Rafts; Inflatable Price in Panama - 2022
Contents:
- Rafts; Inflatable Price in Panama (CIF) - 2022
- Rafts; Inflatable Price in Panama (FOB) - 2022
- Rafts; Inflatable Imports in Panama
- Rafts; Inflatable Exports in Panama
Rafts; Inflatable Price in Panama (CIF) - 2022
In 2022, the average rafts; inflatable import price amounted to $3,477 per unit, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2019 an increase of 7% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
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 China ($5,694 per unit), while the price for Costa Rica ($525 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Rafts; Inflatable Price in Panama (FOB) - 2022
The average rafts; inflatable export price stood at $642 per unit in 2022, dropping by -26.4% against the previous year. In general, the export price showed a drastic downturn. The growth pace was the most rapid in 2015 an increase of 81%. The export price peaked at $1,527 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($2,746 per unit), while the average price for exports to the UK ($237 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 Trinidad and Tobago (+13.4%), while the prices for the other major destinations experienced a decline.
Rafts; Inflatable Imports in Panama
In 2022, rafts; inflatable imports into Panama surged to 32 units, with an increase of 52% compared with the previous year. In general, imports, however, faced a precipitous slump. Imports peaked at 219 units in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, rafts; inflatable imports surged to $111K in 2022. Overall, imports, however, recorded a dramatic curtailment. Imports peaked at $723K in 2020; however, from 2021 to 2022, imports failed to regain momentum.
| Import of Rafts; Inflatable in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 34.3 | 57.6 | 25.6 | 66.9 | 24.9% |
| Thailand | 375 | 374 | N/A | 22.2 | -61.0% |
| Free Zones | 34.8 | 146 | 41.3 | 16.0 | -22.8% |
| China | 45.7 | 115 | 5.5 | 5.7 | -50.0% |
| Costa Rica | N/A | N/A | N/A | 0.5 | 0% |
| Others | 35.3 | 31.1 | 0.3 | N/A | -90.8% |
| Total | 525 | 723 | 72.7 | 111 | -40.4% |
Top Suppliers of Rafts; Inflatable to Panama in 2022:
- United States (18.0 units)
- Thailand (7.0 units)
- Free Zones (5.0 units)
- China (1.0 units)
- Costa Rica (1.0 units)
Rafts; Inflatable Exports in Panama
In 2022, after two years of decline, there was significant growth in overseas shipments of rafts; inflatables, when their volume increased by 82% to 124 units. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, rafts; inflatable exports soared to $80K in 2022. In general, exports, however, saw a abrupt slump. Over the period under review, the exports attained the maximum at $120K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Rafts; Inflatable in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 52.0 | 52.9 | 11.4 | 37.5 | -10.3% |
| Spain | 9.0 | 9.2 | 11.8 | 17.7 | 25.3% |
| Costa Rica | 11.0 | 2.6 | N/A | 13.1 | 6.0% |
| Trinidad and Tobago | N/A | N/A | N/A | 5.5 | 0% |
| United Kingdom | N/A | N/A | N/A | 2.6 | 0% |
| Guyana | N/A | 4.6 | 7.5 | 0.1 | -85.3% |
| Chile | 0.5 | N/A | N/A | N/A | 0% |
| Germany | 4.4 | 4.5 | 3.3 | N/A | -13.4% |
| Guatemala | 7.9 | 1.5 | N/A | N/A | -81.0% |
| South Africa | 3.1 | 5.4 | 5.0 | N/A | 27.0% |
| United States | 24.0 | N/A | N/A | N/A | 0% |
| Others | 8.1 | 4.3 | 20.3 | 3.1 | -27.4% |
| Total | 120 | 85.0 | 59.3 | 79.6 | -12.8% |
Top Export Markets for Rafts; Inflatable from Panama in 2022:
- South Korea (65.0 units)
- Costa Rica (23.0 units)
- Spain (20.0 units)
- United Kingdom (11.0 units)
- Trinidad and Tobago (2.0 units)
- Guyana (1.0 units)
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