Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Panama - 2023

Contents:

1. Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Panama (CIF) - 2022
2. Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Panama (FOB) - 2022
3. Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Panama
4. Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Panama

Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Panama (CIF) - 2022

The average import price for articles of apparel, clothing accessories and other articles of furskin stood at $21 per unit in 2022, surging by 16% against the previous year. In general, the import price, however, showed a slight slump. The growth pace was the most rapid in 2014 an increase of 145%. Over the period under review, average import prices hit record highs at $43 per unit in 2019; however, from 2020 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 the United States ($66 per unit), while the price for Free Zones ($12 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+48.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Panama (FOB) - 2022

In 2022, the average export price for articles of apparel, clothing accessories and other articles of furskin amounted to $374 per unit, remaining relatively unchanged against the previous year. In general, the export price enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 2,139%. As a result, the export price reached the peak level of $632 per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($16,198 per unit), while the average price for exports to France ($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 Honduras (+75.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Panama

After three years of growth, purchases abroad of articles of apparel, clothing accessories and other articles of furskin decreased by -59.8% to 2.7K units in 2022. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 267% against the previous year. Imports peaked at 6.8K units in 2021, and then contracted remarkably in the following year.

In value terms, imports of articles of apparel, clothing accessories and other articles of furskin dropped significantly to $57K in 2022. Over the period under review, imports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 76%. Imports peaked at $122K in 2021, and then dropped notably in the following year.

Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to Panama in 2022:

1. Free Zones (2334.0 units)
2. United States (340.0 units)
3. China (24.0 units)

Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Panama

In 2022, shipments abroad of articles of apparel, clothing accessories and other articles of furskin decreased by 0% to 60 units, falling for the second year in a row after two years of growth. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 344% against the previous year. As a result, the exports attained the peak of 71 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of articles of apparel, clothing accessories and other articles of furskin amounted to $22K in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 9,835%. As a result, the exports attained the peak of $45K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from Panama in 2022:

1. Colombia (44.0 units)
2. Nicaragua (2.0 units)
3. Jamaica (1.0 units)
4. Honduras (1.0 units)
5. El Salvador (1.0 units)
6. Indonesia (1.0 units)
7. Costa Rica (1.0 units)
8. France (1.0 units)
9. Guatemala (1.0 units)
10. Aruba (1.0 units)
11. Chile (1.0 units)
12. Dominican Republic (1.0 units)
13. Ecuador (1.0 units)

Source: IndexBox Market Intelligence Platform