Illuminated Sign Price in Panama - 2022
Contents:
- Illuminated Sign Price in Panama (CIF) - 2022
- Illuminated Sign Price in Panama (FOB) - 2022
- Illuminated Sign Imports in Panama
- Illuminated Sign Exports in Panama
Illuminated Sign Price in Panama (CIF) - 2022
The average illuminated sign import price stood at $13,410 per ton in 2022, reducing by -14.6% against the previous year. In general, the import price showed a slight curtailment. The pace of growth appeared the most rapid in 2013 an increase of 31% against the previous year. As a result, import price attained the peak level of $21,047 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($21,840 per ton), while the price for China ($6,650 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+5.3%), while the prices for the other major suppliers experienced a decline.
Illuminated Sign Price in Panama (FOB) - 2022
In 2022, the average illuminated sign export price amounted to $13,150 per ton, which is down by -16.2% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 93% against the previous year. As a result, the export price reached the peak level of $25,561 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($14,588 per ton), while the average price for exports to Venezuela ($12,407 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.
Illuminated Sign Imports in Panama
In 2022, illuminated sign imports into Panama fell to 73 tons, with a decrease of -6.4% on the previous year. In general, imports recorded a sharp descent. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year.
In value terms, illuminated sign imports fell significantly to $976K in 2022. Over the period under review, imports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year.
| Import of Illuminated Sign in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 351 | 9.3 | 455 | 282 | -7.0% |
| United States | 778 | 363 | 104 | 200 | -36.4% |
| Costa Rica | 731 | 168 | 215 | 177 | -37.7% |
| China | 478 | 208 | 239 | 156 | -31.2% |
| Spain | 200 | 7.2 | 57.3 | 40.2 | -41.4% |
| South Korea | 116 | 48.1 | 33.6 | 32.3 | -34.7% |
| Guatemala | 0.1 | 1.6 | 34.2 | 21.2 | 496.3% |
| Others | 379 | 88.2 | 82.8 | 67.3 | -43.8% |
| Total | 3,033 | 893 | 1,220 | 976 | -31.5% |
Top Suppliers of Illuminated Sign to Panama in 2022:
- China (23.4 tons)
- Colombia (18.0 tons)
- Costa Rica (11.9 tons)
- United States (9.2 tons)
- Spain (3.8 tons)
- South Korea (2.1 tons)
- Guatemala (1.6 tons)
Illuminated Sign Exports in Panama
Illuminated sign exports from Panama dropped dramatically to 479 kg in 2022, which is down by -58.1% compared with 2021 figures. In general, exports saw a sharp descent. The smallest decline of -29.5% was in 2020.
In value terms, illuminated sign exports declined significantly to $6.3K in 2022. Over the period under review, exports faced a significant curtailment. The smallest decline of -28.6% was in 2020.
| Export of Illuminated Sign in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 26.6 | 1.2 | 0.1 | 3.0 | -51.7% |
| Costa Rica | 7.1 | 9.3 | 0.2 | 1.8 | -36.7% |
| Cuba | 13.3 | 0.1 | 0.4 | 1.5 | -51.7% |
| Ecuador | 9.0 | 3.0 | N/A | N/A | -66.7% |
| Free Zones | N/A | N/A | 17.1 | N/A | 0% |
| Dominican Republic | 37.0 | 134 | N/A | N/A | 262.2% |
| Colombia | 19.8 | 2.7 | N/A | N/A | -86.4% |
| Guatemala | 13.3 | 2.9 | N/A | N/A | -78.2% |
| United States | 20.4 | 5.8 | N/A | N/A | -71.6% |
| Nicaragua | 12.8 | 6.6 | N/A | N/A | -48.4% |
| El Salvador | 24.7 | 3.0 | N/A | N/A | -87.9% |
| Curacao | 5.8 | 7.0 | N/A | N/A | 20.7% |
| Honduras | 19.1 | 9.5 | N/A | N/A | -50.3% |
| Others | 109 | 41.2 | 0.1 | N/A | -97.0% |
| Total | 318 | 227 | 18.0 | 6.3 | -72.9% |
Top Export Markets for Illuminated Sign from Panama in 2022:
- Venezuela (243.0 kg)
- Costa Rica (134.0 kg)
- Cuba (102.0 kg)
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