Fluorescent Discharge Lamps Price in Panama - 2023

Fluorescent Discharge Lamps Price in Panama (CIF) - 2022

The average fluorescent discharge lamps import price stood at $1.7 per unit in 2022, with an increase of 17% against the previous year. Overall, the import price, however, recorded a slight curtailment. The growth pace was the most rapid in 2017 when the average import price increased by 29%. The import price peaked at $2.1 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($8.3 per unit), while the price for El Salvador ($1.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+45.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Fluorescent Discharge Lamps Price in Panama (FOB) - 2022

The average fluorescent discharge lamps export price stood at $2.7 per unit in 2022, remaining relatively unchanged against the previous year. Overall, the export price recorded a measured increase. The most prominent rate of growth was recorded in 2021 an increase of 107%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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 Germany ($6.9 per unit), while the average price for exports to Colombia ($0.6 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 Venezuela (+83.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Discharge Lamps Imports in Panama

In 2022, approx. 1.1M units of fluorescent discharge lamps were imported into Panama; waning by -39.3% compared with the previous year's figure. Over the period under review, imports continue to indicate a precipitous shrinkage. The smallest decline of -7% was in 2020. Over the period under review, imports hit record highs at 4.4M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, fluorescent discharge lamps imports declined remarkably to $1.9M in 2022. Overall, imports faced a precipitous contraction. The smallest decline of -9.3% was in 2020. Over the period under review, imports hit record highs at $8.7M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Fluorescent Discharge Lamps in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	5,817	4,172	1,340	857	-47.2%
Free Zones	1,224	687	756	564	-22.8%
United States	600	605	186	180	-33.1%
Mexico	167	156	67.4	67.7	-26.0%
Colombia	299	145	30.4	15.5	-62.7%
Poland	9.4	1,252	N/A	0.3	-68.3%
India	226	100	0.1	N/A	-97.9%
Others	311	729	221	171	-18.1%
Total	8,654	7,847	2,602	1,855	-40.2%

Top Suppliers of Fluorescent Discharge Lamps to Panama in 2022:

China (636.1K units)
Free Zones (301.0K units)
United States (52.2K units)
Mexico (42.6K units)
Colombia (4.4K units)

Fluorescent Discharge Lamps Exports in Panama

For the third year in a row, Panama recorded decline in shipments abroad of fluorescent discharge lamps, which decreased by -53% to 270K units in 2022. In general, exports saw a precipitous setback. The smallest decline of -30.5% was in 2020. Over the period under review, the exports reached the peak figure at 2.8M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, fluorescent discharge lamps exports reduced rapidly to $716K in 2022. Over the period under review, exports showed a dramatic decrease. The smallest decline of -32.3% was in 2020. The exports peaked at $3.6M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Fluorescent Discharge Lamps in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	N/A	N/A	N/A	225	0%
Guyana	426	89.0	36.4	83.5	-41.9%
Dominican Republic	42.9	N/A	4.4	51.3	6.1%
Costa Rica	783	296	44.1	35.9	-64.2%
Suriname	57.0	8.9	17.1	17.5	-32.5%
Aruba	21.5	15.5	12.9	15.3	-10.7%
Trinidad and Tobago	32.8	22.4	10.7	14.1	-24.5%
Jamaica	102	51.1	7.3	9.9	-54.0%
Belize	244	85.2	24.1	1.8	-80.5%
Guatemala	1,685	1,325	221	1.0	-91.6%
Belgium	N/A	184	N/A	N/A	0%
Others	219	370	1,124	260	5.9%
Total	3,613	2,446	1,502	716	-41.7%