Panama - Public-Transport Passenger Motor Vehicles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBus Price in Panama - 2023
Contents:
- Bus Price in Panama (CIF) - 2023
- Bus Price in Panama (FOB) - 2022
- Bus Imports in Panama
- Bus Exports in Panama
Bus Price in Panama (CIF) - 2023
The average bus import price stood at $68,324 per unit in September 2023, growing by 2.1% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 59% m-o-m. Over the period under review, average import prices hit record highs at $96,783 per unit in November 2022; afterwards, it flattened through to September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Brazil ($107K per unit), while the price for South Korea ($37,352 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Brazil (+11.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Bus Price in Panama (FOB) - 2022
The average bus export price stood at $48,796 per unit in 2022, declining by -63.5% against the previous year. Overall, the export price, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 166% against the previous year. Over the period under review, the average export prices reached the peak figure at $133,579 per unit in 2021, and then shrank rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($59,656 per unit), while the average price for exports to Guatemala ($921 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 Jamaica (+170.2%), while the prices for the other major destinations experienced more modest paces of growth.
Bus Imports in Panama
In 2022, imports of public-transport passenger motor vehicles into Panama skyrocketed to 451 units, growing by 94% against 2021. Over the period under review, imports, however, showed a abrupt setback. Imports peaked at 614 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, bus imports skyrocketed to $18M in 2022. Overall, imports, however, recorded a abrupt slump. Imports peaked at $31M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Bus in Panama (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 15.3 | 8.0 | 8.7 | 7.7 | -20.5% |
South Korea | 7.1 | 1.7 | 2.3 | 6.4 | -3.4% |
China | 0.5 | 0.8 | 0.5 | 2.4 | 68.7% |
Brazil | 4.6 | 0.4 | N/A | 1.1 | -37.9% |
United States | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
Others | 2.9 | 1.6 | 1.1 | 0.3 | -53.1% |
Total | 30.5 | 12.5 | 12.6 | 18.1 | -16.0% |
Top Suppliers of Bus to Panama in 2022:
- South Korea (274.0 units)
- Japan (94.0 units)
- China (52.0 units)
- Brazil (17.0 units)
- United States (7.0 units)
Bus Exports in Panama
In 2022, after three years of growth, there was significant decline in shipments abroad of public-transport passenger motor vehicles, when their volume decreased by -19.6% to 37 units. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 24%. Over the period under review, the exports reached the maximum at 46 units in 2021, and then fell sharply in the following year.
In value terms, bus exports declined rapidly to $1.8M in 2022. In general, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 46% against the previous year. As a result, the exports reached the peak of $6.1M, and then contracted rapidly in the following year.
Export of Bus in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nigeria | N/A | N/A | 510 | 1,611 | 215.9% |
Costa Rica | N/A | 3.3 | 80.4 | 98.2 | 445.5% |
Guyana | N/A | 5.5 | N/A | 69.3 | 255.0% |
Belize | 863 | N/A | N/A | 15.8 | -73.6% |
Aruba | N/A | N/A | 1,098 | 10.5 | -99.0% |
Guatemala | 282 | 7.3 | N/A | 0.9 | -85.3% |
Barbados | N/A | 4,189 | 4,319 | N/A | 3.1% |
Burkina Faso | 1,462 | N/A | N/A | N/A | 0% |
Ghana | 871 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | 137 | N/A | 0% |
Total | 3,479 | 4,205 | 6,145 | 1,805 | -19.6% |
Top Export Markets for Bus from Panama in 2022:
- Nigeria (27.0 units)
- Costa Rica (4.0 units)
- Guyana (3.0 units)
- Guatemala (1.0 units)
- Aruba (1.0 units)
- Belize (1.0 units)
This report provides an in-depth analysis of the bus market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29103000 - Motor vehicles for the transport of . .10 persons
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the bus market in Panama.
This report provides an in-depth analysis of the global bus market.
This report provides an in-depth analysis of the bus market in Panama.
This report provides an in-depth analysis of the global bus market.
Discover the leading countries in the import market for buses and the key statistics behind their import activities. Learn how these countries drive the demand for sustainable transportation solutions through bus imports.
In 2016, the amount of motor vehicle imported worldwide stood at X tons, reducing by -X% against the previous year figure. Overall, motor vehicle imports continue to indicate a relatively flat ...
In 2016, the amount of motor vehicle imported worldwide stood at X tons, reducing by -X% against the previous year figure. Overall, motor vehicle imports continue to indicate a relatively flat ...
Discover the leading countries in the import market for buses and the key statistics behind their import activities. Learn how these countries drive the demand for sustainable transportation solutions through bus imports.
In 2016, the amount of motor vehicle imported worldwide stood at X tons, reducing by -X% against the previous year figure. Overall, motor vehicle imports continue to indicate a relatively flat ...
In 2016, the amount of motor vehicle imported worldwide stood at X tons, reducing by -X% against the previous year figure. Overall, motor vehicle imports continue to indicate a relatively flat ...