Panama - Oil Or Petrol-Filters For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFuel Filter Price in Panama - 2023
Contents:
- Fuel Filter Price in Panama (CIF) - 2022
- Fuel Filter Price in Panama (FOB) - 2022
- Fuel Filter Imports in Panama
- Fuel Filter Exports in Panama
Fuel Filter Price in Panama (CIF) - 2022
In 2022, the average fuel filter import price amounted to $11 per unit, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2018 an increase of 15% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($11 per unit) and the United States ($11 per unit), while the price for Free Zones ($11 per unit) and China ($11 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Fuel Filter Price in Panama (FOB) - 2022
The average fuel filter export price stood at $9 per unit in 2022, flattening at the previous year. In general, the export price recorded a notable increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 42%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Peru ($7.8 per unit) and Jamaica ($7.8 per unit), while the average price for exports to El Salvador ($7.8 per unit) and the Dominican Republic ($7.8 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Fuel Filter Imports in Panama
In 2022, the amount of oil or petrol-filters for internal combustion engines imported into Panama contracted to 1.5M units, which is down by -12.7% compared with the previous year. Overall, imports faced a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 46% against the previous year. Imports peaked at 2.3M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, fuel filter imports declined modestly to $16M in 2022. In general, imports continue to indicate a perceptible slump. The growth pace was the most rapid in 2021 with an increase of 50% against the previous year. Over the period under review, imports attained the peak figure at $18M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Fuel Filter in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.5 | 3.7 | 7.3 | 5.8 | -8.2% |
| Free Zones | 2.2 | 1.7 | 2.6 | 3.2 | 13.3% |
| Japan | 2.0 | 0.9 | 1.6 | 2.1 | 1.6% |
| China | 1.8 | 1.4 | 1.1 | 1.5 | -5.9% |
| Germany | 0.5 | 0.4 | 0.6 | 0.7 | 11.9% |
| South Korea | 1.1 | 0.5 | 0.7 | 0.7 | -14.0% |
| Mexico | 1.2 | 0.5 | 1.1 | 0.6 | -20.6% |
| Others | 2.3 | 2.0 | 1.6 | 1.4 | -15.3% |
| Total | 18.4 | 11.1 | 16.6 | 16.1 | -4.4% |
Top Suppliers of Fuel Filter to Panama in 2022:
- United States (549.8K units)
- Free Zones (304.6K units)
- Japan (199.8K units)
- China (137.5K units)
- South Korea (70.7K units)
- Germany (63.0K units)
- Mexico (58.1K units)
Fuel Filter Exports in Panama
For the third consecutive year, Panama recorded decline in shipments abroad of oil or petrol-filters for internal combustion engines, which decreased by 0% to 134K units in 2022. In general, exports continue to indicate a sharp descent. The smallest decline of -32.4% was in 2020. Over the period under review, the exports attained the peak figure at 395K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, fuel filter exports amounted to $1.2M in 2022. Over the period under review, exports recorded a precipitous setback. The smallest decline of -9% was in 2020. Over the period under review, the exports hit record highs at $2.6M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Fuel Filter in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 313 | 570 | N/A | 245 | -7.8% |
| Venezuela | 499 | 331 | N/A | 162 | -31.3% |
| Ecuador | 151 | 253 | N/A | 109 | -10.3% |
| Costa Rica | 90.0 | 157 | N/A | 67.3 | -9.2% |
| Dominican Republic | 258 | 60.5 | N/A | 64.5 | -37.0% |
| Nicaragua | 102 | 140 | N/A | 60.0 | -16.2% |
| Honduras | 101 | 69.7 | N/A | 47.7 | -22.1% |
| El Salvador | 79.1 | 86.2 | N/A | 37.1 | -22.3% |
| Cuba | 167 | 16.6 | N/A | 36.1 | -40.0% |
| Jamaica | 101 | 45.1 | N/A | 31.8 | -32.0% |
| Chile | 84.3 | 65.2 | N/A | 31.1 | -28.3% |
| Guatemala | 94.7 | 60.3 | N/A | 30.0 | -31.8% |
| Peru | 15.1 | 65.4 | N/A | 28.1 | 23.0% |
| Others | 573 | 474 | N/A | 247 | -24.5% |
| Total | 2,628 | 2,393 | N/A | 1,196 | -23.1% |
Top Export Markets for Fuel Filter from Panama in 2022:
- Colombia (31.3K units)
- Venezuela (20.7K units)
- Ecuador (13.9K units)
- Costa Rica (8.6K units)
- Dominican Republic (8.2K units)
- Nicaragua (7.7K units)
- Honduras (6.1K units)
- El Salvador (4.7K units)
- Cuba (4.6K units)
- Jamaica (4.1K units)
- Chile (4.0K units)
- Guatemala (3.8K units)
- Peru (3.6K units)
This report provides an in-depth analysis of the fuel filter 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 28291330 - Oil or petrol-filters for internal combustion engines
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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