Price for Baby Carriages and Parts Thereof in Panama - 2023

Price for Baby Carriages and Parts Thereof in Panama (CIF) - 2023

The average import price for baby carriages and parts thereoves stood at $8.2 per unit in July 2023, with an increase of 23% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $8.8 per unit in September 2022; however, from October 2022 to July 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Free Zones ($60.4 per unit), while the price for China ($43.8 per unit) was amongst the lowest.

From September 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Free Zones (+1.7%), while the prices for the other major suppliers experienced a decline.

Price for Baby Carriages and Parts Thereof in Panama (FOB) - 2022

In 2022, the average export price for baby carriages and parts thereoves amounted to $15 per unit, approximately equating the previous year. In general, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 183%. Over the period under review, the average export prices reached the peak figure at $16 per unit in 2018; however, from 2019 to 2022, the export prices remained at a 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 Guatemala ($15 per unit) and Colombia ($15 per unit), while the average price for exports to Chile ($15 per unit) and Venezuela ($15 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 Nicaragua (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Baby Carriages and Parts Thereof in Panama

For the third year in a row, Panama recorded decline in overseas purchases of baby carriages and parts thereoves, which decreased by -11.5% to 203K units in 2022. Overall, imports showed a significant curtailment. Imports peaked at 795K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, baby carriages and parts thereof imports declined to $1.4M in 2022. In general, imports recorded a dramatic shrinkage. Imports peaked at $7.2M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Baby Carriages and Parts Thereof in Panama (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Free Zones	1.0	0.7	0.8	0.8	-7.2%
China	5.5	2.7	0.3	0.4	-58.3%
United States	0.4	0.3	0.4	0.3	-9.1%
Taiwan (Chinese)	0.2	N/A	N/A	N/A	0%
Others	0.2	0.1	N/A	N/A	-50.0%
Total	7.2	3.7	1.6	1.4	-42.1%

Top Suppliers of Baby Carriages and Parts Thereof to Panama in 2022:

Free Zones (115.0K units)
China (56.2K units)
United States (29.6K units)

Exports of Baby Carriages and Parts Thereof in Panama

For the third consecutive year, Panama recorded decline in shipments abroad of baby carriages and parts thereoves, which decreased by 0% to 129K units in 2022. Over the period under review, exports recorded a significant decline. The smallest decline of -27.1% was in 2020. Over the period under review, the exports attained the peak figure at 352K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, baby carriages and parts thereof exports amounted to $1.9M in 2022. In general, exports faced a significant curtailment. The smallest decline of -25.3% was in 2020. The exports peaked at $5.2M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Baby Carriages and Parts Thereof in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Colombia	875	832	N/A	369	-25.0%
Nicaragua	823	470	N/A	271	-30.9%
El Salvador	256	296	N/A	122	-21.9%
Guatemala	212	134	N/A	87.2	-25.6%
Costa Rica	200	210	N/A	87.0	-24.2%
Honduras	193	182	N/A	80.3	-25.3%
Dominican Republic	157	181	N/A	75.0	-21.8%
Venezuela	194	180	N/A	74.6	-27.3%
Trinidad and Tobago	168	162	N/A	68.3	-25.9%
Cuba	178	105	N/A	64.5	-28.7%
Chile	315	13.5	N/A	59.3	-42.7%
Guyana	98.7	105	N/A	43.2	-24.1%
Ecuador	116	56.3	N/A	35.9	-32.4%
Others	1,381	931	N/A	491	-29.2%
Total	5,165	3,857	N/A	1,929	-28.0%