Panama - Microphones And Their Stands - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMicrophone Price in Panama - 2023
Contents:
- Microphone Price in Panama (CIF) - 2022
- Microphone Price in Panama (FOB) - 2022
- Microphone Imports in Panama
- Microphone Exports in Panama
Microphone Price in Panama (CIF) - 2022
In 2022, the average microphone import price amounted to $21 per unit, with a decrease of -14.5% against the previous year. Overall, the import price faced a abrupt contraction. The growth pace was the most rapid in 2016 an increase of 33% against the previous year. The import price peaked at $68 per unit in 2012; however, from 2013 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 South Korea ($50 per unit), while the price for Hong Kong SAR ($4.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.9%), while the prices for the other major suppliers experienced a decline.
Microphone Price in Panama (FOB) - 2022
In 2022, the average microphone export price amounted to $45 per unit, which is down by -18.3% against the previous year. Overall, the export price recorded a sharp descent. The growth pace was the most rapid in 2017 when the average export price decreased by -0.8%. The export price peaked at $808 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 Chile ($164 per unit), while the average price for exports to Togo ($2 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 Paraguay (+10.0%), while the prices for the other major destinations experienced a decline.
Microphone Imports in Panama
After two years of decline, overseas purchases of microphones and their stands increased by 1.8% to 34K units in 2022. Overall, imports, however, continue to indicate a deep reduction. Imports peaked at 55K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, microphone imports declined to $699K in 2022. In general, imports, however, continue to indicate a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 4.5%. Imports peaked at $1.4M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Microphone in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 386 | 172 | 272 | 294 | -8.7% |
| Free Zones | 148 | 82.1 | 164 | 145 | -0.7% |
| China | 617 | 372 | 239 | 144 | -38.4% |
| Mexico | 90.9 | 11.1 | 10.4 | 79.9 | -4.2% |
| Germany | 33.1 | 5.7 | 8.2 | 13.0 | -26.8% |
| Others | 113 | 125 | 109 | 22.5 | -41.6% |
| Total | 1,388 | 768 | 802 | 699 | -20.4% |
Top Suppliers of Microphone to Panama in 2022:
- China (11.5K units)
- Free Zones (10.9K units)
- United States (6.1K units)
- Mexico (3.6K units)
- Germany (0.5K units)
Microphone Exports in Panama
In 2022, the amount of microphones and their stands exported from Panama soared to 7.5K units, rising by 57% compared with 2021. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, microphone exports soared to $340K in 2022. Overall, exports, however, recorded a deep contraction. Over the period under review, the exports hit record highs at $418K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Microphone in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 5.5 | 1.6 | 106 | 161 | 208.2% |
| Costa Rica | 32.6 | 9.8 | 22.9 | 42.7 | 9.4% |
| Cuba | 4.0 | 39.0 | 26.9 | 28.7 | 92.9% |
| Venezuela | 2.3 | 28.1 | 19.4 | 20.7 | 108.0% |
| Saint Kitts and Nevis | 9.3 | 13.8 | 11.4 | 14.5 | 16.0% |
| Paraguay | 29.9 | 0.1 | 8.5 | 12.0 | -26.2% |
| Mexico | 10.4 | 12.7 | 8.7 | 9.1 | -4.4% |
| Honduras | 9.1 | 2.4 | 7.9 | 8.4 | -2.6% |
| Hong Kong SAR | 56.1 | N/A | N/A | 4.1 | -58.2% |
| Togo | N/A | N/A | N/A | 2.2 | 0% |
| Ecuador | 30.6 | 3.8 | 0.3 | 0.9 | -69.1% |
| Colombia | 38.5 | 142 | 1.1 | 0.5 | -76.5% |
| Belize | 4.1 | 0.8 | 0.3 | 0.1 | -71.0% |
| Others | 186 | 111 | 50.6 | 34.8 | -42.8% |
| Total | 418 | 366 | 264 | 340 | -6.7% |
Top Export Markets for Microphone from Panama in 2022:
- Costa Rica (1352.0 units)
- Togo (1097.0 units)
- Chile (983.0 units)
- Cuba (866.0 units)
- Venezuela (655.0 units)
- Saint Kitts and Nevis (457.0 units)
- Paraguay (331.0 units)
- Mexico (279.0 units)
- Honduras (266.0 units)
- Hong Kong SAR (101.0 units)
- Ecuador (31.0 units)
- Colombia (18.0 units)
- Belize (10.0 units)
This report provides an in-depth analysis of the microphone 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 26404100 - Microphones and their stands (excluding cordless microphones with a transmitter)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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