; statuettes and other ornaments of wood, which decreased by -7.8% to 114 tons in 2022. In general, imports showed a deep slump. The smallest decline of -3.9% was in 2021.
In value terms, imports of wood; statuettes and other ornaments of wood contracted to $680K in 2022. Overall, imports continue to indicate a perceptible curtailment. The smallest decline of -0.1% was in 2021.
| Import of Wood; Statuettes and Other Ornaments of Wood in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 499 | 527 | 127 | 395 | -7.5% |
| Free Zones | 74.3 | 71.2 | 205 | 94.5 | 8.3% |
| Brazil | 31.0 | 8.0 | 151 | 69.5 | 30.9% |
| United States | 50.0 | 14.4 | 103 | 47.3 | -1.8% |
| India | 50.2 | 8.8 | 3.8 | 21.3 | -24.9% |
| El Salvador | 15.2 | 8.7 | 36.6 | 16.9 | 3.6% |
| Indonesia | 6.4 | 6.3 | 18.9 | 8.7 | 10.8% |
| Others | 60.4 | 50.0 | 49.1 | 26.5 | -24.0% |
| Total | 787 | 695 | 694 | 680 | -4.8% |
Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Panama in 2022:
- China (64.9 tons)
- Brazil (15.3 tons)
- Free Zones (14.7 tons)
- United States (5.2 tons)
- Indonesia (4.6 tons)
- India (3.3 tons)
- El Salvador (2.6 tons)
Exports of Wood; Statuettes and Other Ornaments of Wood in Panama
In 2022, overseas shipments of wood; statuettes and other ornaments of wood decreased by -75.4% to 12 tons, falling for the second consecutive year after two years of growth. In general, exports faced a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of 89%. As a result, the exports attained the peak of 150 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of wood; statuettes and other ornaments of wood declined markedly to $253K in 2022. Overall, exports showed a significant curtailment. The growth pace was the most rapid in 2020 with an increase of 101% against the previous year. As a result, the exports attained the peak of $1.5M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Wood; Statuettes and Other Ornaments of Wood in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 39.2 | N/A | 1.4 | 59.1 | 14.7% |
| Aruba | 371 | 94.8 | 126 | 38.3 | -53.1% |
| Grenada | 1.1 | N/A | 1.0 | 4.4 | 58.7% |
| Trinidad and Tobago | 23.2 | 13.3 | 10.3 | 1.2 | -62.7% |
| Dominican Republic | 16.9 | N/A | N/A | N/A | 0% |
| Chile | 10.2 | 53.3 | 107 | N/A | 223.9% |
| Spain | 1.4 | 1.4 | 50.9 | N/A | 503.0% |
| Guatemala | 59.4 | 101 | 174 | N/A | 71.2% |
| United States | N/A | 1,118 | N/A | N/A | 0% |
| Jamaica | 79.8 | 48.5 | 20.5 | N/A | -49.3% |
| Others | 125 | 32.9 | 117 | 150 | 6.3% |
| Total | 727 | 1,463 | 608 | 253 | -29.7% |
Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from Panama in 2022:
- Ecuador (7.6 tons)
- Aruba (3.2 tons)
- Grenada (0.5 tons)
- Trinidad and Tobago (0.1 tons)
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