Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Panama - 2024

Contents:

  1. Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Panama (CIF) - 2022
  2. Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Panama (FOB) - 2022
  3. Imports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Panama
  4. Exports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Panama

Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Panama (CIF) - 2022

The average import price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s stood at $2.2 per unit in 2022, with a decrease of -38.5% against the previous year. Over the period under review, the import price saw a abrupt contraction. The growth pace was the most rapid in 2020 an increase of 47% against the previous year. Over the period under review, average import prices reached the peak figure at $6.2 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($9.8 per unit), while the price for China ($1.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Panama (FOB) - 2022

In 2020, the average export price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s amounted to $5.9 per unit, growing by 4% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2020: its price increased at an average annual rate of +10.0% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, export price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s increased by +15.5% against 2014 indices. The most prominent rate of growth was recorded in 2013 an increase of 46%. The export price peaked in 2020 and is likely to continue growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2020, amid the top suppliers, the countries with the highest prices were Jamaica ($3.7 per unit) and Haiti ($3.7 per unit), while the average price for exports to Chile ($3.1 per unit) and El Salvador ($3.3 per unit) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Suriname (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Panama

In 2022, imports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s into Panama skyrocketed to 30K units, with an increase of 85% against 2021 figures. Over the period under review, imports, however, showed a sharp decrease. Imports peaked at 76K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s rose markedly to $66K in 2022. In general, imports, however, recorded a sharp contraction. Imports peaked at $248K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Free Zones9.11.61.330.950.3%
France95.038.420.514.0-47.2%
Italy52.63.49.58.3-46.0%
Colombia1.53.30.26.663.9%
China73.721.812.34.3-61.2%
United States6.30.413.80.4-60.1%
Others9.54.00.31.2-49.8%
Total24872.957.965.8-35.7%

Top Suppliers of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) to Panama in 2022:

  1. Free Zones (22.3K units)
  2. China (3.7K units)
  3. France (1.4K units)
  4. Italy (1.2K units)
  5. Colombia (1.2K units)
  6. United States (0.2K units)

Exports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Panama

In 2020, exports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s from Panama fell rapidly to 5.4K units, with a decrease of -26.4% on the previous year's figure. In general, exports saw a dramatic descent. The exports peaked at 7.3K units in 2019, and then reduced markedly in the following year.

In value terms, exports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s declined significantly to $32K in 2020. Over the period under review, exports saw a sharp shrinkage. Over the period under review, the exports of hit record highs at $41K in 2019, and then fell remarkably in the following year.

Export of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Panama (Thousand USD)
COUNTRY20192020CAGR,
2019-2020
El Salvador9.86.2-36.7%
Jamaica0.24.62200.0%
Dominican Republic4.33.0-30.2%
ChileN/A1.70%
Honduras0.31.2300.0%
Guatemala8.40.7-91.7%
HaitiN/A0.40%
Costa Rica6.00.3-95.0%
Others12.313.48.9%
Total41.331.6-23.5%

Top Export Markets for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) from Panama in 2022:

  1. El Salvador (1892.0 units)
  2. Jamaica (1251.0 units)
  3. Dominican Republic (834.0 units)
  4. Chile (550.0 units)
  5. Honduras (348.0 units)
  6. Guatemala (203.0 units)
  7. Haiti (119.0 units)
  8. Costa Rica (104.0 units)

Source: IndexBox Market Intelligence Platform

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