Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Panama - 2022
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Panama (CIF) - 2022
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Panama (FOB) - 2022
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Panama
- Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Panama
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Panama (CIF) - 2022
The average import price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $2,042 per unit in 2022, surging by 2.1% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible slump. The growth pace was the most rapid in 2014 when the average import price increased by 4.1% against the previous year. Over the period under review, average import prices attained the peak figure at $2,574 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Italy ($7,382 per unit), while the price for Costa Rica ($236 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+38.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Panama (FOB) - 2022
In 2022, the average export price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to less than $0.1 per unit, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2016 an increase of 1,521% against the previous year. Over the period under review, the average export prices hit record highs at $1,953 per unit in 2012; however, from 2013 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 ($205 per unit), while the average price for exports to Costa Rica ($16 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 Venezuela (-1.2%), while the prices for the other major destinations experienced a decline.
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Panama
After two years of decline, purchases abroad of furnaces and ovens; industrial or laboratory induction or dielectrics increased by 77% to 23 units in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics skyrocketed to $49K in 2022. Overall, imports recorded pronounced growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.7 | 4.6 | 3.1 | 14.8 | 30.2% |
| Canada | 6.7 | 4.7 | 3.2 | 11.8 | 20.8% |
| Colombia | 3.8 | 0.6 | 1.9 | 5.4 | 12.4% |
| China | 11.5 | 5.0 | 3.1 | 4.4 | -27.4% |
| United Kingdom | 2.1 | 1.3 | 0.8 | 2.4 | 4.6% |
| Germany | 3.1 | 1.6 | 0.8 | 2.3 | -9.5% |
| Belgium | 2.6 | 1.4 | 0.8 | 2.3 | -4.0% |
| United States | 2.8 | 0.7 | 0.6 | 2.2 | -7.7% |
| Spain | 3.1 | 1.5 | 0.7 | 1.8 | -16.6% |
| Netherlands | 1.5 | 0.7 | 0.3 | 0.7 | -22.4% |
| South Korea | 1.4 | 0.6 | 0.3 | 0.7 | -20.6% |
| Free Zones | 0.8 | 0.3 | 0.1 | 0.3 | -27.9% |
| Costa Rica | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 46.2 | 23.2 | 15.7 | 49.2 | 2.1% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Panama in 2022:
- Canada (5.0 units)
- United States (3.0 units)
- Colombia (3.0 units)
- Italy (2.0 units)
- China (2.0 units)
- Netherlands (1.0 units)
- Costa Rica (1.0 units)
- United Kingdom (1.0 units)
- Germany (1.0 units)
- Belgium (1.0 units)
- South Korea (1.0 units)
- Free Zones (1.0 units)
- Spain (1.0 units)
Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Panama
In 2022, shipments abroad of furnaces and ovens; industrial or laboratory induction or dielectrics decreased by 0% to 6 units, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 640%. As a result, the exports reached the peak of 37 units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of furnaces and ovens; industrial or laboratory induction or dielectrics stood at $768 in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 3,008% against the previous year. As a result, the exports reached the peak of $7.8K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Panama (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 199 | 5,630 | N/A | 523 | 38.0% |
| Guatemala | 35.0 | 1,848 | N/A | 205 | 80.3% |
| El Salvador | 10.0 | 268 | N/A | 24.0 | 33.9% |
| Costa Rica | 1.0 | 25.0 | N/A | 16.0 | 152.0% |
| Germany | 2.0 | N/A | N/A | N/A | 0% |
| Others | 3.0 | N/A | N/A | N/A | 0% |
| Total | 250 | 7,771 | N/A | 768 | 45.4% |
Top Export Markets for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric from Panama in 2022:
- Venezuela (3.0 units)
- El Salvador (1.0 units)
- Guatemala (1.0 units)
- Costa Rica (1.0 units)
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