Single Loudspeaker Price in Panama - 2022

Contents:

  1. Single Loudspeaker Price in Panama (CIF) - 2022
  2. Single Loudspeaker Price in Panama (FOB) - 2022
  3. Single Loudspeaker Imports in Panama
  4. Single Loudspeaker Exports in Panama

Single Loudspeaker Price in Panama (CIF) - 2022

The average single loudspeaker import price stood at $18 per unit in 2022, picking up by 11% against the previous year. In general, the import price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 12% against the previous year. The import price peaked at $28 per unit in 2017; however, from 2018 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 the United States ($448 per unit), while the price for China ($9.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Single Loudspeaker Price in Panama (FOB) - 2022

The average single loudspeaker export price stood at $55 per unit in 2022, surging by 30% against the previous year. In general, the export price, however, showed a abrupt decline. The pace of growth was the most pronounced in 2018 an increase of 116%. Over the period under review, the average export prices reached the peak figure at $176 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($107 per unit), while the average price for exports to Honduras ($43 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 Mexico (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Single Loudspeaker Imports in Panama

In 2022, supplies from abroad of single loudspeakers (in enclosure) was finally on the rise to reach 236K units after two years of decline. Overall, imports, however, continue to indicate a sharp decline. Imports peaked at 903K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, single loudspeaker imports surged to $4.4M in 2022. In general, imports, however, recorded a dramatic decline. Imports peaked at $15M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Single Loudspeaker in Panama (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States5.11.81.31.7-30.7%
Free Zones2.11.11.31.5-10.6%
China7.43.80.50.6-56.7%
Others0.60.90.40.60.0%
Total15.17.63.54.4-33.7%

Top Suppliers of Single Loudspeaker to Panama in 2022:

  1. China (62.2K units)
  2. United States (3.9K units)
  3. Free Zones (3.4K units)

Single Loudspeaker Exports in Panama

In 2022, approx. 24K units of single loudspeakers (in enclosure) were exported from Panama; with a decrease of -45% against 2021 figures. In general, exports, however, saw a notable expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 118%. As a result, the exports reached the peak of 44K units, and then contracted notably in the following year.

In value terms, single loudspeaker exports dropped remarkably to $1.3M in 2022. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 35%. As a result, the exports attained the peak of $1.9M, and then contracted rapidly in the following year.

Export of Single Loudspeaker in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile62.515957043590.9%
Costa Rica37.757.211111846.3%
Honduras30.11150.611154.5%
Venezuela88.265.21811097.3%
Argentina4.824.996.881.2156.7%
Ecuador83.765.296.065.9-7.7%
Guyana8.666.076.663.895.0%
Peru13.317.663.749.855.3%
Paraguay1503.137.946.0-32.6%
Mexico2.713.537.922.9103.9%
Belize5.513.024.721.457.3%
Colombia3372212.51.7-82.8%
Guatemala21.462.13530.6-69.6%
Others796494201200-36.9%
Total1,6411,3781,8541,326-6.9%

Top Export Markets for Single Loudspeaker from Panama in 2022:

  1. Chile (6.7K units)
  2. Honduras (2.6K units)
  3. Costa Rica (1.6K units)
  4. Venezuela (1.0K units)
  5. Ecuador (0.9K units)
  6. Paraguay (0.8K units)
  7. Argentina (0.8K units)
  8. Guyana (0.6K units)
  9. Peru (0.5K units)
  10. Mexico (0.4K units)
  11. Belize (0.3K units)

Source: IndexBox Market Intelligence Platform

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Free Data: Single Loudspeakers (In Enclosure) - Panama