Price for Textile Machinery; Spinning Machines in Panama - 2022
Contents:
- Price for Textile Machinery; Spinning Machines in Panama (CIF) - 2022
- Imports of Textile Machinery; Spinning Machines in Panama
Price for Textile Machinery; Spinning Machines in Panama (CIF) - 2022
The average textile machinery; spinning machines import price stood at $1,381 per unit in 2021, with a decrease of -21.4% against the previous year. Overall, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 125%. As a result, import price attained the peak level of $6,769 per unit. From 2015 to 2021, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($3,085 per unit), while the price for Free Zones ($886 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Free Zones (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Textile Machinery; Spinning Machines in Panama
In 2022, purchases abroad of textile machinery; spinning machineses decreased by 99.9% to less than 0.1 units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 267%. As a result, imports attained the peak of 11 units, and then dropped rapidly in the following year.
In value terms, textile machinery; spinning machines imports fell notably to $874 in 2022. Overall, imports showed a dramatic decline. The pace of growth appeared the most rapid in 2021 when imports increased by 188%. As a result, imports attained the peak of $15K, and then dropped significantly in the following year.
Import of Textile Machinery; Spinning Machines in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
China | 1.6 | 10.3 | 543.8% | ||
United States | 2.9 | 3.1 | 6.9% | ||
Free Zones | 0.8 | 1.8 | 125.0% | ||
Others | N/A | 0.1 | 0% | ||
Total | 5.3 | 15.2 | 186.8% |
Top Suppliers of Textile Machinery; Spinning Machines to Panama in 2022:
- China (8.0 units)
- Free Zones (2.0 units)
- United States (1.0 units)
This report provides an in-depth analysis of the market for textile weaving and knitting machinery in Panama.
Global Textile Spinning Machine Market Report 2018. This report provides an in-depth analysis of the global textile spinning machine market.
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Global Textile Spinning Machine Market Report 2018. This report provides an in-depth analysis of the global textile spinning machine market.
Explore the top import markets for textile weaving and knitting machinery in 2023, including key statistics and analysis. Find out which countries are leading the global market for textile machinery imports.
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