Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Panama - 2024
Contents:
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Panama (CIF) - 2022
- Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Panama (FOB) - 2022
- Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Panama
- Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Panama
Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Panama (CIF) - 2022
The average import price for blades; cutting, serrated or not, excluding those of heading no. 8208s stood at $0.8 per unit in 2022, shrinking by -23.6% against the previous year. Overall, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2018 when the average import price increased by 82%. Over the period under review, average import prices attained the peak figure at $2 per unit in 2013; however, from 2014 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 South Korea ($2.4 per unit), while the price for China ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Panama (FOB) - 2022
The average export price for blades; cutting, serrated or not, excluding those of heading no. 8208s stood at $0.7 per unit in 2022, falling by -14.9% against the previous year. Over the period under review, the export price, however, continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 89%. As a result, the export price attained the peak level of $1 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($3.1 per unit), while the average price for exports to Belize ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+72.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Panama
In 2022, after two years of decline, there was significant growth in supplies from abroad of blades; cutting, serrated or not, excluding those of heading no. 8208s, when their volume increased by 15% to 56K units. Overall, imports, however, continue to indicate a sharp contraction. Imports peaked at 240K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of blades; cutting, serrated or not, excluding those of heading no. 8208s shrank to $46K in 2022. In general, imports, however, showed a precipitous descent. Imports peaked at $479K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 75.4 | 13.7 | 8.0 | 26.2 | -29.7% |
| Free Zones | 4.6 | 8.7 | 16.9 | 8.8 | 24.1% |
| United States | 9.9 | 5.7 | 15.8 | 8.2 | -6.1% |
| Brazil | 3.7 | 1.4 | N/A | 1.9 | -19.9% |
| South Korea | 17.7 | N/A | N/A | 0.5 | -69.5% |
| Vietnam | 363 | 194 | N/A | N/A | -46.6% |
| Mexico | 3.7 | 3.4 | 6.4 | N/A | 31.5% |
| Others | 1.6 | 1.4 | 5.0 | N/A | 76.8% |
| Total | 479 | 228 | 52.0 | 45.6 | -54.3% |
Top Suppliers of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 to Panama in 2022:
- China (38.7K units)
- Free Zones (11.7K units)
- United States (4.1K units)
- Brazil (0.9K units)
- South Korea (0.2K units)
Exports of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Panama
In 2022, approx. 9.3K units of blades; cutting, serrated or not, excluding those of heading no. 8208s were exported from Panama; reducing by -72.7% compared with 2021. In general, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 82% against the previous year. The exports peaked at 215K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of blades; cutting, serrated or not, excluding those of heading no. 8208s contracted significantly to $6.4K in 2022. Overall, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 153%. The exports peaked at $208K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 0.2 | 0.7 | N/A | 2.3 | 125.7% |
| Jamaica | 0.8 | 0.7 | 1.5 | 2.2 | 40.1% |
| Grenada | 3.2 | 0.8 | 2.5 | 1.1 | -29.9% |
| Trinidad and Tobago | 0.1 | 2.2 | 0.9 | 0.3 | 44.2% |
| Nicaragua | N/A | N/A | N/A | 0.3 | 0% |
| Costa Rica | 1.4 | 1.5 | 0.4 | 0.2 | -47.7% |
| Belize | 0.1 | 0.5 | 0.1 | 0.1 | 0.0% |
| Saint Vincent and the Grenadines | N/A | 2.5 | 1.8 | N/A | -28.0% |
| Guatemala | 175 | 1.5 | 17.2 | N/A | -68.6% |
| France | 18.3 | N/A | N/A | N/A | 0% |
| Others | 8.9 | 0.4 | 2.9 | 0.1 | -77.6% |
| Total | 208 | 10.8 | 27.4 | 6.4 | -68.7% |
Top Export Markets for Blades; Cutting, Serrated or Not, Excluding Those of Heading No. 8208 from Panama in 2022:
- Jamaica (5.0K units)
- Grenada (1.5K units)
- Belize (1.2K units)
- Ecuador (0.7K units)
- Nicaragua (0.4K units)
- Trinidad and Tobago (0.3K units)
- Costa Rica (0.1K units)
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