Electric Rotary Converter Price in Panama - 2022
Contents:
- Electric Rotary Converter Price in Panama (CIF) - 2022
- Electric Rotary Converter Price in Panama (FOB) - 2022
- Electric Rotary Converter Imports in Panama
- Electric Rotary Converter Exports in Panama
Electric Rotary Converter Price in Panama (CIF) - 2022
In 2022, the average electric rotary converter import price amounted to $294 per unit, growing by 5.7% against the previous year. In general, the import price saw buoyant growth. The pace of growth appeared the most rapid in 2019 an increase of 251%. As a result, import price reached the peak level of $1,453 per unit. From 2020 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Free Zones ($1,348 per unit), while the price for China ($242 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+60.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Rotary Converter Price in Panama (FOB) - 2022
The average electric rotary converter export price stood at $2,892 per unit in 2022, shrinking by -3.2% against the previous year. Overall, the export price, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 893% against the previous year. The export price peaked at $2,988 per unit in 2021, and then declined modestly in the following year.
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 Guatemala ($40,923 per unit), while the average price for exports to Cuba amounted to $458 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+74.8%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Rotary Converter Imports in Panama
In 2022, approx. 847 units of electric rotary converters were imported into Panama; rising by 67% compared with the year before. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 176%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, electric rotary converter imports skyrocketed to $249K in 2022. In general, imports, however, saw a slight decrease. Over the period under review, imports attained the peak figure at $263K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electric Rotary Converter in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 202 | 25.4 | 65.8 | 119 | -16.2% |
| Spain | 0.9 | 38.3 | 28.7 | 44.7 | 267.6% |
| United States | 25.6 | 29.7 | 11.8 | 26.9 | 1.7% |
| Free Zones | 0.4 | 0.9 | 16.9 | 26.4 | 304.1% |
| Germany | 1.8 | 11.1 | 8.3 | 12.9 | 92.8% |
| Mexico | 2.0 | 3.0 | 5.7 | 8.9 | 64.5% |
| United Kingdom | N/A | 17.6 | N/A | N/A | 0% |
| Others | 30.6 | 3.4 | 3.9 | 9.6 | -32.1% |
| Total | 263 | 129 | 141 | 249 | -1.8% |
Top Suppliers of Electric Rotary Converter to Panama in 2022:
- China (494.0 units)
- Spain (164.0 units)
- United States (81.0 units)
- Germany (53.0 units)
- Mexico (29.0 units)
- Free Zones (20.0 units)
Electric Rotary Converter Exports in Panama
In 2022, approx. 63 units of electric rotary converters were exported from Panama; which is down by -46.6% compared with 2021 figures. Overall, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 1,375% against the previous year. Over the period under review, the exports attained the peak figure at 270 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, electric rotary converter exports shrank markedly to $182K in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 2,885%. As a result, the exports reached the peak of $353K, and then contracted rapidly in the following year.
| Export of Electric Rotary Converter in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 7.1 | 8.0 | 300 | 155 | 179.5% |
| Cuba | 2.8 | 0.3 | 52.5 | 27.1 | 113.1% |
| Nicaragua | 3.0 | N/A | N/A | N/A | 0% |
| Colombia | 1.9 | N/A | N/A | N/A | 0% |
| United States | 12.2 | N/A | N/A | N/A | 0% |
| Costa Rica | 13.0 | 3.5 | N/A | N/A | -73.1% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 40.1 | 11.8 | 353 | 182 | 65.6% |
Top Export Markets for Electric Rotary Converter from Panama in 2022:
- Cuba (59.0 units)
- Guatemala (4.0 units)
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