Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Panama - 2022
Contents:
- Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Panama (CIF) - 2022
- Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Panama (FOB) - 2022
- Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Panama
- Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Panama
Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Panama (CIF) - 2022
In 2022, the average import price for drawing, marking-out or mathematical calculating instrumentses amounted to $12 per unit, increasing by 103% against the previous year. Overall, the import price posted buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Free Zones ($31 per unit), while the price for China ($3.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Panama (FOB) - 2022
The average export price for drawing, marking-out or mathematical calculating instrumentses stood at $2.2 per unit in 2022, with a decrease of -38.8% against the previous year. Overall, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 66%. The export price peaked at $8.5 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($4.3 per unit), while the average price for exports to Guyana ($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 Chile (-8.1%), while the prices for the other major destinations experienced a decline.
Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Panama
In 2022, purchases abroad of drawing, marking-out or mathematical calculating instrumentses was finally on the rise to reach 152K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a significant curtailment. Over the period under review, imports of hit record highs at 361K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of drawing, marking-out or mathematical calculating instrumentses surged to $1.9M in 2022. In general, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Drawing, Marking-Out or Mathematical Calculating Instruments in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Free Zones | 193 | 110 | 128 | 1,442 | 95.5% |
China | 969 | 369 | 229 | 302 | -32.2% |
Dominican Republic | 9.0 | 1.9 | 3.3 | 11.1 | 7.2% |
Peru | 8.1 | 4.7 | 2.9 | 9.6 | 5.8% |
Others | 197 | 94.2 | 123 | 103 | -19.4% |
Total | 1,376 | 580 | 486 | 1,868 | 10.7% |
Top Suppliers of Drawing, Marking-Out or Mathematical Calculating Instruments to Panama in 2022:
- China (96.5K units)
- Free Zones (46.0K units)
- Peru (2.8K units)
- Dominican Republic (2.5K units)
Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Panama
For the third consecutive year, Panama recorded decline in shipments abroad of drawing, marking-out or mathematical calculating instrumentses, which decreased by -39.8% to 21K units in 2022. Over the period under review, exports faced a dramatic descent. The smallest decline of -2.3% was in 2021. Over the period under review, the exports of hit record highs at 71K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of drawing, marking-out or mathematical calculating instrumentses reduced dramatically to $45K in 2022. Overall, exports showed a precipitous slump. The pace of growth was the most pronounced in 2021 when exports increased by 6.1% against the previous year. The exports peaked at $194K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Drawing, Marking-Out or Mathematical Calculating Instruments in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Honduras | 10.4 | 2.9 | N/A | 6.8 | -13.2% |
Trinidad and Tobago | 2.2 | 1.3 | 5.9 | 3.7 | 18.9% |
Venezuela | 4.2 | 3.9 | 7.8 | 3.7 | -4.1% |
Costa Rica | 14.9 | 8.8 | 9.0 | 3.2 | -40.1% |
El Salvador | 5.2 | 2.8 | 6.0 | 3.1 | -15.8% |
Cuba | 1.6 | 2.1 | 4.9 | 2.6 | 17.6% |
United States | 0.6 | 2.2 | 4.9 | 2.6 | 63.0% |
Guyana | 6.7 | 2.7 | 3.1 | 2.5 | -28.0% |
Jamaica | 4.1 | 2.6 | 0.4 | 2.4 | -16.3% |
Haiti | 1.5 | 1.6 | 3.6 | 1.9 | 8.2% |
Curacao | 0.8 | 1.1 | 2.9 | 1.8 | 31.0% |
Chile | 7.8 | 2.4 | 4.7 | 1.5 | -42.3% |
Aruba | 1.1 | 1.6 | 0.2 | 1.3 | 5.7% |
Others | 133 | 79.4 | 69.0 | 8.0 | -60.8% |
Total | 194 | 115 | 123 | 45.1 | -38.5% |
Top Export Markets for Drawing, Marking-Out or Mathematical Calculating Instruments from Panama in 2022:
- Honduras (4.8K units)
- Guyana (2.4K units)
- Venezuela (1.3K units)
- Jamaica (1.2K units)
- Costa Rica (1.2K units)
- El Salvador (1.1K units)
- Cuba (1.0K units)
- United States (0.9K units)
- Trinidad and Tobago (0.9K units)
- Chile (0.9K units)
- Curacao (0.7K units)
- Haiti (0.7K units)
- Aruba (0.5K units)
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