Panama - Multimeters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMultimeter Price in Panama - 2023
Contents:
- Multimeter Price in Panama (CIF) - 2022
- Multimeter Price in Panama (FOB) - 2022
- Multimeter Imports in Panama
- Multimeter Exports in Panama
Multimeter Price in Panama (CIF) - 2022
In 2022, the average multimeter import price amounted to $5.7 per unit, stabilizing at the previous year. In general, the import price saw a measured increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 106% against the previous year. Over the period under review, average import prices hit record highs at $9.3 per unit in 2017; however, from 2018 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 the United States ($9.2 per unit), while the price for Colombia ($3.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Multimeter Price in Panama (FOB) - 2022
In 2022, the average multimeter export price amounted to $52 per unit, stabilizing at the previous year. In general, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 an increase of 176% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to El Salvador ($59 per unit) and Guatemala ($59 per unit), while the average price for exports to Brazil ($49 per unit) and Venezuela ($49 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 Costa Rica (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.
Multimeter Imports in Panama
In 2022, purchases abroad of multimeters decreased by -20.9% to 55K units, falling for the second year in a row after two years of growth. Over the period under review, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. As a result, imports attained the peak of 73K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, multimeter imports shrank sharply to $312K in 2022. Overall, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 2.2%. Over the period under review, imports attained the peak figure at $425K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Multimeter in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 92.2 | 53.2 | 104 | 118 | 8.6% |
| China | 226 | 243 | 152 | 102 | -23.3% |
| Free Zones | 31.0 | 25.1 | 68.8 | 52.5 | 19.2% |
| Taiwan (Chinese) | 41.9 | 32.6 | 25.4 | 22.9 | -18.2% |
| Colombia | N/A | 4.5 | N/A | 6.1 | 16.4% |
| Mexico | 17.7 | 4.2 | 6.4 | 0.7 | -65.9% |
| Others | 16.5 | 21.5 | 35.0 | 9.7 | -16.2% |
| Total | 425 | 384 | 392 | 312 | -9.8% |
Top Suppliers of Multimeter to Panama in 2022:
- China (24.2K units)
- United States (12.8K units)
- Free Zones (11.7K units)
- Taiwan (Chinese) (3.5K units)
- Colombia (1.8K units)
- Mexico (0.3K units)
Multimeter Exports in Panama
For the third consecutive year, Panama recorded decline in shipments abroad of multimeters, which decreased by 0% to 1.4K units in 2022. In general, exports saw a dramatic descent. The smallest decline of -7.4% was in 2020. Over the period under review, the exports attained the maximum at 3K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, multimeter exports totaled $72K in 2022. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 11%. As a result, the exports attained the peak of $144K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Multimeter in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 16.0 | 35.2 | N/A | 15.7 | -0.6% |
| Costa Rica | 24.3 | 18.9 | N/A | 9.2 | -27.7% |
| Colombia | 9.4 | 12.8 | N/A | 6.5 | -11.6% |
| Nicaragua | 6.3 | 13.2 | N/A | 5.9 | -2.2% |
| Brazil | 7.9 | 9.2 | N/A | 4.1 | -19.6% |
| Ecuador | 7.2 | 8.8 | N/A | 4.0 | -17.8% |
| Dominican Republic | 6.5 | 4.2 | N/A | 3.4 | -19.4% |
| Guatemala | 3.2 | 4.7 | N/A | 2.8 | -4.4% |
| Honduras | 4.8 | 5.0 | N/A | 2.6 | -18.5% |
| El Salvador | 2.6 | 2.7 | N/A | 1.6 | -14.9% |
| Haiti | 4.5 | 2.1 | N/A | 1.4 | -32.2% |
| Others | 37.1 | 27.2 | N/A | 14.9 | -26.2% |
| Total | 130 | 144 | N/A | 72.1 | -17.8% |
Top Export Markets for Multimeter from Panama in 2022:
- Venezuela (320.0 units)
- Costa Rica (182.0 units)
- Nicaragua (120.0 units)
- Colombia (117.0 units)
- Brazil (84.0 units)
- Ecuador (80.0 units)
- Dominican Republic (59.0 units)
- Honduras (47.0 units)
- Guatemala (47.0 units)
- El Salvador (27.0 units)
- Haiti (27.0 units)
This report provides an in-depth analysis of the multimeter 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 26514310 - Multimeters
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
- 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
-
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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