Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Panama - 2023
Contents:
- Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Panama (CIF) - 2023
- Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Panama (FOB) - 2022
- Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Panama
- Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Panama
Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Panama (CIF) - 2023
The average import price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses stood at $5,806 per ton in September 2023, picking up by 17% against the previous month. In general, the import price, however, showed a mild slump. The growth pace was the most rapid in January 2023 when the average import price increased by 20% against the previous month. Over the period under review, average import prices attained the maximum at $6,509 per ton in November 2022; however, from December 2022 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Free Zones ($12,858 per ton), while the price for Colombia ($3,984 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Colombia (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Panama (FOB) - 2022
The average export price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses stood at $11,480 per ton in 2022, remaining stable against the previous year. Overall, the export price continues to indicate a notable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 27%. The export price peaked at $11,945 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Chile ($12,744 per ton) and Nicaragua ($12,739 per ton), while the average price for exports to Colombia ($11,130 per ton) and the United States ($11,922 per ton) were 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 (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Panama
In 2022, approx. 666 tons of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses were imported into Panama; picking up by 20% on 2021. The total import volume increased at an average annual rate of +14.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses skyrocketed to $4.1M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 746 | 1,710 | 1,553 | 2,405 | 47.7% |
| Colombia | 643 | 488 | 542 | 478 | -9.4% |
| United States | 665 | 277 | 453 | 417 | -14.4% |
| Pakistan | 38.2 | 53.6 | 30.0 | 222 | 79.8% |
| Free Zones | 136 | 348 | 289 | 174 | 8.6% |
| India | 1.3 | N/A | 13.5 | 127 | 360.6% |
| Netherlands | 22.9 | 5.4 | 43.6 | 80.8 | 52.2% |
| Others | 141 | 224 | 149 | 203 | 12.9% |
| Total | 2,394 | 3,107 | 3,073 | 4,108 | 19.7% |
Top Suppliers of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths to Panama in 2022:
- China (373.3 tons)
- Colombia (114.8 tons)
- United States (52.4 tons)
- Pakistan (38.0 tons)
- Netherlands (23.8 tons)
- India (20.7 tons)
- Free Zones (16.6 tons)
Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Panama
In 2022, overseas shipments of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses decreased by 0% to 18 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2020 with an increase of 12%. As a result, the exports reached the peak of 35 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses totaled $202K in 2022. In general, exports showed a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by 7.7% against the previous year. As a result, the exports attained the peak of $403K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 46.8 | 150 | N/A | 136 | 42.7% |
| Cuba | 114 | 0.2 | N/A | 12.7 | -51.9% |
| Chile | 11.0 | 24.5 | N/A | 4.4 | -26.3% |
| Nicaragua | 4.9 | 19.7 | N/A | 3.6 | -9.8% |
| Costa Rica | 12.2 | 13.7 | N/A | 2.5 | -41.0% |
| United States | 13.2 | 3.8 | N/A | 2.1 | -45.8% |
| Others | 172 | 192 | N/A | 40.1 | -38.5% |
| Total | 375 | 403 | N/A | 202 | -18.6% |
Top Export Markets for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths from Panama in 2022:
- Colombia (12.2 tons)
- Cuba (1.1 tons)
- Chile (0.3 tons)
- Nicaragua (0.3 tons)
- Costa Rica (0.2 tons)
- United States (0.2 tons)
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