Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Panama - 2023

Contents:

1. Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Panama (CIF) - 2022
2. Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Panama (FOB) - 2022
3. Imports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Panama
4. Exports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Panama

Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Panama (CIF) - 2022

In 2022, the average import price for electric generators amounted to $50,146 per unit, growing by 76% against the previous year. Overall, the import price saw a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 1,491%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($126,854 per unit), while the price for Taiwan (Chinese) ($234 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+125.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Panama (FOB) - 2022

In 2022, the average export price for electric generators amounted to $5,380 per unit, remaining relatively unchanged against the previous year. In general, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 325%. Over the period under review, the average export prices reached the peak figure at $10,813 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($58,335 per unit), while the average price for exports to Antigua and Barbuda ($7 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 Guatemala (+61.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Panama

Imports of electric generators into Panama reduced sharply to 18 units in 2022, dropping by -50% compared with 2021 figures. Overall, imports showed a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. Imports peaked at 60 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of electric generators shrank to $903K in 2022. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 13%. Imports peaked at $1.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA to Panama in 2022:

1. United States (5.0 units)
2. Brazil (2.0 units)
3. India (2.0 units)
4. China (2.0 units)
5. Free Zones (2.0 units)
6. Netherlands (1.0 units)
7. Italy (1.0 units)
8. Taiwan (Chinese) (1.0 units)
9. Mexico (1.0 units)
10. France (1.0 units)

Exports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Panama

For the third consecutive year, Panama recorded decline in overseas shipments of electric generators, which decreased by 0% to 21 units in 2022. Overall, exports saw a drastic downturn. The smallest decline of -8% was in 2020. Over the period under review, the exports of reached the peak figure at 25 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electric generators totaled $113K in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 291% against the previous year. As a result, the exports reached the peak of $226K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA from Panama in 2022:

1. Colombia (1.0 units)
2. Cuba (1.0 units)
3. El Salvador (1.0 units)
4. Greece (1.0 units)
5. Costa Rica (1.0 units)
6. Guatemala (1.0 units)
7. Antigua and Barbuda (1.0 units)
8. Barbados (1.0 units)
9. Chile (1.0 units)
10. Guyana (1.0 units)
11. Dominican Republic (1.0 units)
12. Belize (1.0 units)
13. Ecuador (1.0 units)

Source: IndexBox Market Intelligence Platform