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Panama - Loudspeakers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLoudspeaker Price in Panama - 2023
Contents:
- Loudspeaker Price in Panama (CIF) - 2023
- Loudspeaker Price in Panama (FOB) - 2022
- Loudspeaker Imports in Panama
- Loudspeaker Exports in Panama
Loudspeaker Price in Panama (CIF) - 2023
In July 2023, the average loudspeaker import price amounted to $12.4 per unit, with a decrease of -8.5% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 36% m-o-m. The import price peaked at $18.6 per unit in September 2022; however, from October 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($22.8 per unit), while the price for Free Zones ($8.4 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Loudspeaker Price in Panama (FOB) - 2022
In 2022, the average loudspeaker export price amounted to $51 per unit, surging by 13% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, loudspeaker export price increased by +34.9% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 34%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($69 per unit), while the average price for exports to Peru ($45 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 Nicaragua (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.
Loudspeaker Imports in Panama
For the third year in a row, Panama recorded decline in overseas purchases of loudspeakers, which decreased by -43.3% to 881K units in 2022. Over the period under review, imports showed a sharp downturn. The smallest decline of -15.8% was in 2021. Over the period under review, imports reached the maximum at 2.4M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, loudspeaker imports fell to $13M in 2022. Overall, imports saw a significant decline. Over the period under review, imports hit record highs at $50M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Loudspeaker in Panama (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Free Zones | 7.8 | 5.5 | 8.6 | 6.1 | -7.9% |
United States | 7.8 | 3.4 | 2.7 | 3.9 | -20.6% |
China | 21.2 | 17.3 | 2.8 | 2.4 | -51.6% |
Vietnam | 4.9 | 2.2 | N/A | N/A | -55.1% |
Indonesia | 2.2 | 0.6 | N/A | N/A | -72.7% |
Others | 5.9 | 3.1 | 0.3 | 0.6 | -53.3% |
Total | 49.9 | 32.2 | 14.4 | 13.0 | -36.1% |
Top Suppliers of Loudspeaker to Panama in 2022:
- Free Zones (568.0K units)
- China (215.8K units)
- United States (81.3K units)
- Vietnam (0.1K units)
Loudspeaker Exports in Panama
In 2022, approx. 66K units of loudspeakers were exported from Panama; which is down by -42.6% on the previous year's figure. In general, exports faced a precipitous setback. The smallest decline of -17% was in 2020. Over the period under review, the exports hit record highs at 992K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, loudspeaker exports contracted sharply to $3.4M in 2022. Over the period under review, exports continue to indicate a dramatic shrinkage. The smallest decline of -16.9% was in 2020. The exports peaked at $38M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Loudspeaker in Panama (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Colombia | 5.5 | 4.3 | 0.8 | 0.5 | -55.0% |
Chile | 2.7 | 2.5 | 0.4 | 0.3 | -51.9% |
United States | 3.2 | 2.6 | 0.4 | 0.2 | -60.3% |
Ecuador | 2.6 | 1.4 | 0.3 | 0.2 | -57.5% |
Brazil | 0.8 | 0.6 | 0.1 | 0.1 | -50.0% |
Honduras | 0.9 | 1.3 | 0.2 | 0.1 | -51.9% |
El Salvador | 1.3 | 1.1 | 0.2 | 0.1 | -57.5% |
Nicaragua | 1.3 | 1.6 | 0.2 | 0.1 | -57.5% |
Costa Rica | 1.5 | 1.3 | 0.2 | 0.1 | -59.5% |
Guatemala | 1.9 | 1.6 | 0.2 | 0.1 | -62.5% |
Peru | 1.1 | 0.6 | 0.1 | 0.1 | -55.0% |
Venezuela | 1.9 | 1.6 | 0.2 | 0.1 | -62.5% |
Dominican Republic | 1.0 | 0.6 | 0.1 | 0.1 | -53.6% |
Others | 12.0 | 10.2 | 1.8 | 1.2 | -53.6% |
Total | 37.8 | 31.4 | 5.2 | 3.4 | -55.2% |
Top Export Markets for Loudspeaker from Panama in 2022:
- Colombia (10.8K units)
- Chile (5.4K units)
- United States (4.8K units)
- Ecuador (3.3K units)
- Venezuela (2.7K units)
- Honduras (2.3K units)
- Nicaragua (1.9K units)
- El Salvador (1.8K units)
- Guatemala (1.8K units)
- Costa Rica (1.7K units)
- Dominican Republic (1.7K units)
- Peru (1.6K units)
- Brazil (1.4K units)
This report provides an in-depth analysis of the loudspeaker 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 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)
- Prodcom 26404237 - Multiple loudspeakers mounted in the same enclosure (including frames or cabinets mainly designed for mounting loudspeakers)
- Prodcom 26404239 - Loudspeakers (including speaker drive units, frames or cabinets mainly designed for mounting loudspeakers) (excluding those mounted in their enclosures)
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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