Price for Knives with Cutting Blades in Panama - 2023
Contents:
- Price for Knives with Cutting Blades in Panama (CIF) - 2022
- Price for Knives with Cutting Blades in Panama (FOB) - 2022
- Imports of Knives with Cutting Blades in Panama
- Exports of Knives with Cutting Blades in Panama
Price for Knives with Cutting Blades in Panama (CIF) - 2022
In 2022, the average knives with cutting blades import price amounted to $1.1 per unit, almost unchanged from the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, knives with cutting blades import price decreased by -23.3% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 29%. As a result, import price reached the peak level of $1.4 per unit. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($3.4 per unit), while the price for Free Zones ($0.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Knives with Cutting Blades in Panama (FOB) - 2022
The average knives with cutting blades export price stood at $2.8 per unit in 2022, remaining constant against the previous year. Over the period under review, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 96% against the previous year. Over the period under review, the average export prices hit record highs at $3.8 per unit in 2018; however, from 2019 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 Trinidad and Tobago ($3.4 per unit), while the average price for exports to the United States ($2.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knives with Cutting Blades in Panama
Knives with cutting blades imports into Panama contracted dramatically to 1.8M units in 2022, dropping by -30.8% compared with the previous year's figure. Over the period under review, imports saw a sharp contraction. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year. Imports peaked at 6.2M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, knives with cutting blades imports dropped remarkably to $2M in 2022. Overall, imports faced a dramatic curtailment. The smallest decline of -4.9% was in 2021. Imports peaked at $8.8M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Knives with Cutting Blades in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5,642 | 1,436 | 1,490 | 805 | -47.7% |
United States | 555 | 222 | 346 | 340 | -15.1% |
Free Zones | 343 | 239 | 435 | 324 | -1.9% |
Netherlands | 415 | 1.0 | N/A | 212 | -20.1% |
Spain | 67.5 | 42.8 | 56.3 | 103 | 15.1% |
Brazil | 793 | 348 | 364 | 98.5 | -50.1% |
South Korea | 211 | 4.5 | 1.1 | 1.0 | -83.2% |
Vietnam | 500 | 417 | 25.6 | 0.6 | -89.4% |
Others | 286 | 277 | 123 | 99.7 | -29.6% |
Total | 8,814 | 2,987 | 2,840 | 1,983 | -39.2% |
Top Suppliers of Knives with Cutting Blades to Panama in 2022:
- China (861.0K units)
- Free Zones (402.1K units)
- United States (317.4K units)
- Spain (66.0K units)
- Netherlands (62.0K units)
- Brazil (47.8K units)
- South Korea (0.5K units)
- Vietnam (0.3K units)
Exports of Knives with Cutting Blades in Panama
Knives with cutting blades exports from Panama totaled 512K units in 2022, approximately equating the year before. In general, exports recorded a precipitous slump. The smallest decline of -19.1% was in 2020. Over the period under review, the exports attained the maximum at 1.3M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, knives with cutting blades exports stood at $1.4M in 2022. Overall, exports showed a sharp downturn. The smallest decline of -21.4% was in 2020. Over the period under review, the exports attained the maximum at $3.6M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Knives with Cutting Blades in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Colombia | 1,207 | 1,096 | N/A | 515 | -24.7% |
Venezuela | 228 | 363 | N/A | 146 | -13.8% |
Guatemala | 255 | 183 | N/A | 108 | -24.9% |
Costa Rica | 177 | 180 | N/A | 72.5 | -25.7% |
United States | 390 | 3.1 | N/A | 69.8 | -43.6% |
Brazil | 159 | 110 | N/A | 55.6 | -29.5% |
Dominican Republic | 141 | 106 | N/A | 48.9 | -29.7% |
Nicaragua | 127 | 108 | N/A | 48.6 | -27.4% |
Honduras | 124 | 69.7 | N/A | 40.7 | -31.0% |
Trinidad and Tobago | 107 | 62.9 | N/A | 32.9 | -32.5% |
Others | 732 | 587 | N/A | 296 | -26.1% |
Total | 3,647 | 2,868 | N/A | 1,434 | -26.7% |
Top Export Markets for Knives with Cutting Blades from Panama in 2022:
- Colombia (195.8K units)
- Venezuela (60.3K units)
- Guatemala (39.4K units)
- United States (33.9K units)
- Costa Rica (25.1K units)
- Brazil (21.9K units)
- Nicaragua (18.9K units)
- Dominican Republic (16.2K units)
- Honduras (12.2K units)
- Trinidad and Tobago (9.6K units)
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