Price for Wool, Not Carded or Combed in Panama - 2023
Contents:
- Price for Wool, Not Carded or Combed in Panama (CIF) - 2022
- Price for Wool, Not Carded or Combed in Panama (FOB) - 2022
- Imports of Wool, Not Carded or Combed in Panama
- Exports of Wool, Not Carded or Combed in Panama
Price for Wool, Not Carded or Combed in Panama (CIF) - 2022
The average import price for wool, not carded or combed stood at $3,984 per ton in 2022, growing by 39% against the previous year. Overall, the import price, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2021 an increase of 71%. Over the period under review, average import prices reached the peak figure at $5,812 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 ($5,689 per ton), while the price for China amounted to $3,549 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (-3.0%), while the prices for the other major suppliers experienced a decline.
Price for Wool, Not Carded or Combed in Panama (FOB) - 2022
The average export price for wool, not carded or combed stood at $1,687 per ton in 2022, rising by 39% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of 47% against the previous year. Over the period under review, the average export prices attained the peak figure at $5,733 per ton in 2015; however, from 2016 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 Venezuela ($7,339 per ton), while the average price for exports to Ecuador ($996 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 (+1.5%), while the prices for the other major destinations experienced a decline.
Imports of Wool, Not Carded or Combed in Panama
In 2022, after two years of decline, there was significant growth in supplies from abroad of wool, not carded or combed, when their volume increased by 39% to 22 tons. Over the period under review, imports, however, continue to indicate a noticeable setback.
In value terms, wool, not carded or combed imports surged to $87K in 2022. In general, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wool, Not Carded or Combed in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.1 | 0.7 | 0.4 | 63.3 | 211.2% |
| Free Zones | 0.1 | 0.3 | 0.8 | 23.2 | 514.5% |
| Peru | 55.3 | 38.4 | 44.0 | N/A | -10.8% |
| Others | 0.4 | 0.1 | N/A | 0.9 | 31.0% |
| Total | 57.9 | 39.5 | 45.2 | 87.4 | 14.7% |
Top Suppliers of Wool, Not Carded or Combed to Panama in 2022:
- China (17.8 tons)
- Free Zones (4.1 tons)
Exports of Wool, Not Carded or Combed in Panama
After three years of growth, shipments abroad of wool, not carded or combed decreased by -13% to 19 tons in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 137% against the previous year.
In value terms, wool, not carded or combed exports surged to $31K in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 250%. As a result, the exports attained the peak of $37K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Wool, Not Carded or Combed in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 1.9 | 9.5 | 4.4 | 9.0 | 67.9% |
| Nicaragua | 3.4 | 2.5 | 2.2 | 4.5 | 9.8% |
| Ecuador | 0.7 | 1.6 | 0.9 | 2.1 | 44.2% |
| Guatemala | 1.1 | 0.8 | 0.8 | 1.5 | 10.9% |
| Costa Rica | 0.2 | 0.7 | 0.4 | 0.9 | 65.1% |
| El Salvador | 0.7 | 0.3 | 0.3 | 0.8 | 4.6% |
| Trinidad and Tobago | 0.4 | 0.7 | 0.4 | 0.7 | 20.5% |
| United Kingdom | N/A | N/A | 10.8 | N/A | 0% |
| Bolivia | N/A | 7.1 | N/A | N/A | 0% |
| Others | 2.1 | 13.4 | 5.7 | 11.8 | 77.8% |
| Total | 10.5 | 36.7 | 25.8 | 31.3 | 43.9% |
Top Export Markets for Wool, Not Carded or Combed from Panama in 2022:
- Dominican Republic (4.6 tons)
- Nicaragua (3.7 tons)
- Ecuador (2.1 tons)
- Guatemala (1.3 tons)
- Costa Rica (0.7 tons)
- El Salvador (0.5 tons)
- Trinidad and Tobago (0.4 tons)
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