Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Panama - 2024

Contents:

  1. Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Panama (CIF) - 2022
  2. Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Panama (FOB) - 2022
  3. Imports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Panama
  4. Exports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Panama

Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Panama (CIF) - 2022

In 2022, the average import price for woven fabrics of combed wool or of combed fine animal hair amounted to $23 per square meter, rising by 23% against the previous year. In general, the import price showed a strong increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 116%. The import price peaked at $26 per square meter in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($23 per square meter), while the price for Denmark amounted to $16 per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Panama (FOB) - 2022

The average export price for woven fabrics of combed wool or of combed fine animal hair stood at $4.7 per square meter in 2022, falling by -14.3% against the previous year. Over the period under review, the export price, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 an increase of 1,113% against the previous year. As a result, the export price reached the peak level of $5.5 per square meter, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($16 per square meter), while the average price for exports to Barbados ($0.1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+49.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Panama

In 2022, approx. 1.3K square meters of woven fabrics of combed wool or of combed fine animal hair were imported into Panama; rising by 19% against 2021 figures. In general, imports, however, recorded a deep reduction. The growth pace was the most rapid in 2021 with an increase of 205% against the previous year. Imports peaked at 2.1K square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of woven fabrics of combed wool or of combed fine animal hair skyrocketed to $31K in 2022. Overall, imports, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 123% against the previous year. Imports peaked at $32K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy17.94.517.230.519.4%
DenmarkN/AN/AN/A0.30%
United States12.24.23.70.2-74.6%
Spain2.1N/AN/AN/A0%
OthersN/A0.90.3N/A-66.7%
Total32.19.521.231.0-1.2%

Top Suppliers of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair to Panama in 2022:

  1. Italy (1312.0 square meters)
  2. Denmark (21.0 square meters)
  3. United States (7.0 square meters)

Exports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Panama

In 2022, shipments abroad of woven fabrics of combed wool or of combed fine animal hair was finally on the rise to reach 2K square meters after two years of decline. Over the period under review, exports, however, showed a dramatic slump. The exports peaked at 8.4K square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of woven fabrics of combed wool or of combed fine animal hair surged to $9.6K in 2022. In general, exports, however, faced a dramatic contraction. The growth pace was the most rapid in 2021 with an increase of 669%. The exports peaked at $41K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GuatemalaN/AN/A4.47.570.5%
EstoniaN/AN/AN/A1.30%
SwitzerlandN/AN/AN/A0.50%
Costa Rica0.1N/AN/A0.226.0%
BarbadosN/AN/AN/A0.10%
DominicaN/A0.3N/AN/A0%
Dominican Republic36.40.2N/AN/A-99.5%
ArubaN/A0.20.6N/A200.0%
Belize4.2N/AN/AN/A0%
Others0.4N/A0.9N/A50.0%
Total41.20.86.09.6-38.5%

Top Export Markets for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair from Panama in 2022:

  1. Barbados (1041.0 square meters)
  2. Guatemala (477.0 square meters)
  3. Costa Rica (319.0 square meters)
  4. Estonia (156.0 square meters)
  5. Switzerland (39.0 square meters)

Source: IndexBox Market Intelligence Platform

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