Price for Machinery; Parts of the Machinery of Heading No. 8425 in Panama - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Panama (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Panama (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Panama
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Panama
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Panama (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8425 stood at $12,823 per ton in 2022, falling by -27.8% against the previous year. Overall, the import price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 113%. Over the period under review, average import prices attained the maximum at $17,769 per ton in 2021, and then declined significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($34,079 per ton), while the price for China ($4,729 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Panama (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $11,121 per ton, standing approx. at the previous year. In general, the export price continues to indicate temperate growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 236% against the previous year. As a result, the export price reached the peak level of $25,274 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($14,969 per ton), while the average price for exports to Trinidad and Tobago ($3,240 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 the Netherlands (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Panama
In 2022, purchases abroad of machinery; parts of the machinery of heading no. 8425 decreased by -3.7% to 24 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 15%. As a result, imports reached the peak of 139 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 fell notably to $310K in 2022. Over the period under review, imports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 35% against the previous year. As a result, imports attained the peak of $2.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
Import of Machinery; Parts of the Machinery of Heading No. 8425 in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 633 | 508 | 0.9 | 162 | -36.5% |
United States | 107 | 168 | 174 | 38.1 | -29.1% |
China | 645 | 984 | 22.4 | 23.7 | -66.8% |
Italy | 7.1 | 1.4 | 12.5 | 18.2 | 36.9% |
Free Zones | 4.3 | 15.4 | 59.2 | 18.0 | 61.2% |
Spain | 26.5 | 113 | 84.3 | 16.3 | -15.0% |
South Korea | 38.4 | 18.5 | 0.3 | 4.5 | -51.1% |
Germany | 52.4 | 59.3 | 25.4 | 2.0 | -66.3% |
Mexico | 24.5 | 106 | N/A | N/A | 332.7% |
Others | 61.3 | 190 | 67.2 | 26.7 | -24.2% |
Total | 1,599 | 2,164 | 446 | 310 | -42.1% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Panama in 2022:
- Belgium (12.2 tons)
- China (5.0 tons)
- United States (3.2 tons)
- Italy (1.1 tons)
- Free Zones (1.1 tons)
- Spain (0.5 tons)
- South Korea (0.4 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Panama
In 2022, overseas shipments of machinery; parts of the machinery of heading no. 8425 decreased by -25.9% to 4.8 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 5.8% against the previous year. As a result, the exports attained the peak of 7.8 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 declined dramatically to $53K in 2022. Over the period under review, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 3.6%.
Export of Machinery; Parts of the Machinery of Heading No. 8425 in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ecuador | 6.4 | 20.9 | 13.2 | 22.9 | 53.0% |
Costa Rica | 7.3 | 4.4 | 5.3 | 9.4 | 8.8% |
Guatemala | 55.2 | 37.7 | 12.4 | 9.0 | -45.4% |
United States | N/A | N/A | N/A | 6.3 | 0% |
Dominican Republic | N/A | N/A | 3.9 | 4.8 | 23.1% |
Trinidad and Tobago | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
Norway | N/A | N/A | 29.4 | N/A | 0% |
Belgium | 9.6 | N/A | N/A | N/A | 0% |
Netherlands | N/A | 3.5 | 2.2 | N/A | -37.1% |
Others | 11.2 | 2.5 | 4.9 | 0.8 | -58.5% |
Total | 89.7 | 69.1 | 71.6 | 53.5 | -15.8% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Panama in 2022:
- Ecuador (1659.0 kg)
- Guatemala (1290.0 kg)
- Costa Rica (844.0 kg)
- Dominican Republic (451.0 kg)
- United States (421.0 kg)
- Trinidad and Tobago (75.0 kg)
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