Price for Styrene Polymers; Waste, Parings and Scrap in Panama - 2022

Contents:

1. Price for Styrene Polymers; Waste, Parings and Scrap in Panama (CIF) - 2022
2. Price for Styrene Polymers; Waste, Parings and Scrap in Panama (FOB) - 2022
3. Imports of Styrene Polymers; Waste, Parings and Scrap in Panama
4. Exports of Styrene Polymers; Waste, Parings and Scrap in Panama

Price for Styrene Polymers; Waste, Parings and Scrap in Panama (CIF) - 2022

The average import price for styrene polymers; waste, parings and scraps stood at $1,052 per ton in 2022, dropping by -27.1% against the previous year. In general, the import price, however, showed strong growth. The most prominent rate of growth was recorded in 2016 an increase of 73% against the previous year. Over the period under review, average import prices reached the peak figure at $5,082 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +8.4% per year.

Price for Styrene Polymers; Waste, Parings and Scrap in Panama (FOB) - 2022

In 2022, the average export price for styrene polymers; waste, parings and scraps amounted to $566 per ton, jumping by 80% against the previous year. In general, the export price posted buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($3,846 per ton), while the average price for exports to Hong Kong SAR ($429 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 Hong Kong SAR (+10.0%).

Imports of Styrene Polymers; Waste, Parings and Scrap in Panama

In 2022, approx. 649 kg of styrene polymers; waste, parings and scraps were imported into Panama; with an increase of 14% on the previous year. The total import volume increased at an average annual rate of +13.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 14%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, imports of styrene polymers; waste, parings and scraps reduced rapidly to $683 in 2022. Over the period under review, imports, however, faced a abrupt setback. The smallest decline of -16.9% was in 2021.

Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to Panama in 2022:

1. United States (649.0 kg)

Exports of Styrene Polymers; Waste, Parings and Scrap in Panama

For the third year in a row, Panama recorded decline in overseas shipments of styrene polymers; waste, parings and scraps, which decreased by -54.8% to 1 tons in 2022. Over the period under review, exports showed a sharp shrinkage. The smallest decline of -31.6% was in 2021.

In value terms, exports of styrene polymers; waste, parings and scraps fell remarkably to $576 in 2022. Overall, exports recorded a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of 8.9%.

Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from Panama in 2022:

1. Hong Kong SAR (961.0 kg)
2. Spain (39.0 kg)
3. Colombia (9.0 kg)
4. Costa Rica (9.0 kg)

Source: IndexBox Market Intelligence Platform