Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Panama - 2024
Contents:
- Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Panama (CIF) - 2024
- Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Panama (FOB) - 2022
- Imports of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Panama
- Exports of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Panama
Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Panama (CIF) - 2024
In January 2024, the average import price for in-hand motor grinders, sanders and planers amounted to $88.2 per unit, almost unchanged from the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 10% against the previous month. The import price peaked at $89.0 per unit in June 2023; however, from July 2023 to January 2024, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the highest price was recorded for prices from the United States ($88.2 per unit) and Japan ($88.2 per unit), while the price for Germany ($88.2 per unit) and Vietnam ($88.2 per unit) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Germany (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Panama (FOB) - 2022
In 2022, the average export price for in-hand motor grinders, sanders and planers amounted to $72 per unit, declining by -2.7% against the previous year. Overall, the export price showed a slight contraction. The most prominent rate of growth was recorded in 2020 an increase of 37%. The export price peaked at $87 per unit in 2012; however, from 2013 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 Uruguay ($889 per unit), while the average price for exports to the UK ($34 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 the UK (+79.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Panama
Imports of in-hand motor grinders, sanders and planers into Panama surged to 134K units in 2022, growing by 118% on the previous year's figure. Over the period under review, imports, however, saw a abrupt decrease. Imports peaked at 207K units in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, imports of in-hand motor grinders, sanders and planers expanded slightly to $5.2M in 2022. In general, imports, however, faced a sharp setback. The pace of growth appeared the most rapid in 2020 when imports increased by 15%. As a result, imports attained the peak of $16M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.3 | 0.6 | 1.2 | 2.0 | 15.4% |
| China | 7.2 | 8.2 | 2.7 | 1.9 | -35.9% |
| Free Zones | 0.3 | 0.2 | 0.8 | 0.7 | 32.6% |
| Germany | 1.5 | 1.7 | 0.2 | 0.4 | -35.6% |
| Canada | N/A | N/A | N/A | 0.1 | 0% |
| Malaysia | 1.7 | 3.4 | N/A | N/A | 100.0% |
| Netherlands | N/A | 0.7 | N/A | N/A | 0% |
| Brazil | 1.5 | 1.0 | N/A | N/A | -33.3% |
| Others | 0.4 | 0.2 | 0.2 | 0.2 | -20.6% |
| Total | 13.9 | 16.0 | 5.0 | 5.2 | -27.9% |
Top Suppliers of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor to Panama in 2022:
- United States (50.8K units)
- China (48.5K units)
- Free Zones (16.8K units)
- Germany (10.7K units)
- Canada (2.1K units)
- Brazil (0.1K units)
Exports of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Panama
Exports of in-hand motor grinders, sanders and planers from Panama contracted to 12K units in 2022, with a decrease of -10.3% compared with 2021 figures. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. The exports peaked at 15K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of in-hand motor grinders, sanders and planers declined to $887K in 2022. The total export value increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. As a result, the exports attained the peak of $1M, and then fell in the following year.
| Export of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Trinidad and Tobago | 31.6 | 24.4 | 82.9 | 378 | 128.7% |
| Nicaragua | N/A | 1.4 | 0.3 | 101 | 749.4% |
| Costa Rica | 34.1 | 27.4 | 36.3 | 79.1 | 32.4% |
| Aruba | 4.1 | 6.9 | 10.4 | 49.4 | 129.3% |
| United Kingdom | 10.6 | N/A | N/A | 23.2 | 29.8% |
| Chile | 54.8 | N/A | N/A | N/A | 0% |
| Guatemala | 554 | 665 | 759 | N/A | 17.0% |
| Others | 80.9 | 33.6 | 128 | 257 | 47.0% |
| Total | 770 | 758 | 1,017 | 887 | 4.8% |
Top Export Markets for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor from Panama in 2022:
- Trinidad and Tobago (9.8K units)
- United Kingdom (0.7K units)
- Nicaragua (0.6K units)
- Costa Rica (0.4K units)
- Aruba (0.3K units)
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