Panama - Synthetic Rubber (Excluding Latex) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Synthetic Rubber (Excluding Latex) in Panama - 2023
Contents:
- Price for Synthetic Rubber (Excluding Latex) in Panama (CIF) - 2022
- Price for Synthetic Rubber (Excluding Latex) in Panama (FOB) - 2022
- Imports of Synthetic Rubber (Excluding Latex) in Panama
- Exports of Synthetic Rubber (Excluding Latex) in Panama
Price for Synthetic Rubber (Excluding Latex) in Panama (CIF) - 2022
The average synthetic rubber (excluding latex) import price stood at $1,858 per ton in 2022, reducing by -74% against the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 191%. As a result, import price attained the peak level of $7,142 per ton, and then contracted markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($7,245 per ton), while the price for Ecuador ($900 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Synthetic Rubber (Excluding Latex) in Panama (FOB) - 2022
In 2022, the average synthetic rubber (excluding latex) export price amounted to $3,139 per ton, with an increase of 135% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. 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 country with the highest price was the Dominican Republic ($3,314 per ton), while the average price for exports to Colombia ($2,551 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 Brazil (+111.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Synthetic Rubber (Excluding Latex) in Panama
In 2022, approx. 129 tons of synthetic rubber (excluding latex) were imported into Panama; with an increase of 606% compared with the previous year. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, synthetic rubber (excluding latex) imports surged to $240K in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Synthetic Rubber (Excluding Latex) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 68.3 | 0% |
| Colombia | 4.0 | 15.2 | 2.6 | 66.5 | 155.2% |
| Belgium | 0.9 | N/A | N/A | 35.8 | 241.4% |
| Germany | 10.4 | 0.4 | 0.8 | 31.9 | 45.3% |
| Ecuador | N/A | N/A | N/A | 18.1 | 0% |
| China | N/A | 15.1 | 69.1 | 9.2 | -21.9% |
| Spain | 75.3 | 47.4 | 20.8 | 3.9 | -62.7% |
| United States | 25.1 | 9.6 | 17.4 | 0.7 | -69.7% |
| South Korea | 39.7 | 0.1 | N/A | N/A | -99.7% |
| Hong Kong SAR | N/A | 8.8 | N/A | N/A | 0% |
| Mexico | 7.9 | 28.4 | 0.2 | N/A | -84.1% |
| Portugal | N/A | 6.4 | N/A | N/A | 0% |
| Brazil | 23.8 | 1.5 | N/A | N/A | -93.7% |
| Others | 8.4 | 55.1 | 19.7 | 5.7 | -12.1% |
| Total | 195 | 188 | 131 | 240 | 7.2% |
Top Suppliers of Synthetic Rubber (Excluding Latex) to Panama in 2022:
- United States (undefined tons)
- Netherlands (39.9 tons)
- Belgium (39.7 tons)
- Ecuador (20.1 tons)
- Colombia (15.5 tons)
- Germany (11.3 tons)
- China (1.3 tons)
- Spain (0.1 tons)
Exports of Synthetic Rubber (Excluding Latex) in Panama
For the fourth consecutive year, Panama recorded growth in shipments abroad of synthetic rubber (excluding latex), which increased by 75% to 164 tons in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 267% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, synthetic rubber (excluding latex) exports soared to $513K in 2022. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Synthetic Rubber (Excluding Latex) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | N/A | N/A | N/A | 159 | 0% |
| Italy | N/A | N/A | N/A | 145 | 0% |
| Colombia | 28.1 | 26.8 | N/A | 64.3 | 31.8% |
| Peru | N/A | N/A | 115 | N/A | 0% |
| Others | 2.6 | 23.9 | 9.9 | 146 | 282.9% |
| Total | 30.7 | 50.7 | 125 | 513 | 155.7% |
Top Export Markets for Synthetic Rubber (Excluding Latex) from Panama in 2022:
- Dominican Republic (47.9 tons)
- Italy (45.0 tons)
- Colombia (25.2 tons)
This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20171090 - Synthetic rubber (excluding latex)
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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