Price for Clothing; Parts, Knitted or Crocheted in Panama - 2023

Contents:

1. Price for Clothing; Parts, Knitted or Crocheted in Panama (CIF) - 2022
2. Price for Clothing; Parts, Knitted or Crocheted in Panama (FOB) - 2022
3. Imports of Clothing; Parts, Knitted or Crocheted in Panama
4. Exports of Clothing; Parts, Knitted or Crocheted in Panama

Price for Clothing; Parts, Knitted or Crocheted in Panama (CIF) - 2022

The average import price for clothing; parts, knitted or crocheted stood at $11,629 per ton in 2022, waning by -9.6% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 219% against the previous year. The import price peaked at $27,473 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($64,000 per ton), while the price for China ($8,111 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+94.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clothing; Parts, Knitted or Crocheted in Panama (FOB) - 2022

In 2022, the average export price for clothing; parts, knitted or crocheted amounted to $31,788 per ton, stabilizing at the previous year. Overall, the export price posted a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of 604%. Over the period under review, the average export prices reached the peak figure at $44,386 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Guatemala.

From 2012 to 2022, the rate of growth in terms of prices for the Dominican Republic amounted to +82.7% per year.

Imports of Clothing; Parts, Knitted or Crocheted in Panama

In 2022, imports of clothing; parts, knitted or crocheted into Panama dropped sharply to 116 kg, falling by -20.5% compared with the previous year. Overall, imports showed a sharp descent. The smallest decline of -2% was in 2020.

In value terms, clothing; parts, knitted or crocheted imports dropped significantly to $1.3K in 2022. In general, imports saw a significant curtailment. The growth pace was the most rapid in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of $50K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Clothing; Parts, Knitted or Crocheted to Panama in 2022:

1. Free Zones (89.0 kg)
2. China (18.0 kg)
3. Colombia (5.0 kg)
4. United States (4.0 kg)

Exports of Clothing; Parts, Knitted or Crocheted in Panama

In 2022, shipments abroad of clothing; parts, knitted or crocheted decreased by 0% to 273 kg, falling for the second year in a row after two years of growth. In general, exports recorded a mild downturn. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. As a result, the exports attained the peak of 391 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, clothing; parts, knitted or crocheted exports stood at $8.7K in 2022. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 201% against the previous year. As a result, the exports attained the peak of $17K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Clothing; Parts, Knitted or Crocheted from Panama in 2022:

1. Guatemala (273.0 kg)

Source: IndexBox Market Intelligence Platform