Weaving Machines (Looms) Price in Panama - 2022
Contents:
- Weaving Machines (Looms) Price in Panama (CIF) - 2022
- Weaving Machines (Looms) Price in Panama (FOB) - 2022
- Weaving Machines (Looms) Imports in Panama
- Weaving Machines (Looms) Exports in Panama
Weaving Machines (Looms) Price in Panama (CIF) - 2022
The average weaving machines (looms) import price stood at $3,324 per unit in 2022, falling by -29.6% against the previous year. In general, the import price faced a abrupt contraction. The growth pace was the most rapid in 2020 an increase of 794%. The import price peaked at $21,606 per unit in 2014; however, from 2015 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 Taiwan (Chinese) ($15,639 per unit), while the price for Guatemala ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Weaving Machines (Looms) Price in Panama (FOB) - 2022
In 2022, the average weaving machines (looms) export price amounted to $27 per unit, declining by -99.3% against the previous year. Over the period under review, the export price faced a dramatic descent. The pace of growth appeared the most rapid in 2021 an increase of 57% against the previous year. Over the period under review, the average export prices reached the peak figure at $23,971 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 Venezuela ($127 per unit), while the average price for exports to Costa Rica ($1 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 United States (-30.8%), while the prices for the other major destinations experienced a decline.
Weaving Machines (Looms) Imports in Panama
In 2022, approx. 13 units of weaving machines (looms)s were imported into Panama; with an increase of 8.3% on 2021 figures. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, weaving machines (looms) imports shrank remarkably to $43K in 2022. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 794%. As a result, imports reached the peak of $74K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Weaving Machines (Looms) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 3.2 | 16.1 | 15.7 | 15.6 | 69.6% |
| China | 1.6 | 20.4 | 15.3 | 11.8 | 94.6% |
| South Korea | 0.7 | 4.1 | 11.4 | 10.2 | 144.2% |
| United States | 1.4 | 21.3 | 10.4 | 2.0 | 12.6% |
| Spain | 0.6 | 2.2 | 2.0 | 1.9 | 46.8% |
| Hong Kong SAR | 0.3 | 0.8 | 0.6 | 0.4 | 10.1% |
| Belgium | 0.2 | 0.7 | 0.5 | 0.4 | 26.0% |
| Free Zones | 0.1 | 0.4 | 0.4 | 0.4 | 58.7% |
| Mexico | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Costa Rica | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Colombia | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| Ecuador | N/A | N/A | N/A | N/A | 0% |
| Guatemala | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | 7.8 | N/A | N/A | 0% |
| Total | 8.3 | 74.3 | 56.7 | 43.2 | 73.3% |
Top Suppliers of Weaving Machines (Looms) to Panama in 2022:
- Taiwan (Chinese) (1.0 units)
- Mexico (1.0 units)
- Costa Rica (1.0 units)
- Hong Kong SAR (1.0 units)
- United States (1.0 units)
- Guatemala (1.0 units)
- China (1.0 units)
- Ecuador (1.0 units)
- Colombia (1.0 units)
- Belgium (1.0 units)
- South Korea (1.0 units)
- Free Zones (1.0 units)
- Spain (1.0 units)
Weaving Machines (Looms) Exports in Panama
In 2022, after three years of growth, there was significant decline in overseas shipments of weaving machines (looms)s, when their volume decreased by -8.3% to 11 units. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 9.1%. As a result, the exports reached the peak of 12 units, and then contracted in the following year.
In value terms, weaving machines (looms) exports shrank notably to $300 in 2022. Over the period under review, exports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 72%. As a result, the exports attained the peak of $48K, and then dropped remarkably in the following year.
| Export of Weaving Machines (Looms) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 8.6 | 5.6 | 8.2 | 0.1 | -77.3% |
| Venezuela | 12.5 | 9.2 | 15.3 | 0.1 | -80.0% |
| Dominican Republic | 0.6 | 4.3 | 3.9 | N/A | 155.0% |
| Suriname | 1.8 | 1.4 | 2.5 | N/A | 17.9% |
| Guatemala | 5.7 | 3.1 | 11.5 | N/A | 42.0% |
| Trinidad and Tobago | 1.1 | 0.7 | 0.9 | N/A | -9.5% |
| United States | 2.3 | 2.0 | 3.7 | N/A | 26.8% |
| Costa Rica | N/A | N/A | N/A | N/A | 0% |
| Nicaragua | 3.7 | 0.3 | N/A | N/A | -91.9% |
| El Salvador | 1.1 | 0.2 | 0.4 | N/A | -39.7% |
| Colombia | 2.0 | 1.1 | 1.5 | N/A | -13.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 39.5 | 27.9 | 48.0 | 0.3 | -80.3% |
Top Export Markets for Weaving Machines (Looms) from Panama in 2022:
- Honduras (1.0 units)
- Colombia (1.0 units)
- El Salvador (1.0 units)
- Nicaragua (1.0 units)
- Costa Rica (1.0 units)
- United States (1.0 units)
- Trinidad and Tobago (1.0 units)
- Guatemala (1.0 units)
- Suriname (1.0 units)
- Dominican Republic (1.0 units)
- Venezuela (1.0 units)
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