Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Panama - 2024
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Panama (CIF) - 2024
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Panama (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Panama
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Panama
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Panama (CIF) - 2024
In November 2023, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $4,685 per ton, growing by 10% against the previous month. Over the period under review, the import price saw pronounced growth. The most prominent rate of growth was recorded in May 2023 an increase of 278% against the previous month. As a result, import price attained the peak level of $13,126 per ton. From June 2023 to November 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Mexico ($35,634 per ton), while the price for Portugal ($1,210 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Mexico (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Panama (FOB) - 2022
In 2022, the average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $11,050 per ton, rising by 31% against the previous year. Over the period under review, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2016 an increase of 32%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Colombia.
From 2012 to 2022, the rate of growth in terms of prices for Curacao amounted to +40.7% per year.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Panama
In 2022, the amount of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) imported into Panama contracted remarkably to 815 tons, with a decrease of -18.5% compared with the previous year. Over the period under review, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 33% against the previous year.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $2.8M in 2022. Overall, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 18%.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,163 | 844 | 885 | 799 | -11.8% |
| United States | 1,232 | 640 | 823 | 775 | -14.3% |
| Mexico | 328 | 153 | 218 | 440 | 10.3% |
| Colombia | 468 | 44.8 | 202 | 213 | -23.1% |
| Free Zones | 142 | 146 | 167 | 148 | 1.4% |
| Italy | 64.5 | 43.4 | 49.8 | 145 | 31.0% |
| Portugal | 23.1 | N/A | 11.2 | 25.1 | 2.8% |
| Belgium | 119 | 51.7 | 81.7 | N/A | -17.1% |
| Others | 342 | 355 | 254 | 223 | -13.3% |
| Total | 3,883 | 2,277 | 2,691 | 2,768 | -10.7% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Panama in 2022:
- China (405.4 tons)
- United States (162.8 tons)
- Mexico (85.0 tons)
- Colombia (64.9 tons)
- Italy (23.2 tons)
- Portugal (19.7 tons)
- Free Zones (18.1 tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Panama
In 2022, overseas shipments of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) increased by 1,334% to 2.2 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a precipitous curtailment.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) skyrocketed to $25K in 2022. In general, exports, however, saw a sharp decline.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 130 | 38.7 | N/A | 24.7 | -42.5% |
| Trinidad and Tobago | 11.9 | N/A | N/A | N/A | 0% |
| United States | 1.3 | 5.9 | N/A | N/A | 353.8% |
| Costa Rica | 2.2 | 5.3 | N/A | N/A | 140.9% |
| Guyana | 31.1 | N/A | N/A | N/A | 0% |
| El Salvador | 5.0 | N/A | N/A | N/A | 0% |
| Cuba | 3.1 | 90.2 | N/A | N/A | 2809.7% |
| Jamaica | 5.4 | N/A | 1.3 | N/A | -50.9% |
| Others | 60.4 | 49.8 | N/A | N/A | -17.5% |
| Total | 250 | 190 | 1.3 | 24.7 | -53.8% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Panama in 2022:
- Colombia (2.2 tons)
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