Price for Automatic Circuit Breakers for Under 1000 V in Panama - 2024
Contents:
- Price for Automatic Circuit Breakers for Under 1000 V in Panama (CIF) - 2024
- Price for Automatic Circuit Breakers for Under 1000 V in Panama (FOB) - 2022
- Imports of Automatic Circuit Breakers for Under 1000 V in Panama
- Exports of Automatic Circuit Breakers for Under 1000 V in Panama
Price for Automatic Circuit Breakers for Under 1000 V in Panama (CIF) - 2024
The average import price for automatic circuit breakers for under 1000 v stood at $24.2 per unit in March 2024, surging by 15% against the previous month. Over the period from March 2023 to March 2024, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in July 2023 an increase of 23% against the previous month. The import price peaked at $27.6 per unit in September 2023; however, from October 2023 to March 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Italy ($15.9 per unit), while the price for China ($5.7 per unit) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Free Zones (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Automatic Circuit Breakers for Under 1000 V in Panama (FOB) - 2022
The average export price for automatic circuit breakers for under 1000 v stood at $11 per unit in 2022, rising by 19% against the previous year. Overall, the export price, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by 40%. Over the period under review, the average export prices reached the peak figure at $14 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Barbados ($28 per unit), while the average price for exports to Belize ($0.9 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 Trinidad and Tobago (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Automatic Circuit Breakers for Under 1000 V in Panama
In 2022, approx. 1.5M units of automatic circuit breakers for under 1000 v were imported into Panama; declining by -15.7% against the previous year. Over the period under review, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by 134% against the previous year. As a result, imports attained the peak of 1.8M units, and then shrank significantly in the following year.
In value terms, imports of automatic circuit breakers for under 1000 v soared to $11M in 2022. Overall, imports, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2021 with an increase of 121%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Automatic Circuit Breakers for Under 1000 V in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 0.1 | 0.3 | 1.0 | 3.3 | 220.8% |
| United States | 3.5 | 1.1 | 2.2 | 2.2 | -14.3% |
| Dominican Republic | 3.9 | 1.7 | 3.6 | 2.0 | -20.0% |
| Mexico | 0.5 | 0.2 | 0.5 | 1.4 | 40.9% |
| Brazil | 0.7 | 0.2 | 0.6 | 0.5 | -10.6% |
| China | 0.2 | 0.1 | 0.1 | 0.3 | 14.5% |
| Others | 0.3 | 0.2 | 0.3 | 0.8 | 38.7% |
| Total | 9.2 | 3.7 | 8.2 | 10.5 | 4.5% |
Top Suppliers of Automatic Circuit Breakers for Under 1000 V to Panama in 2022:
- Free Zones (378.3K units)
- Dominican Republic (360.3K units)
- United States (356.3K units)
- Mexico (205.0K units)
- Brazil (67.7K units)
- China (65.1K units)
Exports of Automatic Circuit Breakers for Under 1000 V in Panama
In 2022, shipments abroad of automatic circuit breakers for under 1000 v increased by 194% to 49K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a slight slump. The exports peaked at 52K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of automatic circuit breakers for under 1000 v soared to $534K in 2022. In general, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Automatic Circuit Breakers for Under 1000 V in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 7.7 | N/A | 370 | 593.2% |
| Costa Rica | 103 | 60.4 | 93.9 | 76.1 | -9.6% |
| Jamaica | 16.9 | 7.3 | 1.9 | 35.4 | 27.9% |
| Barbados | N/A | 0.2 | N/A | 29.4 | 1112.4% |
| Nicaragua | N/A | N/A | N/A | 9.8 | 0% |
| Belize | 0.6 | N/A | 0.1 | 0.7 | 5.3% |
| Guyana | 2.7 | N/A | 28.6 | 0.6 | -39.4% |
| Trinidad and Tobago | N/A | 18.7 | 2.0 | 0.1 | -92.7% |
| Guatemala | 18.2 | 8.9 | 14.4 | 0.1 | -82.4% |
| Mexico | 233 | N/A | N/A | N/A | 0% |
| Others | 7.9 | 72.6 | 11.2 | 12.2 | 15.6% |
| Total | 382 | 176 | 152 | 534 | 11.8% |
Top Export Markets for Automatic Circuit Breakers for Under 1000 V from Panama in 2022:
- United States (25.1K units)
- Jamaica (12.4K units)
- Costa Rica (7.1K units)
- Nicaragua (1.3K units)
- Barbados (1.1K units)
- Belize (0.8K units)
- Guyana (0.1K units)
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