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Panama - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMicrowave Oven Price in Panama - 2023
Contents:
- Microwave Oven Price in Panama (CIF) - 2022
- Microwave Oven Price in Panama (FOB) - 2022
- Microwave Oven Imports in Panama
- Microwave Oven Exports in Panama
Microwave Oven Price in Panama (CIF) - 2022
In 2022, the average microwave oven import price amounted to $78 per unit, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2017 an increase of 17% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($78 per unit) and China ($78 per unit), while the price for the United States ($78 per unit) and Free Zones ($78 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Microwave Oven Price in Panama (FOB) - 2022
The average microwave oven export price stood at $57 per unit in 2022, shrinking by -9.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 22%. The export price peaked at $122 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Guyana ($71 per unit) and Jamaica ($70 per unit), while the average price for exports to Curacao ($52 per unit) and Nicaragua ($52 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (-5.3%), while the prices for the other major destinations experienced a decline.
Microwave Oven Imports in Panama
For the third consecutive year, Panama recorded decline in supplies from abroad of microwave ovens, which decreased by -27.7% to 62K units in 2022. Over the period under review, imports showed a significant decrease. The smallest decline of -19.7% was in 2021. Imports peaked at 177K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, microwave oven imports reduced sharply to $4.8M in 2022. In general, imports saw a sharp descent. The smallest decline of -12.3% was in 2021. Over the period under review, imports attained the maximum at $12M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Microwave Oven in Panama (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Free Zones | 2.0 | 1.5 | 2.7 | 2.4 | 6.3% |
China | 7.6 | 4.7 | 2.6 | 1.4 | -43.1% |
Malaysia | 0.9 | 0.6 | 0.8 | 0.7 | -8.0% |
United States | 0.5 | 0.2 | 0.2 | 0.2 | -26.3% |
Hong Kong SAR | 0.7 | 0.3 | N/A | N/A | -57.1% |
Others | 0.2 | 0.1 | 0.2 | N/A | 0.0% |
Total | 11.8 | 7.5 | 6.5 | 4.8 | -25.9% |
Top Suppliers of Microwave Oven to Panama in 2022:
- Free Zones (31.3K units)
- China (18.1K units)
- Malaysia (9.0K units)
- United States (2.5K units)
Microwave Oven Exports in Panama
In 2022, overseas shipments of microwave ovens were finally on the rise to reach 10K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a dramatic contraction. The exports peaked at 20K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, microwave oven exports totaled $570K in 2022. Over the period under review, exports, however, faced a dramatic setback. The exports peaked at $1.3M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Microwave Oven in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Costa Rica | 158 | 135 | 77.5 | 85.4 | -18.5% |
Cuba | 172 | 135 | 77.3 | 85.2 | -20.9% |
Venezuela | 71.7 | 92.9 | 53.2 | 58.6 | -6.5% |
Guatemala | 78.3 | 40.5 | 30.5 | 33.6 | -24.6% |
Nicaragua | 47.7 | 45.0 | 25.7 | 28.4 | -15.9% |
Dominican Republic | 94.8 | 27.6 | 25.6 | 28.3 | -33.2% |
El Salvador | 38.4 | 21.0 | 14.9 | 16.4 | -24.7% |
Guyana | 32.9 | 11.4 | 12.3 | 13.6 | -25.5% |
Jamaica | 23.3 | 11.3 | 10.2 | 11.3 | -21.4% |
Colombia | 36.8 | 6.1 | 10.0 | 11.1 | -32.9% |
Ecuador | 30.1 | 15.8 | 9.0 | 10.3 | -30.1% |
Honduras | 14.0 | 15.6 | 8.9 | 9.8 | -11.2% |
Curacao | 16.3 | 14.3 | 8.2 | 9.0 | -18.0% |
Others | 453 | 227 | 153 | 169 | -28.0% |
Total | 1,267 | 799 | 516 | 570 | -23.4% |
Top Export Markets for Microwave Oven from Panama in 2022:
- Costa Rica (1655.0 units)
- Cuba (1651.0 units)
- Venezuela (1135.0 units)
- Nicaragua (550.0 units)
- Guatemala (494.0 units)
- Dominican Republic (438.0 units)
- El Salvador (256.0 units)
- Ecuador (193.0 units)
- Guyana (192.0 units)
- Honduras (190.0 units)
- Curacao (175.0 units)
- Jamaica (160.0 units)
- Colombia (157.0 units)
This report provides an in-depth analysis of the microwave oven 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 27512700 - Domestic microwave ovens
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
-
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
-
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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