Price for Buttons; of Base Metal, Not Covered with Textile Material in Panama - 2023

Contents:

  1. Price for Buttons; of Base Metal, Not Covered with Textile Material in Panama (FOB) - 2022
  2. Price for Buttons; of Base Metal, Not Covered with Textile Material in Panama (CIF) - 2022
  3. Exports of Buttons; of Base Metal, Not Covered with Textile Material in Panama
  4. Imports of Buttons; of Base Metal, Not Covered with Textile Material in Panama

Price for Buttons; of Base Metal, Not Covered with Textile Material in Panama (FOB) - 2022

The average export price for buttons; of base metal, not covered with textile materials stood at $87,423 per ton in 2022, falling by -21.6% against the previous year. Over the period under review, the export price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 an increase of 199%. The export price peaked at $115,000 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($221,915 per ton), while the average price for exports to Costa Rica ($27,815 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 Turkey (+29.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Buttons; of Base Metal, Not Covered with Textile Material in Panama (CIF) - 2022

In 2022, the average import price for buttons; of base metal, not covered with textile materials amounted to $7,946 per ton, which is down by -41% against the previous year. Over the period under review, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2014 an increase of 67%. Over the period under review, average import prices reached the maximum at $27,580 per ton in 2016; however, from 2017 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 Colombia ($33,524 per ton), while the price for Free Zones ($5,309 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Buttons; of Base Metal, Not Covered with Textile Material in Panama

In 2022, the amount of buttons; of base metal, not covered with textile materials exported from Panama rose notably to 525 kg, surging by 14% on the year before. In general, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 291% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of buttons; of base metal, not covered with textile materials dropped to $46K in 2022. Over the period under review, exports saw a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of 279%. As a result, the exports reached the peak of $51K, and then dropped in the following year.

Export of Buttons; of Base Metal, Not Covered with Textile Material in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia39.113.024.022.6-16.7%
India2.30.320.410.465.4%
United StatesN/AN/AN/A4.90%
MauritiusN/AN/AN/A2.60%
TurkeyN/AN/A6.92.2-68.1%
Dominican RepublicN/AN/AN/A1.70%
Costa Rica0.5N/A0.11.544.2%
Others0.20.3N/AN/A50.0%
Total42.113.651.445.92.9%

Top Export Markets for Buttons; of Base Metal, Not Covered with Textile Material from Panama in 2022:

  1. Indonesia (225.0 kg)
  2. United States (121.0 kg)
  3. Costa Rica (54.0 kg)
  4. India (47.0 kg)
  5. Dominican Republic (46.0 kg)
  6. Mauritius (17.0 kg)
  7. Turkey (15.0 kg)

Imports of Buttons; of Base Metal, Not Covered with Textile Material in Panama

In 2022, after two years of decline, there was significant growth in purchases abroad of buttons; of base metal, not covered with textile materials, when their volume increased by 340% to 753 kg. In general, imports, however, saw a dramatic downturn.

In value terms, imports of buttons; of base metal, not covered with textile materials soared to $6K in 2022. Overall, imports, however, showed a dramatic decrease.

Import of Buttons; of Base Metal, Not Covered with Textile Material in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Free Zones2.21.90.43.516.7%
Colombia3.3N/AN/A2.1-14.0%
United States7.42.41.70.2-70.0%
Hong Kong SAR5.50.4N/AN/A-92.7%
China5.91.00.2N/A-81.6%
MexicoN/A1.2N/AN/A0%
OthersN/AN/AN/A0.10%
Total24.26.92.36.0-37.2%

Top Suppliers of Buttons; of Base Metal, Not Covered with Textile Material to Panama in 2022:

  1. Free Zones (663.0 kg)
  2. Colombia (63.0 kg)
  3. United States (24.0 kg)

Source: IndexBox Market Intelligence Platform

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