Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Panama - 2024
Contents:
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Panama (CIF) - 2024
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Panama (FOB) - 2022
- Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Panama
- Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Panama
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Panama (CIF) - 2024
In January 2024, the average import price for insulated electric conductors for a voltage under 1000 v, fitted with connectors amounted to $13,996 per ton, growing by 3.9% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 when the average import price increased by 63% month-to-month. As a result, import price reached the peak level of $21,689 per ton. From December 2023 to January 2024, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Italy ($95,625 per ton), while the price for China ($5,354 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Mexico (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Panama (FOB) - 2022
The average export price for insulated electric conductors for a voltage under 1000 v, fitted with connectors stood at $5,164 per ton in 2022, dropping by -9.7% against the previous year. Over the period under review, the export price recorded a pronounced contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 58% against the previous year. As a result, the export price reached the peak level of $8,683 per ton. From 2018 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 Chile ($18,885 per ton), while the average price for exports to Belize ($3,299 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Panama
For the third year in a row, Panama recorded decline in purchases abroad of insulated electric conductors for a voltage under 1000 v, fitted with connectors, which decreased by -18.6% to 540 tons in 2022. In general, imports continue to indicate a sharp reduction. The smallest decline of -14.4% was in 2021.
In value terms, imports of insulated electric conductors for a voltage under 1000 v, fitted with connectors rose modestly to $7.6M in 2022. Overall, imports continue to indicate a abrupt decrease.
Import of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5,461 | 4,165 | 2,204 | 2,298 | -25.1% |
United States | 2,615 | 1,728 | 1,962 | 1,878 | -10.4% |
Free Zones | 1,006 | 941 | 1,484 | 1,098 | 3.0% |
Germany | 425 | 97.1 | 577 | 485 | 4.5% |
Sweden | 15.9 | 29.9 | 202 | 368 | 185.0% |
Mexico | 777 | 358 | 208 | 278 | -29.0% |
South Korea | 165 | 260 | 19.1 | 172 | 1.4% |
Bangladesh | N/A | N/A | N/A | 169 | 0% |
Spain | 722 | 57.1 | 40.8 | 82.6 | -51.5% |
Hong Kong SAR | 489 | 1,241 | 35.1 | 73.8 | -46.8% |
Others | 1,175 | 408 | 737 | 725 | -14.9% |
Total | 12,852 | 9,285 | 7,470 | 7,627 | -16.0% |
Top Suppliers of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors to Panama in 2022:
- China (196.3 tons)
- United States (120.1 tons)
- Free Zones (112.6 tons)
- Sweden (19.1 tons)
- Mexico (17.4 tons)
- Bangladesh (16.0 tons)
- South Korea (14.0 tons)
- Germany (9.1 tons)
- Hong Kong SAR (5.5 tons)
- Spain (3.1 tons)
Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Panama
In 2022, overseas shipments of insulated electric conductors for a voltage under 1000 v, fitted with connectors were finally on the rise to reach 394 tons after two years of decline. Overall, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of insulated electric conductors for a voltage under 1000 v, fitted with connectors soared to $2M in 2022. Over the period under review, total exports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 0.2 | 1.7 | N/A | 1,179 | 1706.5% |
Costa Rica | 332 | 323 | 275 | 355 | 2.3% |
Chile | 98.8 | 38.1 | 24.7 | 190 | 24.4% |
Guatemala | 1,057 | 665 | 646 | 30.9 | -69.2% |
Jamaica | 77.0 | 24.0 | 68.4 | 29.9 | -27.0% |
Belize | 38.1 | 6.1 | 2.2 | 7.2 | -42.6% |
Others | 293 | 445 | 237 | 233 | -7.4% |
Total | 1,896 | 1,503 | 1,253 | 2,025 | 2.2% |
Top Export Markets for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors from Panama in 2022:
- Spain (314.8 tons)
- Costa Rica (36.9 tons)
- Chile (10.1 tons)
- Jamaica (5.4 tons)
- Guatemala (4.2 tons)
- Belize (2.2 tons)
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