Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Panama - 2023

Contents:

1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Panama (CIF) - 2022
2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Panama (FOB) - 2022
3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Panama
4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Panama

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Panama (CIF) - 2022

In 2022, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs amounted to $10,502 per unit, jumping by 24% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs increased by +52.9% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($13,999 per unit), while the price for Taiwan (Chinese) ($2,108 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Panama (FOB) - 2022

The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $11,924 per unit in 2022, approximately reflecting the previous year. In general, the export price saw pronounced growth. The pace of growth was the most pronounced in 2014 an increase of 51% against the previous year. Over the period under review, the average export prices reached the peak figure at $12,054 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.

From 2012 to 2022, the rate of growth in terms of prices for Nicaragua amounted to +13.9% per year.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Panama

Imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs into Panama contracted to 887 units in 2022, which is down by -13.3% compared with 2021. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 82% against the previous year. Imports peaked at 1.1K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs expanded notably to $9.3M in 2022. Overall, total imports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +105.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to Panama in 2022:

1. India (242.0 units)
2. United States (229.0 units)
3. Indonesia (172.0 units)
4. Brazil (88.0 units)
5. Taiwan (Chinese) (65.0 units)
6. China (44.0 units)
7. Mexico (20.0 units)
8. Japan (16.0 units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Panama

In 2022, overseas shipments of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs decreased by 0% to 12 units, falling for the second year in a row after two years of growth. Overall, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 25% against the previous year. As a result, the exports attained the peak of 25 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $143K in 2022. Over the period under review, exports faced a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 19%. As a result, the exports attained the peak of $286K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from Panama in 2022:

1. Dominican Republic (1.0 units)

Source: IndexBox Market Intelligence Platform