Speed Changer Price in Panama - 2022

Contents:

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

Speed Changer Price in Panama (CIF) - 2022

In 2022, the average speed changer import price amounted to $19,246 per ton, rising by 3.3% against the previous year. Overall, the import price recorded a resilient increase. The growth pace was the most rapid in 2017 when the average import price increased by 93% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($35,913 per ton), while the price for South Korea ($8,350 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+63.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Price in Panama (FOB) - 2022

The average speed changer export price stood at $18,932 per ton in 2022, with an increase of 8.6% against the previous year. In general, the export price saw a resilient expansion. The pace of growth was the most pronounced in 2017 an increase of 86% against the previous year. The export price peaked at $21,573 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Nicaragua ($19,643 per ton) and Guatemala ($19,316 per ton), while the average price for exports to Costa Rica ($18,502 per ton) and Honduras ($18,673 per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Speed Changer Imports in Panama

Speed changer imports into Panama expanded sharply to 361 tons in 2022, picking up by 6.5% against the previous year's figure. In general, imports, however, continue to indicate a abrupt descent.

In value terms, speed changer imports expanded remarkably to $6.9M in 2022. Over the period under review, imports, however, continue to indicate a abrupt decline.

Top Suppliers of Speed Changer to Panama in 2022:

1. United States (103.2 tons)
2. Brazil (52.5 tons)
3. Free Zones (50.3 tons)
4. China (27.8 tons)
5. Germany (24.4 tons)
6. Mexico (22.9 tons)
7. Italy (18.8 tons)
8. South Korea (18.4 tons)
9. Australia (11.2 tons)

Speed Changer Exports in Panama

Speed changer exports from Panama declined to 32 tons in 2022, with a decrease of -3.3% on 2021 figures. In general, exports faced a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 7.2% against the previous year.

In value terms, speed changer exports reached $598K in 2022. Overall, exports faced a precipitous decrease.

Top Export Markets for Speed Changer from Panama in 2022:

1. Guatemala (6.5 tons)
2. Venezuela (5.8 tons)
3. Dominican Republic (4.4 tons)
4. El Salvador (3.8 tons)
5. Colombia (1.9 tons)
6. Costa Rica (1.7 tons)
7. Honduras (1.5 tons)

Source: IndexBox Market Intelligence Platform