Report Update: May 1, 2024

Panama - Glass Electrical Insulators - Market Analysis, Forecast, Size, Trends And Insights

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Glass Electrical Insulator Price in Panama - 2023

Glass Electrical Insulator Price in Panama (CIF) - 2022

The average glass electrical insulator import price stood at $2.1 per unit in 2022, shrinking by -12.3% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 62%. The import price peaked at $3.6 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to +39.4% per year.

Glass Electrical Insulator Price in Panama (FOB) - 2022

In 2022, the average glass electrical insulator export price amounted to $2 per unit, approximately mirroring the previous year. In general, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2014 when the average export price increased by 80% against the previous year. The export price peaked at $4.5 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Paraguay ($2.4 per unit) and Honduras ($2.2 per unit), while the average price for exports to Trinidad and Tobago ($2 per unit) and Venezuela ($2 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 Trinidad and Tobago (+2.9%), while the prices for the other major destinations experienced a decline.

Glass Electrical Insulator Imports in Panama

In 2022, approx. 75K units of glass electrical insulators were imported into Panama; surging by 24% on the previous year's figure. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 122%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, glass electrical insulator imports totaled $155K in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 238%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Import of Glass Electrical Insulator in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	9.3	31.0	83.1	155	155.4%
Spain	3.2	8.9	13.3	N/A	103.9%
Free Zones	24.5	75.4	37.3	N/A	23.4%
United States	3.9	14.0	6.6	N/A	30.1%
Mexico	1.8	2.7	1.4	N/A	-11.8%
Others	N/A	12.0	0.1	N/A	-99.2%
Total	42.6	144	142	155	53.8%

Top Suppliers of Glass Electrical Insulator to Panama in 2022:

China (75.3K units)

Glass Electrical Insulator Exports in Panama

In 2022, shipments abroad of glass electrical insulators decreased by 0% to 727 units, falling for the second consecutive year after two years of growth. In general, exports saw a perceptible increase. The most prominent rate of growth was recorded in 2020 when exports increased by 119% against the previous year. As a result, the exports attained the peak of 1.5K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass electrical insulator exports amounted to $1.5K in 2022. Over the period under review, exports enjoyed measured growth. The growth pace was the most rapid in 2020 with an increase of 112% against the previous year. As a result, the exports reached the peak of $3K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Glass Electrical Insulator in Panama (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Venezuela	1,346	2,754	N/A	1,269	-1.9%
Paraguay	N/A	N/A	N/A	164	0%
Honduras	32.0	62.0	N/A	26.0	-6.7%
Trinidad and Tobago	17.0	63.0	N/A	26.0	15.2%
Others	9.0	96.0	N/A	5.0	-17.8%
Total	1,404	2,975	N/A	1,490	2.0%

Top Export Markets for Glass Electrical Insulator from Panama in 2022:

Venezuela (629.0 units)
Paraguay (68.0 units)
Trinidad and Tobago (13.0 units)
Honduras (12.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the glass 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 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023