Panama - Radio Remote Control Apparatus - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRemote Control Apparatus Price in Panama - 2022
Contents:
- Remote Control Apparatus Price in Panama (CIF) - 2022
- Remote Control Apparatus Price in Panama (FOB) - 2022
- Remote Control Apparatus Imports in Panama
- Remote Control Apparatus Exports in Panama
Remote Control Apparatus Price in Panama (CIF) - 2022
In 2022, the average remote control apparatus import price amounted to $2.3 per unit, reducing by -36.1% against the previous year. Overall, the import price, however, showed a mild increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 96%. The import price peaked at $4.7 per unit in 2016; however, from 2017 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 Spain ($7.4 per unit), while the price for Free Zones ($1.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Remote Control Apparatus Price in Panama (FOB) - 2022
In 2022, the average remote control apparatus export price amounted to $17 per unit, flattening at the previous year. Over the period under review, the export price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2013 an increase of 91%. The export price peaked at $20 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($24 per unit), while the average price for exports to Trinidad and Tobago ($14 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 Belize (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Remote Control Apparatus Imports in Panama
In 2022, approx. 362K units of radio remote control apparatus were imported into Panama; rising by 91% on the year before. Overall, imports, however, recorded a sharp curtailment. Imports peaked at 768K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, remote control apparatus imports surged to $847K in 2022. Over the period under review, imports, however, showed a precipitous contraction. Over the period under review, imports attained the maximum at $1.9M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Remote Control Apparatus in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,065 | 271 | 297 | 476 | -23.5% |
Free Zones | 13.5 | 17.6 | 35.1 | 65.8 | 69.5% |
Spain | 57.3 | 24.9 | 9.8 | 41.5 | -10.2% |
China | 480 | 135 | 62.5 | 21.9 | -64.3% |
Hong Kong SAR | 53.4 | 0.2 | 11.1 | 11.2 | -40.6% |
South Korea | 64.9 | 29.8 | 13.4 | 8.5 | -49.2% |
Others | 172 | 286 | 265 | 222 | 8.9% |
Total | 1,906 | 764 | 694 | 847 | -23.7% |
Top Suppliers of Remote Control Apparatus to Panama in 2022:
- United States (259.9K units)
- Free Zones (58.3K units)
- China (9.5K units)
- Spain (5.6K units)
- South Korea (4.3K units)
- Hong Kong SAR (3.2K units)
Remote Control Apparatus Exports in Panama
In 2022, shipments abroad of radio remote control apparatus decreased by 0% to 9.4K units, falling for the second year in a row after two years of growth. Overall, exports faced a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 2.8%. As a result, the exports reached the peak of 19K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, remote control apparatus exports stood at $158K in 2022. Over the period under review, exports faced a sharp setback. The smallest decline of -13.6% was in 2020. The exports peaked at $365K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Remote Control Apparatus in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Venezuela | 14.4 | 116 | N/A | 39.4 | 39.9% |
Suriname | 0.3 | 87.3 | N/A | 29.8 | 363.1% |
Colombia | 72.3 | 18.8 | N/A | 19.4 | -35.5% |
Dominican Republic | 106 | 1.2 | N/A | 16.7 | -46.0% |
Trinidad and Tobago | 9.6 | 25.8 | N/A | 8.8 | -2.9% |
Chile | 51.4 | 0.1 | N/A | 8.2 | -45.8% |
United States | 25.8 | 4.9 | N/A | 7.7 | -33.2% |
Nicaragua | 10.9 | 13.6 | N/A | 4.6 | -25.0% |
Belize | 0.1 | 3.8 | N/A | 4.4 | 253.0% |
Guatemala | 15.4 | 8.9 | N/A | 3.9 | -36.7% |
Costa Rica | 10.7 | 4.6 | N/A | 3.8 | -29.2% |
Argentina | 25.2 | N/A | N/A | N/A | 0% |
Others | 23.2 | 30.6 | N/A | 10.8 | -22.5% |
Total | 365 | 315 | N/A | 158 | -24.4% |
Top Export Markets for Remote Control Apparatus from Panama in 2022:
- Venezuela (2570.0 units)
- Suriname (1631.0 units)
- Colombia (1365.0 units)
- Dominican Republic (1120.0 units)
- Trinidad and Tobago (624.0 units)
- Chile (338.0 units)
- United States (338.0 units)
- Nicaragua (308.0 units)
- Belize (280.0 units)
- Costa Rica (272.0 units)
- Guatemala (260.0 units)
This report provides an in-depth analysis of the remote control apparatus 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 26512080 - Radio remote control apparatus (including for ships, pilotless aircraft, rockets, missiles, toys, and model ships or aircraft, for machines, for the detonation of mines)
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
-
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
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