Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Panama - 2024
Contents:
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Panama (CIF) - 2022
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Panama (FOB) - 2022
- Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Panama
- Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Panama
Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Panama (CIF) - 2022
In 2022, the average import price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $1.8 per unit, dropping by -37.3% against the previous year. Over the period under review, the import price showed a deep contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by 24%. Over the period under review, average import prices hit record highs at $3.8 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
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 France ($9.8 per unit), while the price for Free Zones ($1.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Panama (FOB) - 2022
In 2020, the average export price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $16 per unit, rising by 1.9% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 19%. Over the period under review, the average export prices attained the maximum at $21 per unit in 2014; however, from 2015 to 2020, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2020, amid the top suppliers, the country with the highest price was Peru ($31 per unit), while the average price for exports to El Salvador ($7.7 per unit) was amongst the lowest.
From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Panama
In 2022, after two years of decline, there was significant growth in purchases abroad of ties, bow ties and cravats (not knitted or crocheted)s, when their volume increased by 86% to 163K units. In general, imports, however, faced a precipitous contraction. Over the period under review, imports of reached the peak figure at 546K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of ties, bow ties and cravats (not knitted or crocheted)s surged to $292K in 2022. Overall, imports, however, recorded a dramatic shrinkage. Imports peaked at $1.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 240 | 48.2 | 72.5 | 145 | -15.5% |
| Italy | 302 | 115 | 93.8 | 55.7 | -43.1% |
| United States | 144 | 15.7 | 19.4 | 26.4 | -43.2% |
| China | 514 | 158 | 33.5 | 25.6 | -63.2% |
| France | 95.8 | 38.4 | 26.5 | 14.0 | -47.3% |
| Colombia | 3.0 | 3.3 | 1.2 | 12.5 | 60.9% |
| Others | 37.6 | 33.9 | 3.5 | 12.2 | -31.3% |
| Total | 1,336 | 413 | 250 | 292 | -39.8% |
Top Suppliers of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) to Panama in 2022:
- Free Zones (114.4K units)
- China (17.7K units)
- United States (15.7K units)
- Italy (7.1K units)
- Colombia (3.1K units)
- France (1.4K units)
Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Panama
Exports of ties, bow ties and cravats (not knitted or crocheted)s from Panama fell markedly to 37K units in 2020, shrinking by -27.3% on 2019 figures. Over the period under review, exports saw a sharp decline. The exports peaked at 51K units in 2019, and then dropped remarkably in the following year.
In value terms, exports of ties, bow ties and cravats (not knitted or crocheted)s dropped markedly to $592K in 2020. Overall, exports saw a dramatic decline. Over the period under review, the exports of reached the maximum at $800K in 2019, and then shrank markedly in the following year.
| Export of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Panama (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 |
| Cuba | 3.1 | 317 | 10125.8% |
| Colombia | 78.0 | 33.6 | -56.9% |
| Dominican Republic | 116 | 25.1 | -78.4% |
| Nicaragua | 10.9 | 19.6 | 79.8% |
| El Salvador | 63.8 | 15.6 | -75.5% |
| Guatemala | 38.2 | 13.9 | -63.6% |
| Chile | 22.3 | 13.1 | -41.3% |
| Haiti | 9.6 | 11.8 | 22.9% |
| Costa Rica | 35.7 | 9.0 | -74.8% |
| Jamaica | 1.2 | 8.4 | 600.0% |
| Honduras | 21.2 | 8.1 | -61.8% |
| Ecuador | 28.9 | 8.1 | -72.0% |
| Venezuela | 22.7 | 1.3 | -94.3% |
| Others | 348 | 108 | -69.0% |
| Total | 800 | 592 | -26.0% |
Top Export Markets for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) from Panama in 2022:
- Cuba (17.3K units)
- El Salvador (2.0K units)
- Dominican Republic (1.9K units)
- Colombia (1.8K units)
- Nicaragua (1.1K units)
- Guatemala (0.8K units)
- Chile (0.8K units)
- Haiti (0.7K units)
- Jamaica (0.6K units)
- Honduras (0.6K units)
- Costa Rica (0.6K units)
- Ecuador (0.4K units)
- Venezuela (0.1K units)
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