Price for Woven Fabrics of Artificial Staple Fibres in Panama - 2023
Contents:
- Price for Woven Fabrics of Artificial Staple Fibres in Panama (CIF) - 2022
- Price for Woven Fabrics of Artificial Staple Fibres in Panama (FOB) - 2022
- Imports of Woven Fabrics of Artificial Staple Fibres in Panama
- Exports of Woven Fabrics of Artificial Staple Fibres in Panama
Price for Woven Fabrics of Artificial Staple Fibres in Panama (CIF) - 2022
In 2022, the average import price for woven fabrics of artificial staple fibres amounted to $4.9 per square meter, jumping by 39% against the previous year. In general, the import price, however, showed a deep downturn. The pace of growth was the most pronounced in 2019 an increase of 98% against the previous year. As a result, import price reached the peak level of $17 per square meter. From 2020 to 2022, the average import prices remained at a 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 the United States ($9 per square meter), while the price for Nicaragua ($1 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Woven Fabrics of Artificial Staple Fibres in Panama (FOB) - 2022
In 2022, the average export price for woven fabrics of artificial staple fibres amounted to $5.9 per square meter, reducing by -5.3% against the previous year. In general, the export price saw a noticeable downturn. The growth pace was the most rapid in 2020 when the average export price increased by 29%. Over the period under review, the average export prices attained the maximum at $9.1 per square meter in 2012; however, from 2013 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 ($19 per square meter), while the average price for exports to Saint Lucia ($1.2 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 Costa Rica (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Woven Fabrics of Artificial Staple Fibres in Panama
Imports of woven fabrics of artificial staple fibres into Panama dropped remarkably to 40K square meters in 2022, waning by -29.5% against the previous year's figure. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 144%. As a result, imports attained the peak of 56K square meters, and then fell markedly in the following year.
In value terms, imports of woven fabrics of artificial staple fibres dropped modestly to $194K in 2022. Overall, imports saw a dramatic slump. The pace of growth was the most pronounced in 2021 when imports increased by 1% against the previous year. Imports peaked at $442K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Woven Fabrics of Artificial Staple Fibres in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 52.8 | 12.3 | 51.6 | 69.7 | 9.7% |
| Free Zones | 11.3 | 13.3 | 56.8 | 43.6 | 56.8% |
| Hong Kong SAR | 57.3 | 13.1 | 18.6 | 16.0 | -34.6% |
| India | 53.0 | 5.3 | 8.3 | 8.8 | -45.0% |
| Spain | 28.9 | 14.6 | 12.7 | 7.7 | -35.7% |
| Japan | 12.4 | 4.4 | 6.5 | 5.0 | -26.1% |
| Taiwan (Chinese) | 10.2 | 6.2 | 6.2 | 4.8 | -22.2% |
| Peru | 11.5 | 6.2 | 5.7 | 4.1 | -29.1% |
| China | 8.1 | 4.7 | 4.7 | 3.7 | -23.0% |
| Belgium | 6.3 | 0.3 | 1.9 | 3.5 | -17.8% |
| Nicaragua | 2.6 | 1.8 | 2.1 | 1.9 | -9.9% |
| Brazil | 47.4 | 4.3 | 3.1 | 1.6 | -67.7% |
| United Arab Emirates | 94.3 | 64.1 | N/A | N/A | -32.0% |
| Others | 45.8 | 45.8 | 20.1 | 23.2 | -20.3% |
| Total | 442 | 196 | 198 | 194 | -24.0% |
Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Panama in 2022:
- Free Zones (9.6K square meters)
- United States (7.7K square meters)
- Hong Kong SAR (2.1K square meters)
- Peru (2.0K square meters)
- Nicaragua (1.9K square meters)
- India (1.2K square meters)
- Spain (0.9K square meters)
- Japan (0.9K square meters)
- Taiwan (Chinese) (0.7K square meters)
- China (0.6K square meters)
- Belgium (0.5K square meters)
- Brazil (0.3K square meters)
Exports of Woven Fabrics of Artificial Staple Fibres in Panama
In 2022, approx. 63K square meters of woven fabrics of artificial staple fibres were exported from Panama; dropping by -20.4% on the previous year. In general, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 69%. The exports peaked at 114K 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 artificial staple fibres fell sharply to $369K in 2022. Overall, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 97%. As a result, the exports reached the peak of $489K, and then contracted rapidly in the following year.
| Export of Woven Fabrics of Artificial Staple Fibres in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 83.1 | 68.8 | 127 | 80.8 | -0.9% |
| Suriname | 11.5 | 22.9 | 79.4 | 80.1 | 91.0% |
| Colombia | 11.3 | 2.8 | 68.2 | 43.3 | 56.5% |
| Ecuador | 58.4 | 45.3 | 19.4 | 27.1 | -22.6% |
| Peru | 11.9 | 16.2 | 36.0 | 22.9 | 24.4% |
| Guyana | 65.0 | 30.6 | 36.0 | 19.2 | -33.4% |
| Venezuela | 74.2 | 3.8 | 25.8 | 18.8 | -36.7% |
| El Salvador | 41.1 | 7.4 | 4.0 | 9.8 | -38.0% |
| Saint Lucia | 6.3 | 3.1 | 3.7 | 2.1 | -30.7% |
| Others | 108 | 47.5 | 89.4 | 64.9 | -15.6% |
| Total | 471 | 249 | 489 | 369 | -7.8% |
Top Export Markets for Woven Fabrics of Artificial Staple Fibres from Panama in 2022:
- Brazil (16.2K square meters)
- Guyana (14.7K square meters)
- Suriname (12.5K square meters)
- Colombia (4.5K square meters)
- Ecuador (3.1K square meters)
- Peru (2.0K square meters)
- Saint Lucia (1.7K square meters)
- El Salvador (1.3K square meters)
- Venezuela (1.0K square meters)
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