Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Panama - 2024
Contents:
- Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Panama (CIF) - 2022
- Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Panama (FOB) - 2022
- Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Panama
- Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Panama
Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Panama (CIF) - 2022
The average import price for clasps and frames with clasps stood at $8,767 per ton in 2022, dropping by -18.8% against the previous year. Overall, the import price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by 24%. Over the period under review, average import prices reached the maximum at $13,140 per ton 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 Spain ($28,638 per ton), while the price for China ($5,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Panama (FOB) - 2022
The average export price for clasps and frames with clasps stood at $12,412 per ton in 2022, picking up by 54% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for clasps and frames with clasps increased by +57.3% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($16,713 per ton), while the average price for exports to Jamaica ($960 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 Venezuela (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Panama
For the third year in a row, Panama recorded decline in purchases abroad of clasps and frames with clasps, which decreased by -24.1% to 8.8 tons in 2022. In general, imports showed a dramatic contraction.
In value terms, imports of clasps and frames with clasps contracted significantly to $77K in 2022. Overall, imports continue to indicate a dramatic descent. The smallest decline of -6.9% was in 2021.
| Import of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 42.1 | 23.6 | 34.8 | 50.4 | 6.2% |
| China | 149 | 37.3 | 10.5 | 13.2 | -55.4% |
| United States | 15.6 | 44.4 | 77.7 | 6.6 | -24.9% |
| Spain | 4.2 | 18.7 | 0.7 | 1.7 | -26.0% |
| Hong Kong SAR | N/A | 9.8 | N/A | N/A | 0% |
| South Korea | 64.2 | N/A | N/A | N/A | 0% |
| Others | 20.9 | 1.2 | 1.9 | 5.6 | -35.5% |
| Total | 296 | 135 | 126 | 77.4 | -36.1% |
Top Suppliers of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal to Panama in 2022:
- Free Zones (5.8 tons)
- China (2.4 tons)
- United States (0.5 tons)
- Spain (0.1 tons)
Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Panama
In 2022, approx. 2.4 tons of clasps and frames with clasps were exported from Panama; declining by -58.2% compared with 2021. In general, exports showed a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 91% against the previous year. As a result, the exports attained the peak of 5.8 tons, and then contracted sharply in the following year.
In value terms, exports of clasps and frames with clasps dropped remarkably to $30K in 2022. Overall, exports recorded a noticeable decline. The growth pace was the most rapid in 2021 when exports increased by 96% against the previous year. As a result, the exports attained the peak of $47K, and then fell sharply in the following year.
| Export of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 22.9 | 9.1 | 21.6 | 24.5 | 2.3% |
| Costa Rica | 6.1 | 8.8 | 8.8 | 3.9 | -13.9% |
| Trinidad and Tobago | 1.3 | 1.0 | 2.9 | 1.1 | -5.4% |
| Belize | 0.3 | 0.3 | 0.6 | 0.3 | 0.0% |
| Jamaica | N/A | N/A | N/A | 0.1 | 0% |
| Chile | 1.0 | N/A | 9.7 | N/A | 211.4% |
| Guatemala | 0.7 | 4.5 | 2.7 | N/A | 96.4% |
| Others | 0.4 | N/A | 0.5 | N/A | 11.8% |
| Total | 32.8 | 23.8 | 46.7 | 30.0 | -2.9% |
Top Export Markets for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal from Panama in 2022:
- Dominican Republic (1468.0 kg)
- Costa Rica (558.0 kg)
- Trinidad and Tobago (189.0 kg)
- Jamaica (100.0 kg)
- Belize (99.0 kg)
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