Panama - Clasp Knives - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Panama - Clasp Knives - Market Analysis, Forecast, Size, Trends And Insights

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Clasp Knife Price in Panama - 2024

Contents:

  1. Clasp Knife Price in Panama (CIF) - 2022
  2. Clasp Knife Price in Panama (FOB) - 2022
  3. Clasp Knife Imports in Panama
  4. Clasp Knife Exports in Panama

Clasp Knife Price in Panama (CIF) - 2022

The average clasp knife import price stood at $1.8 per unit in 2022, approximately reflecting the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clasp knife import price increased by +7.7% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 91% against the previous year. The import price peaked at $2.8 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($4.1 per unit), while the price for China ($1.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+46.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Clasp Knife Price in Panama (FOB) - 2022

The average clasp knife export price stood at $0.9 per unit in 2022, dropping by -18% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 30% against the previous year. As a result, the export price reached the peak level of $1.1 per unit, and then contracted markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($1.9 per unit), while the average price for exports to Nicaragua ($0.1 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 Venezuela (+30.9%), while the prices for the other major destinations experienced more modest paces of growth.

Clasp Knife Imports in Panama

Clasp knife imports into Panama shrank to 112K units in 2022, which is down by -11% compared with the year before. Overall, imports saw a significant decline. The growth pace was the most rapid in 2021 with an increase of 2% against the previous year. Imports peaked at 238K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, clasp knife imports reduced to $206K in 2022. Over the period under review, imports recorded a significant curtailment. The growth pace was the most rapid in 2021 when imports increased by 9.6%. Over the period under review, imports hit record highs at $614K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Clasp Knife in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Free Zones58.936.687.383.112.2%
China16912180.561.4-28.6%
United States48.420.636.240.8-5.5%
Brazil5.89.910.04.1-10.9%
Mexico10.68.98.11.2-51.6%
South Korea172N/AN/AN/A0%
Vietnam137N/AN/AN/A0%
Others12.913.99.315.97.2%
Total614211231206-30.5%

Top Suppliers of Clasp Knife to Panama in 2022:

  1. China (46.9K units)
  2. Free Zones (43.9K units)
  3. United States (17.9K units)
  4. Brazil (1.3K units)
  5. Mexico (0.3K units)

Clasp Knife Exports in Panama

For the third consecutive year, Panama recorded decline in shipments abroad of clasp knives, which decreased by -24.7% to 24K units in 2022. Over the period under review, exports showed a dramatic contraction. The smallest decline of -3.9% was in 2021. The exports peaked at 54K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, clasp knife exports fell markedly to $22K in 2022. Overall, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. Over the period under review, the exports hit record highs at $56K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Clasp Knife in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Aruba8.06.48.98.62.4%
Costa Rica5.47.44.43.5-13.5%
Grenada2.32.61.63.09.3%
Jamaica1.92.10.92.611.0%
Trinidad and Tobago3.30.44.01.9-16.8%
Guyana1.50.11.20.9-15.7%
Belize2.91.06.70.6-40.9%
ChileN/AN/A4.40.4-90.9%
NicaraguaN/AN/AN/A0.40%
Ecuador0.12.4N/A0.344.2%
Guatemala22.84.42.8N/A-65.0%
Bahamas2.90.4N/AN/A-86.2%
Colombia0.5N/A0.1N/A-55.3%
Others4.71.71.30.2-65.1%
Total56.429.036.222.4-26.5%

Top Export Markets for Clasp Knife from Panama in 2022:

  1. Jamaica (7.4K units)
  2. Aruba (4.4K units)
  3. Grenada (3.2K units)
  4. Nicaragua (2.6K units)
  5. Costa Rica (2.5K units)
  6. Trinidad and Tobago (1.4K units)
  7. Guyana (1.1K units)
  8. Belize (1.0K units)
  9. Chile (0.3K units)
  10. Ecuador (0.2K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the clasp knife market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 25711160 - Clasp knives

Country coverage:

  • Panama

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Panama
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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