Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Panama - 2022
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Panama (CIF) - 2022
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Panama (FOB) - 2022
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Panama
- Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Panama
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Panama (CIF) - 2022
In 2022, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $12,787 per unit, with an increase of 203% against the previous year. Over the period under review, the import price saw a significant increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 489%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($20,965 per unit), while the price for Colombia ($657 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+57.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Panama (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $1,700 per unit, leveling off at the previous year. Over the period under review, the export price recorded a perceptible decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by 71%. As a result, the export price attained the peak level of $6,230 per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($6,361 per unit), while the average price for exports to Belize ($20 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 the Netherlands (+107.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Panama
In 2022, the amount of electric motors; AC motors, multi-phase, of an output exceeding 75kWs imported into Panama shrank significantly to 26 units, with a decrease of -74.8% on the year before. In general, imports continue to indicate a significant contraction. The smallest decline of -1.9% was in 2021. Over the period under review, imports of hit record highs at 184 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs plummeted to $332K in 2022. Over the period under review, imports saw a precipitous contraction. The smallest decline of -23.2% was in 2021. Imports peaked at $954K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 67.1 | 44.2 | 32.6 | 210 | 46.3% |
| Germany | 10.2 | 15.4 | 9.5 | 23.8 | 32.6% |
| Finland | 38.3 | 14.6 | 8.5 | 21.0 | -18.2% |
| Brazil | 239 | 93.5 | 62.6 | 16.9 | -58.6% |
| China | 21.9 | 16.2 | 0.4 | 11.4 | -19.6% |
| Hong Kong SAR | 0.1 | 2.0 | 1.9 | 7.9 | 329.1% |
| Spain | 1.0 | 2.7 | 0.2 | 0.8 | -7.2% |
| Colombia | 1.5 | 0.2 | 0.6 | 0.7 | -22.4% |
| Norway | 75.4 | 0.2 | 28.2 | N/A | -38.8% |
| South Korea | 244 | 1.8 | 53.4 | N/A | -53.2% |
| Japan | 11.5 | 110 | 13.0 | N/A | 6.3% |
| Greece | 92.0 | 148 | 88.5 | N/A | -1.9% |
| Turkey | 54.8 | 18.4 | 4.7 | N/A | -70.7% |
| Others | 96.6 | 99.7 | 131 | 40.3 | -25.3% |
| Total | 954 | 567 | 435 | 332 | -29.7% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Panama in 2022:
- United States (14.0 units)
- Germany (3.0 units)
- Brazil (2.0 units)
- Hong Kong SAR (2.0 units)
- Finland (1.0 units)
- Colombia (1.0 units)
- China (1.0 units)
- Spain (1.0 units)
Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Panama
For the third year in a row, Panama recorded decline in overseas shipments of electric motors; AC motors, multi-phase, of an output exceeding 75kWs, which decreased by 0% to 15 units in 2022. Over the period under review, exports saw a precipitous decline. The smallest decline of -90% was in 2020. Over the period under review, the exports of attained the peak figure at 200 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs totaled $26K in 2022. Overall, exports showed a dramatic decline. The smallest decline of -95.6% was in 2020. The exports peaked at $1.1M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 137 | 26.5 | N/A | 6.4 | -64.0% |
| Colombia | 2.2 | 0.9 | N/A | 4.8 | 29.7% |
| Netherlands | 46.5 | 12.4 | N/A | 4.5 | -54.1% |
| Nicaragua | 52.5 | 1.3 | N/A | 1.5 | -69.4% |
| Jamaica | 4.8 | 1.8 | N/A | 0.4 | -56.3% |
| Costa Rica | 9.1 | 0.9 | N/A | 0.4 | -64.7% |
| Spain | 2.9 | 0.9 | N/A | 0.4 | -48.3% |
| Honduras | 2.0 | 0.3 | N/A | 0.1 | -63.2% |
| Guatemala | 2.4 | 0.3 | N/A | 0.1 | -65.3% |
| Dominican Republic | 3.2 | 0.6 | N/A | 0.1 | -68.5% |
| South Korea | 1.3 | 0.3 | N/A | 0.1 | -57.5% |
| Belize | 0.6 | 0.1 | N/A | N/A | -83.3% |
| Guyana | 0.6 | 0.1 | N/A | N/A | -83.3% |
| Others | 881 | 4.6 | N/A | 6.7 | -80.3% |
| Total | 1,146 | 51.0 | N/A | 25.5 | -71.9% |
Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Panama in 2022:
- Jamaica (1.0 units)
- Netherlands (1.0 units)
- Honduras (1.0 units)
- Greece (1.0 units)
- Costa Rica (1.0 units)
- Guatemala (1.0 units)
- Colombia (1.0 units)
- Guyana (1.0 units)
- Dominican Republic (1.0 units)
- Belize (1.0 units)
- Nicaragua (1.0 units)
- South Korea (1.0 units)
- Spain (1.0 units)
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This report provides an in-depth analysis of the ac/dc motor market in Panama.
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This report provides an in-depth analysis of the dc motor market in Panama.
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This report provides an in-depth analysis of the global ac/dc motor market.
1145
This report provides an in-depth analysis of the global dc motor market.
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China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
236
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
892
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1222
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
