Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Panama - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Panama (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Panama (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Panama
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Panama
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Panama (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $6,453 per ton in 2022, falling by -6.6% against the previous year. Over the period under review, the import price recorded a slight slump. The pace of growth was the most pronounced in 2019 an increase of 84%. Over the period under review, average import prices attained the peak figure at $7,261 per ton in 2012; however, from 2013 to 2022, 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 ($19,694 per ton), while the price for China ($4,255 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Panama (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $4,023 per ton in 2022, falling by -14.9% against the previous year. Overall, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of 11% against the previous year. The export price peaked at $6,415 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($84,286 per ton), while the average price for exports to Honduras ($659 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 the Dominican Republic (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Panama
In 2022, purchases abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses decreased by -43.3% to 77 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 317%. As a result, imports reached the peak of 509 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses reduced sharply to $499K in 2022. Over the period under review, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 244%. As a result, imports attained the peak of $3M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 51.1 | 156 | 78.4 | 288 | 78.0% |
| United States | 17.2 | 205 | 24.9 | 159 | 109.9% |
| Germany | 0.7 | 318 | 77.9 | 10.4 | 145.8% |
| Free Zones | 71.5 | 519 | 43.0 | N/A | -22.5% |
| India | 10.1 | 40.3 | 9.6 | N/A | -2.5% |
| Poland | 633 | 1,145 | 613 | N/A | -1.6% |
| Australia | 25.9 | 435 | 41.4 | N/A | 26.4% |
| Others | 49.0 | 138 | 53.9 | 41.2 | -5.6% |
| Total | 859 | 2,955 | 942 | 499 | -16.6% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Panama in 2022:
- China (67.8 tons)
- United States (8.1 tons)
- Germany (0.6 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Panama
In 2022, shipments abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses decreased by -28% to 18 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 877% against the previous year. As a result, the exports reached the peak of 32 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses dropped dramatically to $72K in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 851%. As a result, the exports attained the peak of $163K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 5.9 | 20.1 | 68.3 | 37.6 | 85.4% |
| Guyana | 0.7 | 2.9 | 11.4 | 7.5 | 120.5% |
| Colombia | 0.3 | 5.6 | 11.4 | 5.0 | 155.4% |
| Jamaica | 1.2 | 3.8 | 4.1 | 4.8 | 58.7% |
| Nicaragua | 0.5 | 1.9 | 7.0 | 4.2 | 103.3% |
| El Salvador | 0.3 | 1.0 | 4.0 | 2.6 | 105.4% |
| Honduras | 0.4 | 1.0 | 3.0 | 1.4 | 51.8% |
| Costa Rica | 3.2 | 19.9 | 0.3 | 0.2 | -60.3% |
| Others | 4.7 | 107 | 7.8 | 8.5 | 21.8% |
| Total | 17.1 | 163 | 117 | 71.9 | 61.4% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Panama in 2022:
- Venezuela (8.9 tons)
- Honduras (2.1 tons)
- Colombia (2.0 tons)
- Guyana (1.6 tons)
- Nicaragua (1.1 tons)
- Jamaica (0.7 tons)
- El Salvador (0.7 tons)
- Costa Rica (0.1 tons)
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