Panama - Headphones - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHeadphone Price in Panama - 2023
Contents:
- Headphone Price in Panama (CIF) - 2022
- Headphone Price in Panama (FOB) - 2022
- Headphone Imports in Panama
- Headphone Exports in Panama
Headphone Price in Panama (CIF) - 2022
The average headphone import price stood at $52 per unit in 2022, growing by 21% against the previous year. Overall, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 98%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($52 per unit) and Free Zones ($52 per unit), while the price for Thailand ($52 per unit) and Hong Kong SAR ($52 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Headphone Price in Panama (FOB) - 2022
The average headphone export price stood at $28 per unit in 2022, therefore, remained relatively stable against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 69%. The export price peaked at $44 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($30 per unit) and Colombia ($30 per unit), while the average price for exports to Cuba ($26 per unit) and Peru ($26 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 the United States (+0.3%), while the prices for the other major destinations experienced more modest paces of growth.
Headphone Imports in Panama
For the third consecutive year, Panama recorded decline in purchases abroad of headphones, which decreased by -34.6% to 159K units in 2022. Over the period under review, imports showed a dramatic contraction. The smallest decline of -9.8% was in 2020. Over the period under review, imports hit record highs at 917K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, headphone imports contracted markedly to $8.2M in 2022. Overall, imports saw a precipitous decrease. The smallest decline of -11% was in 2020. Over the period under review, imports hit record highs at $28M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Headphone in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 3.3 | 2.7 | 4.3 | 3.3 | 0.0% |
| China | 13.5 | 10.4 | 2.4 | 2.5 | -43.0% |
| United States | 4.5 | 4.5 | 3.1 | 1.9 | -25.0% |
| Mexico | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Vietnam | 1.5 | 2.7 | 0.1 | 0.1 | -59.5% |
| Hong Kong SAR | 2.0 | 1.2 | 0.1 | N/A | -77.6% |
| Malaysia | 2.0 | 2.6 | N/A | N/A | 30.0% |
| Others | 1.0 | 0.8 | 0.3 | 0.1 | -53.6% |
| Total | 28.0 | 24.9 | 10.3 | 8.2 | -33.6% |
Top Suppliers of Headphone to Panama in 2022:
- Free Zones (64.9K units)
- China (48.8K units)
- United States (37.3K units)
- Mexico (3.8K units)
- Vietnam (1.5K units)
- Hong Kong SAR (0.3K units)
Headphone Exports in Panama
For the third year in a row, Panama recorded decline in overseas shipments of headphones, which decreased by -48.2% to 86K units in 2022. Over the period under review, exports faced a dramatic descent. The smallest decline of -13.1% was in 2020. The exports peaked at 601K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, headphone exports fell notably to $2.4M in 2022. In general, exports saw a dramatic setback. The smallest decline of -2.7% was in 2020. The exports peaked at $23M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Headphone in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 4,836 | 5,956 | 1,139 | 582 | -50.6% |
| United States | 2,769 | 3,509 | 671 | 343 | -50.2% |
| Ecuador | 1,974 | 1,367 | 340 | 174 | -55.5% |
| Guatemala | 1,264 | 1,281 | 245 | 125 | -53.8% |
| El Salvador | 1,372 | 1,029 | 222 | 113 | -56.5% |
| Cuba | 962 | 653 | 204 | 104 | -52.4% |
| Chile | 756 | 760 | 169 | 86.4 | -51.5% |
| Mexico | 1,269 | 453 | 158 | 80.9 | -60.1% |
| Costa Rica | 871 | 815 | 156 | 79.4 | -55.0% |
| Dominican Republic | 1,055 | 622 | 137 | 76.0 | -58.4% |
| Honduras | 442 | 615 | 118 | 60.1 | -48.6% |
| Venezuela | 205 | 575 | 110 | 56.1 | -35.1% |
| Peru | 456 | 344 | 101 | 51.7 | -51.6% |
| Others | 5,194 | 4,803 | 992 | 507 | -54.0% |
| Total | 23,425 | 22,782 | 4,762 | 2,438 | -53.0% |
Top Export Markets for Headphone from Panama in 2022:
- Colombia (19.4K units)
- United States (11.4K units)
- Ecuador (6.5K units)
- El Salvador (4.2K units)
- Guatemala (4.2K units)
- Cuba (4.0K units)
- Chile (3.2K units)
- Mexico (3.0K units)
- Costa Rica (2.8K units)
- Dominican Republic (2.7K units)
- Honduras (2.1K units)
- Peru (2.0K units)
- Venezuela (1.9K units)
This report provides an in-depth analysis of the headphone 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 26404270 - Headphones and earphones, even with microphone, and sets consisting of microphone and one or more loudspeakers (excluding airmen
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
-
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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