Files and Rasps Price in Panama - 2023
Contents:
- Files and Rasps Price in Panama (CIF) - 2022
- Files and Rasps Price in Panama (FOB) - 2022
- Files and Rasps Imports in Panama
- Files and Rasps Exports in Panama
Files and Rasps Price in Panama (CIF) - 2022
In 2022, the average files and rasps import price amounted to $6.7 per unit, approximately reflecting the previous year. Over the period under review, the import price showed a temperate increase. The growth pace was the most rapid in 2016 an increase of 64% against the previous year. The import price peaked at $9.6 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Indonesia ($9.7 per unit), while the price for China ($4.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Files and Rasps Price in Panama (FOB) - 2022
The average files and rasps export price stood at $18 per unit in 2022, approximately equating the previous year. In general, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 137% against the previous year. The export price peaked at $23 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Colombia ($21 per unit) and El Salvador ($20 per unit), while the average price for exports to Honduras ($17 per unit) and Costa Rica ($17 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.
Files and Rasps Imports in Panama
In 2022, overseas purchases of files, rasps and similar tools decreased by -69.9% to 202K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 53%. Over the period under review, imports attained the peak figure at 671K units in 2021, and then reduced rapidly in the following year.
In value terms, files and rasps imports dropped rapidly to $1.3M in 2022. In general, imports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, imports reached the peak of $4.4M, and then dropped significantly in the following year.
| Import of Files and Rasps in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 660 | 2,043 | 3,607 | 618 | -2.2% |
| Mexico | 470 | 299 | 338 | 477 | 0.5% |
| China | 436 | 284 | 69.5 | 99.5 | -38.9% |
| Colombia | 119 | 74.2 | 202 | 33.9 | -34.2% |
| India | 970 | 624 | 94.4 | 32.1 | -67.9% |
| Indonesia | 294 | 153 | N/A | 22.7 | -57.4% |
| Others | 509 | 58.5 | 129 | 64.0 | -49.9% |
| Total | 3,458 | 3,535 | 4,439 | 1,347 | -27.0% |
Top Suppliers of Files and Rasps to Panama in 2022:
- Free Zones (102.6K units)
- Mexico (60.3K units)
- China (22.4K units)
- Colombia (7.0K units)
- India (3.9K units)
- Indonesia (2.4K units)
Files and Rasps Exports in Panama
In 2022, overseas shipments of files, rasps and similar tools decreased by 0% to 93K units, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a slight downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 90% against the previous year. As a result, the exports attained the peak of 186K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, files and rasps exports totaled $1.6M in 2022. In general, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 64% against the previous year. As a result, the exports reached the peak of $3.3M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Files and Rasps in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 331 | 331 | N/A | 155 | -22.3% |
| Brazil | 108 | 203 | N/A | 95.1 | -4.2% |
| Colombia | 169 | 70.9 | N/A | 85.6 | -20.3% |
| Nicaragua | 139 | 175 | N/A | 82.3 | -16.0% |
| Honduras | 67.6 | 101 | N/A | 47.3 | -11.2% |
| Guatemala | 120 | 80.9 | N/A | 45.3 | -27.7% |
| El Salvador | 76.4 | 43.9 | N/A | 31.9 | -25.3% |
| Costa Rica | 51.7 | 62.7 | N/A | 29.4 | -17.2% |
| Guyana | 82.0 | 39.9 | N/A | 28.5 | -29.7% |
| Suriname | 50.3 | 0.2 | N/A | 10.3 | -41.1% |
| Others | 798 | 2,165 | N/A | 1,026 | 8.7% |
| Total | 1,993 | 3,273 | N/A | 1,637 | -6.3% |
Top Export Markets for Files and Rasps from Panama in 2022:
- Haiti (9.0K units)
- Brazil (5.5K units)
- Nicaragua (4.8K units)
- Colombia (4.1K units)
- Honduras (2.7K units)
- Guatemala (2.4K units)
- Costa Rica (1.7K units)
- El Salvador (1.6K units)
- Guyana (1.4K units)
- Suriname (0.5K units)
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