Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Panama - 2023

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Panama (CIF) - 2022
2. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Panama (FOB) - 2022
3. Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Panama
4. Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Panama

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Panama (CIF) - 2022

In 2022, the average import price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses amounted to $2,294 per unit, rising by 9.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 30%. As a result, import price attained the peak level of $2,402 per unit. From 2019 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Colombia ($3,350 per unit) and Free Zones ($2,339 per unit), while the price for Italy ($2,264 per unit) and the United States ($2,291 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Panama (FOB) - 2022

The average export price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses stood at $3,589 per unit in 2020, waning by -3.5% against the previous year. Over the period under review, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 56%. As a result, the export price reached the peak level of $3,720 per unit, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for Trinidad and Tobago.

From 2012 to 2020, the rate of growth in terms of prices for Honduras amounted to +81.8% per year.

Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Panama

In 2022, the amount of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses imported into Panama soared to 205 units, rising by 163% on 2021 figures. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses skyrocketed to $470K in 2022. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices to Panama in 2022:

1. United States (98.0 units)
2. China (63.0 units)
3. Italy (31.0 units)
4. Free Zones (11.0 units)
5. Colombia (1.0 units)

Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Panama

In 2020, approx. 3 units of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses were exported from Panama; picking up by 50% against the previous year's figure. In general, total exports indicated a significant expansion from 2019 to 2020: its volume increased at an average annual rate of +50.0% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded 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 machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses soared to $11K in 2020. Over the period under review, total exports indicated a significant expansion from 2019 to 2020: its value increased at an average annual rate of +44.7% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices from Panama in 2022:

1. Trinidad and Tobago (1.0 units)

Source: IndexBox Market Intelligence Platform