Price for Embroidery; in the Piece, in Strips or in Motifs in Panama - 2023
Contents:
- Price for Embroidery; in the Piece, in Strips or in Motifs in Panama (CIF) - 2022
- Price for Embroidery; in the Piece, in Strips or in Motifs in Panama (FOB) - 2022
- Imports of Embroidery; in the Piece, in Strips or in Motifs in Panama
- Exports of Embroidery; in the Piece, in Strips or in Motifs in Panama
Price for Embroidery; in the Piece, in Strips or in Motifs in Panama (CIF) - 2022
In 2022, the average import price for embroidery; in the piece, in strips or in motifses amounted to $16,383 per ton, declining by -23.4% against the previous year. Over the period under review, the import price, however, showed a tangible increase. The growth pace was the most rapid in 2014 an increase of 65%. The import price peaked at $36,562 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
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 Guatemala ($44,692 per ton), while the price for Free Zones ($7,900 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Embroidery; in the Piece, in Strips or in Motifs in Panama (FOB) - 2022
The average export price for embroidery; in the piece, in strips or in motifses stood at $4,135 per ton in 2022, with an increase of 15% against the previous year. Overall, the export price, however, saw a deep setback. The growth pace was the most rapid in 2018 when the average export price increased by 152% against the previous year. The export price peaked at $10,917 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
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 Chile ($15,412 per ton), while the average price for exports to Jamaica ($1,324 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 Cuba (+189.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Embroidery; in the Piece, in Strips or in Motifs in Panama
In 2022, purchases abroad of embroidery; in the piece, in strips or in motifses was finally on the rise to reach 12 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt decline.
In value terms, imports of embroidery; in the piece, in strips or in motifses surged to $195K in 2022. Over the period under review, imports, however, showed a sharp slump.
| Import of Embroidery; in the Piece, in Strips or in Motifs in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 235 | 72.8 | 8.4 | 78.3 | -30.7% |
| Guatemala | 47.6 | 7.4 | 5.0 | 38.1 | -7.2% |
| Taiwan (Chinese) | 41.9 | 6.3 | 35.6 | 28.5 | -12.1% |
| Colombia | 22.5 | 1.1 | 0.6 | 16.3 | -10.2% |
| Free Zones | 90.7 | 14.7 | 12.6 | 13.1 | -47.5% |
| United States | 14.0 | 10.5 | 8.3 | 8.6 | -15.0% |
| India | 0.2 | N/A | N/A | 8.1 | 243.4% |
| Mexico | 21.2 | 2.7 | 3.0 | 0.5 | -71.3% |
| Thailand | N/A | 33.0 | N/A | N/A | 0% |
| Others | 16.3 | 14.4 | 1.3 | 3.9 | -37.9% |
| Total | 490 | 163 | 74.9 | 195 | -26.4% |
Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Panama in 2022:
- China (6.8 tons)
- Free Zones (1.7 tons)
- Taiwan (Chinese) (1.5 tons)
- Guatemala (0.9 tons)
- Colombia (0.6 tons)
- India (0.2 tons)
- United States (0.2 tons)
Exports of Embroidery; in the Piece, in Strips or in Motifs in Panama
In 2022, the amount of embroidery; in the piece, in strips or in motifses exported from Panama rose to 12 tons, surging by 3.9% against 2021 figures. In general, exports, however, continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year.
In value terms, exports of embroidery; in the piece, in strips or in motifses soared to $49K in 2022. Overall, exports, however, saw a sharp contraction. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year.
| Export of Embroidery; in the Piece, in Strips or in Motifs in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | N/A | 11.2 | 21.0 | 18.2 | 27.5% |
| Guatemala | 7.2 | 2.9 | 4.6 | 12.9 | 21.5% |
| Paraguay | 22.8 | 6.2 | 0.2 | 8.9 | -26.9% |
| Belize | 0.5 | 0.6 | 0.1 | 2.1 | 61.3% |
| Costa Rica | 2.4 | 5.7 | 0.9 | 1.5 | -14.5% |
| Aruba | 0.2 | N/A | 0.2 | 0.8 | 58.7% |
| Jamaica | 8.5 | N/A | N/A | 0.3 | -67.2% |
| Colombia | 75.6 | 4.1 | N/A | 0.1 | -89.0% |
| Ecuador | 9.6 | 2.7 | 13.3 | N/A | 17.7% |
| Others | 1.4 | N/A | 0.9 | 4.5 | 47.6% |
| Total | 128 | 33.3 | 41.2 | 49.3 | -27.2% |
Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Panama in 2022:
- Guatemala (7.4 tons)
- Paraguay (1.5 tons)
- Chile (1.2 tons)
- Costa Rica (0.7 tons)
- Aruba (0.4 tons)
- Belize (0.3 tons)
- Jamaica (0.2 tons)
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