Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Panama - 2022

Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Panama (CIF) - 2022

The average import price for wool, or fine or coarse animal hair; garnetted stock stood at $6,520 per ton in 2022, reducing by -3.6% against the previous year. Over the period under review, the import price showed a perceptible decrease. The pace of growth appeared the most rapid in 2014 an increase of 8.3%. Over the period under review, average import prices hit record highs at $8,860 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Free Zones ($8,667 per ton), while the price for the United States amounted to $6,476 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+11.3%).

Imports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Panama

In 2022, approx. 177 kg of wool, or fine or coarse animal hair; garnetted stock were imported into Panama; growing by 77% compared with 2021. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of wool, or fine or coarse animal hair; garnetted stock skyrocketed to $1.2K in 2022. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.