Panama: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in Panama

The Panamanian artificial filament tow market fell to $X in 2022, waning by X% against the previous year. In general, consumption recorded a sharp decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Artificial Filament Tow Production in Panama

In value terms, artificial filament tow production totaled less than $X in 2022 estimated in export price. In general, production faced a sharp reduction. The most prominent rate of growth was recorded in 2016 when the production volume decreased by X% against the previous year. Artificial filament tow production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Artificial Filament Tow Exports

Exports from Panama

In 2016, approx. X tons of artificial filament tow were exported from Panama; which is down by X% compared with the year before. In general, exports recorded a sharp slump. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2016, the exports stood at a somewhat lower figure.

In value terms, artificial filament tow exports reduced notably to $X in 2016. Over the period under review, exports faced a precipitous decrease. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

Exports by Country

Venezuela (X tons), the Dominican Republic (X kg) and Jamaica (X kg) were the main destinations of artificial filament tow exports from Panama, with a combined X% share of total exports.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Venezuela (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X) emerged as the key foreign market for artificial filament tow exports from Panama, comprising X% of total exports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total exports. It was followed by the Dominican Republic, with a X% share.

From 2012 to 2016, the average annual rate of growth in terms of value to Venezuela totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

In 2016, the average artificial filament tow export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2016, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2016, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Jamaica ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (X%), while the prices for the other major destinations experienced a decline.

Artificial Filament Tow Imports

Imports into Panama

In 2022, supplies from abroad of artificial filament tow decreased by X% to X kg, falling for the fourth year in a row after two years of decline. In general, imports faced a precipitous decrease. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, artificial filament tow imports stood at $X in 2022. Overall, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X kg) was the main artificial filament tow supplier to Panama, accounting for a X% share of total imports. Moreover, artificial filament tow imports from China exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of artificial filament tow to Panama, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Korea (X% per year).

Import Prices by Country

The average artificial filament tow import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price showed a dramatic decline. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform