Electric Filament Lamp Price in Panama - 2023

Electric Filament Lamp Price in Panama (CIF) - 2022

In 2022, the average electric filament lamp import price amounted to $0.2 per unit, reducing by -15.8% against the previous year. Over the period under review, the import price showed a noticeable decline. The pace of growth was the most pronounced in 2017 when the average import price increased by 88%. Over the period under review, average import prices hit record highs at $0.6 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Hong Kong SAR ($0.6 per unit), while the price for China ($0.2 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 (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Electric Filament Lamp Price in Panama (FOB) - 2022

In 2022, the average electric filament lamp export price amounted to $1.5 per unit, flattening at the previous year. Overall, the export price, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 66%. The export price peaked at $1.5 per unit in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($1.9 per unit), while the average price for exports to Nicaragua ($0.8 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 Cuba (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Filament Lamp Imports in Panama

In 2022, after two years of decline, there was significant growth in overseas purchases of electric filament lamps, when their volume increased by 11% to 4.5M units. In general, imports, however, continue to indicate a sharp contraction. Over the period under review, imports reached the maximum at 9.7M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, electric filament lamp imports contracted to $993K in 2022. Overall, imports, however, saw a sharp decrease. Imports peaked at $4.4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Electric Filament Lamp in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,228	1,281	391	501	-39.2%
Free Zones	408	301	347	234	-16.9%
United States	282	168	128	88.5	-32.0%
South Korea	41.6	28.5	39.2	60.9	13.5%
India	1,132	365	16.0	3.5	-85.4%
Others	295	295	141	106	-28.9%
Total	4,388	2,439	1,062	993	-39.1%

Top Suppliers of Electric Filament Lamp to Panama in 2022:

China (3174.1K units)
Free Zones (899.6K units)
United States (159.1K units)
South Korea (133.6K units)
India (5.5K units)

Electric Filament Lamp Exports in Panama

In 2022, overseas shipments of electric filament lamps increased by 2.2% to 1.2M units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a precipitous decline. Over the period under review, the exports attained the maximum at 3.1M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric filament lamp exports stood at $1.7M in 2022. Over the period under review, exports, however, showed a dramatic curtailment. The exports peaked at $3.4M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Electric Filament Lamp in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Guatemala	598	455	274	275	-22.8%
Costa Rica	434	266	148	166	-27.4%
Colombia	217	301	163	164	-8.9%
Nicaragua	263	308	159	159	-15.4%
El Salvador	283	300	155	155	-18.2%
Venezuela	177	271	139	140	-7.5%
Honduras	176	97.3	87.0	87.3	-20.8%
Trinidad and Tobago	79.0	24.8	79.0	79.3	0.1%
Dominican Republic	178	47.7	63.1	63.4	-29.1%
Chile	10.7	112	57.6	57.8	75.5%
Cuba	38.3	27.2	50.0	50.2	9.4%
Ecuador	122	14.1	30.7	32.9	-35.4%
Free Zones	149	29.6	N/A	N/A	-80.1%
Others	659	352	268	272	-25.5%
Total	3,385	2,607	1,673	1,702	-20.5%