Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Panama - 2024
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Panama (CIF) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Panama (FOB) - 2022
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Panama
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Panama
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Panama (CIF) - 2022
In 2022, the average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $45 per thousand units, increasing by 13% against the previous year. In general, the import price saw a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 58%. The import price peaked at $48 per thousand units in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
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 Free Zones ($113 per thousand units), while the price for China ($20 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Panama (FOB) - 2022
The average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $45 per thousand units in 2022, approximately mirroring the previous year. In general, the export price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 105%. Over the period under review, the average export prices hit record highs at $79 per thousand units in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($132 per thousand units), while the average price for exports to Belize ($11 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Panama
Imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment into Panama surged to 543M units in 2022, picking up by 27% compared with the year before. In general, imports, however, recorded a abrupt downturn. Over the period under review, imports of attained the maximum at 702M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment skyrocketed to $24M in 2022. Over the period under review, imports, however, recorded a deep slump. Over the period under review, imports of hit record highs at $34M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 9.9 | 3.6 | 5.9 | 6.8 | -11.8% |
| China | 8.1 | 6.1 | 4.6 | 5.0 | -14.9% |
| Germany | 0.5 | 0.1 | 0.1 | 2.7 | 75.4% |
| United States | 4.1 | 2.6 | 2.7 | 2.6 | -14.1% |
| South Africa | 1.8 | N/A | 0.1 | 1.4 | -8.0% |
| Brazil | 1.3 | 0.1 | 0.4 | 1.1 | -5.4% |
| Australia | 0.3 | N/A | N/A | 0.8 | 38.7% |
| Mexico | 0.7 | 1.5 | 0.8 | 0.5 | -10.6% |
| Spain | 1.0 | 0.9 | 0.4 | 0.3 | -33.1% |
| Hong Kong SAR | 0.7 | 0.2 | 0.1 | 0.1 | -47.7% |
| Others | 5.4 | 1.9 | 1.7 | 2.9 | -18.7% |
| Total | 33.7 | 17.1 | 16.9 | 24.2 | -10.5% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Panama in 2022:
- China (252.7M units)
- Free Zones (59.8M units)
- Germany (53.7M units)
- South Africa (47.5M units)
- United States (44.3M units)
- Brazil (25.0M units)
- Australia (11.1M units)
- Hong Kong SAR (7.1M units)
- Mexico (6.7M units)
- Spain (3.8M units)
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Panama
For the fourth year in a row, Panama recorded growth in shipments abroad of electrical circuit prefabricated elements, connectors, contact elements and other equipment, which increased by 51% to 56M units in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment surged to $2.5M in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 119%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 340 | 414 | 1,103 | 984 | 42.5% |
| Guatemala | 256 | 112 | 258 | 367 | 12.8% |
| Guyana | 33.4 | 23.5 | 22.6 | 324 | 113.3% |
| Dominican Republic | 84.1 | 32.3 | 53.2 | 265 | 46.6% |
| Colombia | 9.0 | 5.3 | 39.0 | 87.2 | 113.2% |
| Jamaica | 66.8 | 27.0 | 21.4 | 86.9 | 9.2% |
| Ecuador | 32.9 | 40.2 | 8.5 | 44.6 | 10.7% |
| Nigeria | N/A | 9.7 | N/A | N/A | 0% |
| Others | 259 | 97.6 | 163 | 363 | 11.9% |
| Total | 1,081 | 761 | 1,669 | 2,522 | 32.6% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Panama in 2022:
- Costa Rica (13.3M units)
- Guyana (12.6M units)
- Dominican Republic (11.1M units)
- Colombia (5.2M units)
- Jamaica (3.1M units)
- Guatemala (2.8M units)
- Ecuador (2.8M units)
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