Price for Navigational Instruments and Appliances; Parts and Accessories in Panama - 2024
Contents:
- Price for Navigational Instruments and Appliances; Parts and Accessories in Panama (FOB) - 2022
- Price for Navigational Instruments and Appliances; Parts and Accessories in Panama (CIF) - 2022
- Exports of Navigational Instruments and Appliances; Parts and Accessories in Panama
- Imports of Navigational Instruments and Appliances; Parts and Accessories in Panama
Price for Navigational Instruments and Appliances; Parts and Accessories in Panama (FOB) - 2022
The average export price for navigational instruments and appliances; parts and accessorieses stood at $357,100 per ton in 2022, leveling off at the previous year. In general, the export price saw a strong expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 172% against the previous year. The export price peaked at $455,411 per ton in 2016; however, from 2017 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 Trinidad and Tobago ($1,152,700 per ton), while the average price for exports to Guatemala ($67,507 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 (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Navigational Instruments and Appliances; Parts and Accessories in Panama (CIF) - 2022
In 2022, the average import price for navigational instruments and appliances; parts and accessorieses amounted to $253,372 per ton, falling by -6.8% against the previous year. In general, the import price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 416% against the previous year. As a result, import price attained the peak level of $393,209 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($395,772 per ton), while the price for the United States ($82,846 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Navigational Instruments and Appliances; Parts and Accessories in Panama
In 2022, overseas shipments of navigational instruments and appliances; parts and accessorieses increased by 178% to 2.7 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a sharp setback.
In value terms, exports of navigational instruments and appliances; parts and accessorieses soared to $960K in 2022. In general, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Navigational Instruments and Appliances; Parts and Accessories in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 646 | 104 | 8.2 | 613 | -1.7% |
| Trinidad and Tobago | 73.3 | 27.6 | 100 | 69.2 | -1.9% |
| United States | 33.4 | 32.4 | 77.1 | 57.6 | 19.9% |
| Guatemala | 0.4 | N/A | N/A | 5.1 | 133.6% |
| Denmark | 0.1 | N/A | 22.3 | 0.9 | 108.0% |
| Spain | 25.3 | 3.0 | 12.2 | N/A | -30.6% |
| Others | 28.8 | 243 | 122 | 214 | 95.1% |
| Total | 807 | 410 | 342 | 960 | 6.0% |
Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Panama in 2022:
- Netherlands (2286.0 kg)
- United States (128.0 kg)
- Guatemala (75.0 kg)
- Trinidad and Tobago (60.0 kg)
- Denmark (15.0 kg)
Imports of Navigational Instruments and Appliances; Parts and Accessories in Panama
Imports of navigational instruments and appliances; parts and accessorieses into Panama surged to 3.5 tons in 2022, jumping by 86% against 2021. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of navigational instruments and appliances; parts and accessorieses surged to $898K in 2022. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Navigational Instruments and Appliances; Parts and Accessories in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 28.0 | 203 | 303 | 693 | 191.4% |
| Italy | N/A | 19.3 | N/A | 88.7 | 114.4% |
| Thailand | N/A | N/A | N/A | 30.8 | 0% |
| United States | 70.7 | 9.0 | 30.2 | 26.9 | -27.5% |
| Denmark | N/A | 61.5 | 47.3 | 24.3 | -37.1% |
| Japan | 0.4 | 8.5 | 20.4 | 15.9 | 241.3% |
| Netherlands | 63.3 | 3.3 | 94.8 | N/A | 22.4% |
| Others | 27.2 | 19.7 | 21.0 | 19.1 | -11.1% |
| Total | 190 | 325 | 517 | 898 | 67.8% |
Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Panama in 2022:
- Germany (2664.0 kg)
- United States (325.0 kg)
- Italy (224.0 kg)
- Japan (93.0 kg)
- Thailand (78.0 kg)
- Denmark (62.0 kg)
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