Panama - Electrical Insulators - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Insulator Price in Panama - 2023
Contents:
- Electrical Insulator Price in Panama (CIF) - 2023
- Electrical Insulator Price in Panama (FOB) - 2022
- Electrical Insulator Imports in Panama
- Electrical Insulator Exports in Panama
Electrical Insulator Price in Panama (CIF) - 2023
In November 2023, the average electrical insulator import price amounted to $271 per thousand units, increasing by 57% against the previous month. Overall, the import price, however, recorded a noticeable slump. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 912% month-to-month. Over the period under review, average import prices attained the maximum at $3.4 per unit in July 2023; however, from August 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($732 per thousand units), while the price for Chile ($128 per thousand units) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.
Electrical Insulator Price in Panama (FOB) - 2022
In 2022, the average electrical insulator export price amounted to $0.1 per unit, remaining stable against the previous year. Overall, the export price, however, enjoyed mild growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 127%. The export price peaked at $0.7 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($0.7 per unit), while the average price for exports to Jamaica ($0.1 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 United States (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.
Electrical Insulator Imports in Panama
In 2022, the amount of electrical insulators imported into Panama stood at 9.1M units, increasing by 15% on 2021 figures. Over the period under review, imports, however, showed a pronounced setback. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. Imports peaked at 10M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, electrical insulator imports soared to $2.3M in 2022. Overall, imports posted a measured increase. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Electrical Insulator in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 655 | 253 | 494 | 988 | 14.7% |
| China | 381 | 167 | 244 | 478 | 7.9% |
| Colombia | 257 | 277 | 485 | 282 | 3.1% |
| Chile | N/A | 26.5 | 143 | 124 | 116.3% |
| Peru | 15.6 | 18.4 | 2.0 | 68.3 | 63.6% |
| Brazil | 9.4 | 9.2 | 38.3 | 62.1 | 87.6% |
| Free Zones | 119 | 101 | 70.9 | 56.0 | -22.2% |
| South Korea | 347 | 3.2 | 3.8 | 0.8 | -86.8% |
| Others | 255 | 129 | 38.6 | 211 | -6.1% |
| Total | 2,039 | 985 | 1,520 | 2,271 | 3.7% |
Top Suppliers of Electrical Insulator to Panama in 2022:
- China (3.3M units)
- United States (2.3M units)
- Colombia (1.5M units)
- Chile (0.8M units)
- Peru (0.5M units)
- Brazil (0.2M units)
- Free Zones (0.2M units)
Electrical Insulator Exports in Panama
Electrical insulator exports from Panama surged to 1.3M units in 2022, picking up by 1,435% on 2021 figures. In general, exports posted a notable expansion. The exports peaked at 1.6M units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, electrical insulator exports skyrocketed to $189K in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction. Over the period under review, the exports hit record highs at $297K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Electrical Insulator in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 0.7 | 2.7 | N/A | 162 | 514.0% |
| Jamaica | N/A | 0.6 | 0.2 | 13.4 | 372.6% |
| Guatemala | 224 | 265 | 11.2 | 4.5 | -72.8% |
| Others | 3.4 | 28.5 | 0.9 | 9.3 | 39.9% |
| Total | 228 | 297 | 12.4 | 189 | -6.1% |
Top Export Markets for Electrical Insulator from Panama in 2022:
- Costa Rica (1088.8K units)
- Jamaica (206.5K units)
- Guatemala (26.9K units)
This report provides an in-depth analysis of the electrical insulator 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 27901230 - Electrical insulators (excluding of glass or ceramics)
- Prodcom 23431030 - Electrical insulators of ceramics (excluding insulating fittings)
- Prodcom 23192500 - Glass electrical insulators (excluding insulating fittings (other than insulators) for electrical machinery, appliances or equipment)
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
139
This report provides an in-depth analysis of the electrical insulator market in Panama.
122
This report provides an in-depth analysis of the ceramic electrical insulator market in Panama.
29
This report provides an in-depth analysis of the glass electrical insulator market in Panama.
970
This report provides an in-depth analysis of the global electrical insulator market.
592
This report provides an in-depth analysis of the global ceramic electrical insulator market.
551
This report provides an in-depth analysis of the global glass electrical insulator market.
139
This report provides an in-depth analysis of the electrical insulator market in Panama.
122
This report provides an in-depth analysis of the ceramic electrical insulator market in Panama.
29
This report provides an in-depth analysis of the glass electrical insulator market in Panama.
970
This report provides an in-depth analysis of the global electrical insulator market.
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