Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Panama - 2024
Contents:
- Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Panama (CIF) - 2022
- Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Panama (FOB) - 2022
- Imports of Rubber; Inner Tubes, of A Kind Used On Bicycles in Panama
- Exports of Rubber; Inner Tubes, of A Kind Used On Bicycles in Panama
Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Panama (CIF) - 2022
In 2022, the average import price for rubber; inner tubes, of a kind used on bicycleses amounted to $1.4 per unit, jumping by 51% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1.4 per unit), while the price for Free Zones amounted to $1.4 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Panama (FOB) - 2022
The average export price for rubber; inner tubes, of a kind used on bicycleses stood at $1.6 per unit in 2022, jumping by 34% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Belize ($1.7 per unit) and Trinidad and Tobago ($1.4 per unit), while the average price for exports to Guyana ($1.3 per unit) and Grenada ($1.4 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Inner Tubes, of A Kind Used On Bicycles in Panama
In 2022, approx. 88K units of rubber; inner tubes, of a kind used on bicycleses were imported into Panama; with a decrease of -70.8% against 2021. Overall, imports recorded a sharp setback. The smallest decline of -32.7% was in 2020. Imports peaked at 1.2M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of rubber; inner tubes, of a kind used on bicycleses shrank significantly to $122K in 2022. In general, imports continue to indicate a sharp reduction. The smallest decline of -30.7% was in 2020. Imports peaked at $1.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Rubber; Inner Tubes, of A Kind Used On Bicycles in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 122 | 93.8 | 256 | 90.6 | -9.4% |
| China | 1,118 | 443 | 11.6 | 29.7 | -70.2% |
| Vietnam | N/A | 57.9 | N/A | N/A | 0% |
| Indonesia | N/A | 152 | N/A | N/A | 0% |
| Taiwan (Chinese) | 0.2 | 117 | 1.6 | N/A | 182.8% |
| Others | 30.8 | 16.2 | 6.0 | 1.3 | -65.2% |
| Total | 1,271 | 880 | 275 | 122 | -54.2% |
Top Suppliers of Rubber; Inner Tubes, of A Kind Used On Bicycles to Panama in 2022:
- Free Zones (65.3K units)
- China (21.4K units)
Exports of Rubber; Inner Tubes, of A Kind Used On Bicycles in Panama
In 2022, approx. 73K units of rubber; inner tubes, of a kind used on bicycleses were exported from Panama; which is down by -48.5% on 2021 figures. Over the period under review, exports faced a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 64% against the previous year. As a result, the exports attained the peak of 141K units, and then fell significantly in the following year.
In value terms, exports of rubber; inner tubes, of a kind used on bicycleses dropped remarkably to $120K in 2022. In general, total exports indicated a modest expansion from 2019 to 2022: its value 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, exports increased by +25.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 81%. As a result, the exports reached the peak of $173K, and then shrank sharply in the following year.
| Export of Rubber; Inner Tubes, of A Kind Used On Bicycles in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belize | 96.7 | 47.2 | 118 | 109 | 4.1% |
| Guyana | 6.1 | 24.4 | 40.7 | 4.6 | -9.0% |
| Grenada | 2.1 | 0.7 | 0.1 | 2.9 | 11.4% |
| Trinidad and Tobago | 1.5 | 3.4 | 4.7 | 2.6 | 20.1% |
| Costa Rica | N/A | 7.6 | 0.5 | N/A | -93.4% |
| Others | 9.7 | 12.2 | 9.3 | 1.1 | -51.6% |
| Total | 116 | 95.6 | 173 | 120 | 1.1% |
Top Export Markets for Rubber; Inner Tubes, of A Kind Used On Bicycles from Panama in 2022:
- Belize (64.3K units)
- Guyana (3.6K units)
- Grenada (2.1K units)
- Trinidad and Tobago (1.8K units)
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