Price for Tools, Hand; Other than Household Tools in Panama - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in Panama (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in Panama (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Panama
- Exports of Tools, Hand; Other than Household Tools in Panama
Price for Tools, Hand; Other than Household Tools in Panama (CIF) - 2022
In 2022, the average import price for tools, hand; other than household toolses amounted to $7,683 per ton, surging by 17% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 31%. The import price peaked at $10,917 per ton in 2020; however, from 2021 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 the United States ($12,963 per ton), while the price for Free Zones ($5,578 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Panama (FOB) - 2022
The average export price for tools, hand; other than household toolses stood at $12,017 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 145% against the previous year. The export price peaked at $23,311 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($13,525 per ton), while the average price for exports to Honduras ($6,733 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Panama
In 2022, imports of tools, hand; other than household toolses into Panama fell significantly to 615 tons, waning by -23.2% against the previous year. Over the period under review, imports faced a precipitous curtailment. The smallest decline of -17.1% was in 2021.
In value terms, imports of tools, hand; other than household toolses fell to $4.7M in 2022. Overall, imports saw a significant decline.
| Import of Tools, Hand; Other than Household Tools in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.2 | 5.0 | 1.7 | 1.5 | -43.2% |
| United States | 1.8 | 0.9 | 1.4 | 1.3 | -10.3% |
| Free Zones | 0.9 | 0.8 | 1.0 | 0.9 | 0.0% |
| Mexico | 0.4 | 0.2 | 0.3 | 0.3 | -9.1% |
| Taiwan (Chinese) | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Others | 1.6 | 3.5 | 0.7 | 0.5 | -32.1% |
| Total | 13.3 | 10.5 | 5.3 | 4.7 | -29.3% |
Top Suppliers of Tools, Hand; Other than Household Tools to Panama in 2022:
- China (262.2 tons)
- Free Zones (155.5 tons)
- United States (102.1 tons)
- Mexico (39.6 tons)
- Taiwan (Chinese) (22.6 tons)
Exports of Tools, Hand; Other than Household Tools in Panama
In 2022, exports of tools, hand; other than household toolses from Panama amounted to 176 tons, leveling off at the previous year. Over the period under review, exports faced a significant contraction. The smallest decline of -5.3% was in 2020.
In value terms, exports of tools, hand; other than household toolses stood at $2.1M in 2022. Overall, exports continue to indicate a precipitous setback. The smallest decline of -32% was in 2020.
| Export of Tools, Hand; Other than Household Tools in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 1,673 | 1,160 | N/A | 562 | -30.5% |
| Nicaragua | 1,128 | 426 | N/A | 373 | -30.8% |
| Cuba | 148 | 319 | N/A | 112 | -8.9% |
| Venezuela | 306 | 314 | N/A | 111 | -28.7% |
| Dominican Republic | 268 | 189 | N/A | 88.9 | -30.8% |
| United States | 418 | 34.9 | N/A | 72.5 | -44.2% |
| Honduras | 150 | 204 | N/A | 72.2 | -21.6% |
| Guatemala | 199 | 183 | N/A | 70.4 | -29.3% |
| Costa Rica | 221 | 139 | N/A | 68.4 | -32.4% |
| Ecuador | 115 | 84.1 | N/A | 49.6 | -24.4% |
| El Salvador | 104 | 104 | N/A | 37.0 | -29.1% |
| Jamaica | 63.5 | 78.5 | N/A | 29.5 | -22.6% |
| Trinidad and Tobago | 85.9 | 76.1 | N/A | 27.4 | -31.7% |
| Others | 1,321 | 907 | N/A | 435 | -30.9% |
| Total | 6,202 | 4,219 | N/A | 2,109 | -30.2% |
Top Export Markets for Tools, Hand; Other than Household Tools from Panama in 2022:
- Nicaragua (48.1 tons)
- Colombia (44.0 tons)
- Cuba (12.8 tons)
- Honduras (10.7 tons)
- Venezuela (8.8 tons)
- Costa Rica (8.3 tons)
- Dominican Republic (7.4 tons)
- United States (7.1 tons)
- Guatemala (5.4 tons)
- Jamaica (4.1 tons)
- Ecuador (3.9 tons)
- El Salvador (2.7 tons)
- Trinidad and Tobago (2.2 tons)
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