Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Panama - 2023

Contents:

1. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Panama (CIF) - 2022
2. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Panama (FOB) - 2022
3. Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Panama
4. Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Panama

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Panama (CIF) - 2022

In 2022, the average import price for felt; whether or not impregnated, coated, covered or laminateds amounted to $1,924 per ton, surging by 15% against the previous year. In general, the import price, however, recorded a abrupt slump. The import price peaked at $3,238 per ton in 2012; however, from 2013 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 ($4,748 per ton), while the price for Guatemala ($966 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Panama (FOB) - 2022

In 2022, the average export price for felt; whether or not impregnated, coated, covered or laminateds amounted to $3,632 per ton, with a decrease of -15.6% against the previous year. Overall, the export price saw a noticeable setback. The most prominent rate of growth was recorded in 2020 an increase of 30%. Over the period under review, the average export prices attained the peak figure at $5,240 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($5,924 per ton), while the average price for exports to Costa Rica ($2,528 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 (+65.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Panama

In 2022, the amount of felt; whether or not impregnated, coated, covered or laminateds imported into Panama reduced to 983 tons, declining by -11% on 2021 figures. In general, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 62%. As a result, imports attained the peak of 1.1K tons, and then reduced in the following year.

In value terms, imports of felt; whether or not impregnated, coated, covered or laminateds expanded modestly to $1.9M in 2022. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 46%.

Top Suppliers of Felt; Whether or Not Impregnated, Coated, Covered or Laminated to Panama in 2022:

1. Guatemala (340.2 tons)
2. Turkey (255.6 tons)
3. China (111.3 tons)
4. United States (86.1 tons)
5. Peru (62.3 tons)
6. Mexico (40.0 tons)
7. Colombia (38.1 tons)
8. Free Zones (11.0 tons)

Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Panama

In 2022, approx. 2.9 tons of felt; whether or not impregnated, coated, covered or laminateds were exported from Panama; waning by -77.5% against 2021 figures. Over the period under review, exports showed a significant decrease. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, the exports attained the peak of 13 tons, and then declined notably in the following year.

In value terms, exports of felt; whether or not impregnated, coated, covered or laminateds fell markedly to $11K in 2022. In general, exports faced a dramatic slump. The pace of growth appeared the most rapid in 2020 when exports increased by 19% against the previous year.

Top Export Markets for Felt; Whether or Not Impregnated, Coated, Covered or Laminated from Panama in 2022:

1. Guatemala (1433.0 kg)
2. Costa Rica (839.0 kg)
3. Guyana (453.0 kg)
4. Jamaica (92.0 kg)

Source: IndexBox Market Intelligence Platform