Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Panama - 2023
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Panama (CIF) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Panama (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Panama
- Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Panama
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Panama (CIF) - 2022
The average import price for tools; for working in the hand, pneumatic, other than rotary type stood at $102 per unit in 2022, with a decrease of -12.2% against the previous year. Over the period under review, the import price saw a abrupt contraction. The pace of growth was the most pronounced in 2015 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs at $255 per unit in 2013; however, from 2014 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 Chile ($151 per unit), while the price for Mexico ($30 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+8.7%), while the prices for the other major suppliers experienced a decline.
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Panama (FOB) - 2022
In 2022, the average export price for tools; for working in the hand, pneumatic, other than rotary type amounted to $129 per unit, falling by -33.2% against the previous year. Overall, the export price faced a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by 133%. Over the period under review, the average export prices hit record highs at $500 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($551 per unit), while the average price for exports to Jamaica ($65 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 the Dominican Republic (+6.7%), while the prices for the other major destinations experienced a decline.
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Panama
Imports of tools; for working in the hand, pneumatic, other than rotary type into Panama surged to 7.6K units in 2022, jumping by 19% against the year before. In general, imports, however, saw a abrupt decline. Over the period under review, imports of tools; for working in hand, pneumatic, other than rotary type hit record highs at 11K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type rose to $772K in 2022. Over the period under review, imports, however, saw a abrupt contraction. Imports peaked at $1.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 230 | 74.9 | 96.4 | 319 | 11.5% |
| Free Zones | 255 | 268 | 317 | 109 | -24.7% |
| China | 194 | 170 | 91.1 | 98.9 | -20.1% |
| Chile | 8.2 | 6.6 | 4.6 | 54.2 | 87.7% |
| Bulgaria | 4.5 | 8.0 | 21.0 | 33.7 | 95.6% |
| Italy | 57.1 | 19.6 | 26.3 | 23.0 | -26.1% |
| Taiwan (Chinese) | 52.3 | 18.8 | 14.6 | 12.7 | -37.6% |
| United Kingdom | 238 | 5.7 | 0.1 | 9.0 | -66.4% |
| Others | 283 | 150 | 171 | 113 | -26.4% |
| Total | 1,321 | 721 | 742 | 772 | -16.4% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to Panama in 2022:
- China (3074.0 units)
- United States (2132.0 units)
- Free Zones (777.0 units)
- Chile (358.0 units)
- Bulgaria (241.0 units)
- Italy (165.0 units)
- Taiwan (Chinese) (91.0 units)
- United Kingdom (65.0 units)
Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Panama
In 2022, approx. 498 units of tools; for working in the hand, pneumatic, other than rotary type were exported from Panama; reducing by -19.2% compared with the previous year's figure. Over the period under review, exports saw a dramatic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 119% against the previous year. The exports peaked at 1.1K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type reduced dramatically to $64K in 2022. Overall, exports saw a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 62%. The exports peaked at $121K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cuba | 10.8 | 14.5 | 26.9 | 17.3 | 17.0% |
| Trinidad and Tobago | 1.4 | 2.0 | 17.7 | 13.8 | 114.4% |
| Colombia | 12.9 | 9.1 | 13.6 | 7.1 | -18.0% |
| Dominican Republic | 2.3 | 1.4 | 6.2 | 5.5 | 33.7% |
| Ecuador | 2.5 | 4.4 | 6.8 | 3.6 | 12.9% |
| Nicaragua | 4.9 | 1.2 | 2.6 | 1.7 | -29.7% |
| Venezuela | 3.1 | 2.4 | 3.3 | 1.5 | -21.5% |
| Germany | 0.6 | 1.2 | 2.2 | 1.4 | 32.6% |
| Aruba | 1.3 | 1.2 | 1.2 | 0.9 | -11.5% |
| Jamaica | 0.3 | 1.7 | 1.5 | 0.8 | 38.7% |
| Guatemala | 0.5 | 2.5 | 14.2 | 0.7 | 11.9% |
| Belize | 0.2 | N/A | 1.9 | 0.2 | 0.0% |
| Argentina | 44.0 | N/A | N/A | N/A | 0% |
| Others | 36.0 | 31.3 | 20.4 | 9.5 | -35.9% |
| Total | 121 | 73.0 | 119 | 64.1 | -19.1% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from Panama in 2022:
- Trinidad and Tobago (209.0 units)
- Cuba (89.0 units)
- Colombia (57.0 units)
- Nicaragua (26.0 units)
- Aruba (13.0 units)
- Jamaica (12.0 units)
- Dominican Republic (10.0 units)
- Germany (8.0 units)
- Venezuela (8.0 units)
- Ecuador (8.0 units)
- Guatemala (5.0 units)
- Belize (5.0 units)
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