Life-Jackets and Life-Belts Price in Panama - 2023
Contents:
- Life-Jackets and Life-Belts Price in Panama (CIF) - 2022
- Life-Jackets and Life-Belts Price in Panama (FOB) - 2022
- Life-Jackets and Life-Belts Imports in Panama
- Life-Jackets and Life-Belts Exports in Panama
Life-Jackets and Life-Belts Price in Panama (CIF) - 2022
The average life-jackets and life-belts import price stood at $9,928 per ton in 2022, picking up by 5.5% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, life-jackets and life-belts import price decreased by -18.6% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 31%. Over the period under review, average import prices attained the peak figure at $12,197 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($13,641 per ton), while the price for Free Zones ($5,954 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Life-Jackets and Life-Belts Price in Panama (FOB) - 2022
In 2022, the average life-jackets and life-belts export price amounted to $26,427 per ton, rising by 35% against the previous year. In general, the export price showed buoyant growth. The growth pace was the most rapid in 2017 an increase of 95%. As a result, the export price reached the peak level of $42,695 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($41,000 per ton), while the average price for exports to Barbados ($2,744 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 Honduras (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Life-Jackets and Life-Belts Imports in Panama
In 2022, after two years of decline, there was significant growth in supplies from abroad of life-jackets and life-beltses, when their volume increased by 6% to 45 tons. Over the period under review, imports, however, recorded a sharp reduction.
In value terms, life-jackets and life-belts imports amounted to $449K in 2022. In general, imports, however, showed a dramatic decline.
| Import of Life-Jackets and Life-Belts in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 380 | 84.8 | 49.3 | 166 | -24.1% |
| United States | 154 | 109 | 77.6 | 88.2 | -17.0% |
| India | 55.7 | 130 | 17.9 | 70.0 | 7.9% |
| Free Zones | 97.9 | 66.4 | 115 | 61.6 | -14.3% |
| Spain | 14.4 | 9.1 | 11.0 | 38.6 | 38.9% |
| Taiwan (Chinese) | 27.5 | 24.8 | 1.8 | 17.7 | -13.7% |
| Others | 165 | 153 | 129 | 6.9 | -65.3% |
| Total | 894 | 577 | 401 | 449 | -20.5% |
Top Suppliers of Life-Jackets and Life-Belts to Panama in 2022:
- China (13.6 tons)
- Free Zones (10.3 tons)
- India (9.8 tons)
- United States (6.5 tons)
- Spain (2.9 tons)
- Taiwan (Chinese) (2.0 tons)
Life-Jackets and Life-Belts Exports in Panama
In 2022, the amount of life-jackets and life-beltses exported from Panama surged to 5.7 tons, growing by 128% against the year before. In general, exports, however, continue to indicate a abrupt decrease.
In value terms, life-jackets and life-belts exports soared to $149K in 2022. Over the period under review, exports, however, saw a abrupt contraction.
| Export of Life-Jackets and Life-Belts in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 33.6 | 70.5 | 0.7 | 19.3 | -16.9% |
| Colombia | 33.5 | 6.6 | 3.9 | 10.5 | -32.1% |
| Honduras | 4.7 | 15.0 | 0.3 | 3.8 | -6.8% |
| Peru | 4.0 | 4.7 | 1.1 | 3.6 | -3.5% |
| Aruba | 5.6 | 1.0 | 1.2 | 3.2 | -17.0% |
| Suriname | 10.8 | 7.3 | 0.8 | 2.7 | -37.0% |
| Guatemala | 3.5 | 7.2 | 1.0 | 2.5 | -10.6% |
| Ecuador | 3.0 | 4.3 | 0.9 | 2.4 | -7.2% |
| Belize | 2.5 | 1.8 | 0.2 | 1.8 | -10.4% |
| Jamaica | 1.4 | 1.1 | 0.6 | 1.7 | 6.7% |
| Bahamas | 6.6 | 0.2 | 0.6 | 1.7 | -36.4% |
| Bolivia | 1.5 | 1.7 | 0.4 | 1.4 | -2.3% |
| Barbados | 0.2 | 0.5 | 0.1 | 0.7 | 51.8% |
| Others | 165 | 128 | 36.6 | 94.0 | -17.1% |
| Total | 276 | 250 | 48.5 | 149 | -18.6% |
Top Export Markets for Life-Jackets and Life-Belts from Panama in 2022:
- Costa Rica (1242.0 kg)
- Peru (922.0 kg)
- Colombia (498.0 kg)
- Barbados (258.0 kg)
- Bahamas (185.0 kg)
- Guatemala (185.0 kg)
- Ecuador (132.0 kg)
- Bolivia (131.0 kg)
- Honduras (93.0 kg)
- Suriname (90.0 kg)
- Jamaica (86.0 kg)
- Aruba (85.0 kg)
- Belize (82.0 kg)
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