Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Panama - 2024
Contents:
- Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Panama (CIF) - 2022
- Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Panama (FOB) - 2022
- Imports of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Panama
- Exports of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Panama
Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Panama (CIF) - 2022
In 2022, the average import price for glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses amounted to $3.2 per unit, increasing by 6.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2016 an increase of 14%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
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 the United States ($6.5 per unit), while the price for Indonesia ($1.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Panama (FOB) - 2022
In 2022, the average export price for glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses amounted to $1.8 per unit, reducing by -26.6% against the previous year. Over the period under review, the export price recorded a perceptible decrease. The pace of growth appeared the most rapid in 2020 an increase of 26%. As a result, the export price attained the peak level of $2.6 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Cuba.
From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +2.3% per year.
Imports of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Panama
In 2022, approx. 448K units of glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses were imported into Panama; waning by -24.8% against 2021. In general, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. Over the period under review, imports of hit record highs at 853K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses fell remarkably to $1.4M in 2022. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Imports peaked at $2.3M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 411 | 307 | 492 | 299 | -10.1% |
| China | 483 | 171 | 320 | 230 | -21.9% |
| United States | 200 | 68.9 | 212 | 183 | -2.9% |
| Mexico | 240 | 101 | 183 | 136 | -17.2% |
| Colombia | 4.2 | 57.0 | 134 | 99.8 | 187.5% |
| Spain | 23.2 | 11.3 | 2.7 | 84.0 | 53.6% |
| Indonesia | 56.2 | 3.6 | N/A | 48.4 | -4.9% |
| Germany | 29.2 | 121 | 232 | 48.2 | 18.2% |
| Brazil | 46.2 | 86.4 | 55.1 | 45.9 | -0.2% |
| Bulgaria | 137 | 23.2 | 4.3 | 40.2 | -33.5% |
| Turkey | 211 | 162 | 0.3 | 26.8 | -49.7% |
| Belgium | 86.6 | 116 | 0.1 | N/A | -96.6% |
| Singapore | 123 | 10.8 | N/A | N/A | -91.2% |
| Others | 240 | 179 | 132 | 177 | -9.7% |
| Total | 2,292 | 1,418 | 1,768 | 1,419 | -14.8% |
Top Suppliers of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics to Panama in 2022:
- China (101.2K units)
- Mexico (59.6K units)
- Free Zones (59.6K units)
- Colombia (55.8K units)
- Indonesia (34.4K units)
- United States (28.0K units)
- Spain (26.1K units)
- Brazil (22.3K units)
- Bulgaria (15.6K units)
- Turkey (6.5K units)
- Germany (3.7K units)
Exports of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Panama
For the third consecutive year, Panama recorded decline in shipments abroad of glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses, which decreased by -73.4% to 141 units in 2022. In general, exports continue to indicate a sharp descent. The smallest decline of -24.6% was in 2020. Over the period under review, the exports of reached the peak figure at 706K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses declined markedly to $255 in 2022. Over the period under review, exports recorded a precipitous descent. The smallest decline of -5.1% was in 2020. The exports peaked at $1.5M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cuba | 91.3 | 70.0 | N/A | 0.3 | -85.1% |
| Ecuador | 95.9 | 117 | N/A | N/A | 22.0% |
| Venezuela | 39.6 | 84.6 | N/A | N/A | 113.6% |
| Colombia | 42.8 | 21.8 | N/A | N/A | -49.1% |
| Guyana | 42.3 | 33.3 | N/A | N/A | -21.3% |
| Peru | 114 | 180 | N/A | N/A | 57.9% |
| Trinidad and Tobago | 48.9 | 58.1 | N/A | N/A | 18.8% |
| Costa Rica | 51.9 | 100 | 0.6 | N/A | -89.2% |
| Nicaragua | 57.7 | 36.1 | N/A | N/A | -37.4% |
| Uruguay | 79.4 | 17.9 | N/A | N/A | -77.5% |
| Chile | 45.9 | 48.9 | 0.2 | N/A | -93.4% |
| Bolivia | 55.6 | 127 | 0.3 | N/A | -92.7% |
| Brazil | 158 | 20.4 | N/A | N/A | -87.1% |
| Others | 550 | 483 | 0.3 | N/A | -97.7% |
| Total | 1,474 | 1,399 | 1.3 | 0.3 | -94.1% |
Top Export Markets for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics from Panama in 2022:
- Cuba (141.0 units)
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