Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Panama - 2022

Contents:

  1. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Panama (CIF) - 2022
  2. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Panama (FOB) - 2022
  3. Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Panama
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Free Zones1931101281,44295.5%
China969369229302-32.2%
Dominican Republic9.01.93.311.17.2%
Peru8.14.72.99.65.8%
Others19794.2123103-19.4%
Total1,3765804861,86810.7%

Top Suppliers of Drawing, Marking-Out or Mathematical Calculating Instruments to Panama in 2022:

  1. China (96.5K units)
  2. Free Zones (46.0K units)
  3. Peru (2.8K units)
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras10.42.9N/A6.8-13.2%
Trinidad and Tobago2.21.35.93.718.9%
Venezuela4.23.97.83.7-4.1%
Costa Rica14.98.89.03.2-40.1%
El Salvador5.22.86.03.1-15.8%
Cuba1.62.14.92.617.6%
United States0.62.24.92.663.0%
Guyana6.72.73.12.5-28.0%
Jamaica4.12.60.42.4-16.3%
Haiti1.51.63.61.98.2%
Curacao0.81.12.91.831.0%
Chile7.82.44.71.5-42.3%
Aruba1.11.60.21.35.7%
Others13379.469.08.0-60.8%
Total19411512345.1-38.5%

Top Export Markets for Drawing, Marking-Out or Mathematical Calculating Instruments from Panama in 2022:

  1. Honduras (4.8K units)
  2. Guyana (2.4K units)
  3. Venezuela (1.3K units)
  4. Jamaica (1.2K units)
  5. Costa Rica (1.2K units)
  6. El Salvador (1.1K units)
  7. Cuba (1.0K units)
  8. United States (0.9K units)
  9. Trinidad and Tobago (0.9K units)
  10. Chile (0.9K units)
  11. Curacao (0.7K units)
  12. Haiti (0.7K units)
  13. Aruba (0.5K units)

Source: IndexBox Market Intelligence Platform

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