Price for Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in Panama - 2022
Contents:
- Price for Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in Panama (CIF) - 2022
- Price for Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in Panama (FOB) - 2022
- Imports of Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in Panama
- Exports of Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in Panama
Price for Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in Panama (CIF) - 2022
The average import price for textile machinery; for extruding, drawing, texturing or cutting man-made textile materialses stood at $3,213 per unit in 2022, reducing by -29.7% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 66%. Over the period under review, average import prices hit record highs at $9,483 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Free Zones ($6,170 per unit), while the price for Germany ($20 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.2%), while the prices for the other major suppliers experienced a decline.
Price for Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in Panama (FOB) - 2022
The average export price for textile machinery; for extruding, drawing, texturing or cutting man-made textile materialses stood at $1,133 per unit in 2020, jumping by 18,235% against the previous year. In general, the export price recorded a resilient expansion. Over the period under review, the average export prices reached the maximum at $3,600 per unit in 2018; however, from 2019 to 2020, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was the United States ($4,037 per unit), while the average price for exports to Colombia ($5 per unit) was amongst the lowest.
From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+159.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in Panama
In 2022, purchases abroad of textile machinery; for extruding, drawing, texturing or cutting man-made textile materialses decreased by -36.8% to 12 units, falling for the second year in a row after two years of growth. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 75%. As a result, imports attained the peak of 21 units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of textile machinery; for extruding, drawing, texturing or cutting man-made textile materialses declined significantly to $39K in 2022. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 104% against the previous year. As a result, imports reached the peak of $116K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 22.5 | 38.2 | 34.4 | 23.5 | 1.5% |
| Free Zones | 2.6 | 1.7 | 12.0 | 12.3 | 67.9% |
| China | 13.4 | 41.4 | 28.1 | 1.5 | -51.8% |
| Italy | 1.9 | 2.5 | 1.8 | 0.9 | -22.0% |
| United States | 7.1 | 6.3 | 0.5 | 0.1 | -75.9% |
| Hong Kong SAR | 3.5 | 7.2 | 0.1 | 0.1 | -69.4% |
| Spain | 0.3 | 0.1 | 0.1 | N/A | -42.3% |
| Dominican Republic | N/A | 18.1 | N/A | N/A | 0% |
| Germany | N/A | 0.1 | N/A | N/A | 0% |
| France | 1.8 | N/A | N/A | N/A | 0% |
| Others | 3.5 | N/A | 9.9 | N/A | 68.2% |
| Total | 56.6 | 116 | 86.9 | 38.6 | -12.0% |
Top Suppliers of Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials to Panama in 2022:
- Taiwan (Chinese) (4.0 units)
- Free Zones (2.0 units)
- Italy (1.0 units)
- United States (1.0 units)
- Germany (1.0 units)
- Spain (1.0 units)
- China (1.0 units)
- Hong Kong SAR (1.0 units)
Exports of Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in Panama
In 2020, approx. 12 units of textile machinery; for extruding, drawing, texturing or cutting man-made textile materialses were exported from Panama; picking up by 9.1% on the previous year. The total export volume increased at an average annual rate of +9.1% over the period from 2019 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of textile machinery; for extruding, drawing, texturing or cutting man-made textile materialses soared to $14K in 2020. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials in Panama (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Trinidad and Tobago | 16.0 | 4,128 | 25700.0% | ||
| United States | 19.0 | 4,037 | 21147.4% | ||
| Venezuela | 10.0 | 2,439 | 24290.0% | ||
| Guyana | 4.0 | 1,025 | 25525.0% | ||
| Nicaragua | 2.0 | 970 | 48400.0% | ||
| Paraguay | 12.0 | 797 | 6541.7% | ||
| Guatemala | 1.0 | 113 | 11200.0% | ||
| Dominican Republic | 1.0 | 58.0 | 5700.0% | ||
| Ecuador | 1.0 | 19.0 | 1800.0% | ||
| Costa Rica | 1.0 | 10.0 | 900.0% | ||
| Colombia | 1.0 | 5.0 | 400.0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 68.0 | 13,601 | 19901.5% | ||
Top Export Markets for Textile Machinery; for Extruding, Drawing, Texturing or Cutting Man-Made Textile Materials from Panama in 2022:
- Trinidad and Tobago (2.0 units)
- Nicaragua (1.0 units)
- Costa Rica (1.0 units)
- United States (1.0 units)
- Guatemala (1.0 units)
- Colombia (1.0 units)
- Guyana (1.0 units)
- Paraguay (1.0 units)
- Dominican Republic (1.0 units)
- Venezuela (1.0 units)
- Ecuador (1.0 units)
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