Non-Enclosed Loudspeakers Price in Panama - 2022
Contents:
- Non-Enclosed Loudspeakers Price in Panama (CIF) - 2022
- Non-Enclosed Loudspeakers Price in Panama (FOB) - 2022
- Non-Enclosed Loudspeakers Imports in Panama
- Non-Enclosed Loudspeakers Exports in Panama
Non-Enclosed Loudspeakers Price in Panama (CIF) - 2022
The average non-enclosed loudspeakers import price stood at $23 per unit in 2022, picking up by 8.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Free Zones ($151 per unit), while the price for China ($6.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Non-Enclosed Loudspeakers Price in Panama (FOB) - 2022
The average non-enclosed loudspeakers export price stood at $51 per unit in 2022, with a decrease of -13% against the previous year. Over the period under review, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of 6.4%. As a result, the export price reached the peak level of $138 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($242 per unit), while the average price for exports to Guyana ($5.2 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 the United States (-5.0%), while the prices for the other major destinations experienced a decline.
Non-Enclosed Loudspeakers Imports in Panama
Non-enclosed loudspeakers imports into Panama reduced rapidly to 186K units in 2022, waning by -43.1% against the previous year. Overall, imports faced a significant curtailment. The smallest decline of -33.9% was in 2020. Over the period under review, imports reached the maximum at 1.1M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, non-enclosed loudspeakers imports dropped dramatically to $4.3M in 2022. In general, imports faced a sharp decline. The smallest decline of -37.8% was in 2020. Imports peaked at $19M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Non-Enclosed Loudspeakers in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 3.5 | 2.6 | 4.3 | 2.6 | -9.4% |
| China | 5.8 | 5.6 | 1.8 | 1.1 | -42.5% |
| United States | 1.9 | 0.6 | 0.4 | 0.5 | -35.9% |
| Vietnam | 4.4 | 1.5 | N/A | N/A | -65.9% |
| Indonesia | 2.1 | 0.6 | N/A | N/A | -71.4% |
| Others | 1.1 | 0.8 | 0.3 | 0.1 | -55.0% |
| Total | 18.9 | 11.8 | 7.0 | 4.3 | -39.0% |
Top Suppliers of Non-Enclosed Loudspeakers to Panama in 2022:
- China (162.2K units)
- Free Zones (17.5K units)
- United States (4.9K units)
Non-Enclosed Loudspeakers Exports in Panama
In 2022, the amount of loudspeakers (not in enclosure) exported from Panama dropped to 25K units, which is down by -12.9% on 2021. The total export volume increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. As a result, the exports attained the peak of 29K units, and then shrank in the following year.
In value terms, non-enclosed loudspeakers exports dropped significantly to $1.3M in 2022. Over the period under review, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. As a result, the exports reached the peak of $1.7M, and then declined remarkably in the following year.
| Export of Non-Enclosed Loudspeakers in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 145 | 176 | 320 | 261 | 21.6% |
| Venezuela | 111 | 35.1 | 93.7 | 98.8 | -3.8% |
| Chile | 111 | 136 | 146 | 82.1 | -9.6% |
| Mexico | 14.2 | 33.3 | 60.6 | 49.4 | 51.5% |
| Cuba | 11.6 | 23.6 | 43.1 | 35.1 | 44.6% |
| Ecuador | 101 | 52.2 | 22.2 | 32.3 | -31.6% |
| Hong Kong SAR | 22.0 | 23.3 | 18.9 | 27.7 | 8.0% |
| Costa Rica | 34.9 | 23.3 | 12.6 | 25.5 | -9.9% |
| Honduras | 14.5 | 24.7 | 0.4 | 19.6 | 10.6% |
| Free Zones | 9.3 | 9.2 | 17.8 | 14.5 | 16.0% |
| Japan | 5.7 | 6.9 | 14.8 | 14.2 | 35.6% |
| Aruba | 2.5 | 1.6 | 6.8 | 13.0 | 73.2% |
| Guyana | 8.1 | 16.2 | 10.3 | 8.3 | 0.8% |
| Others | 861 | 741 | 915 | 593 | -11.7% |
| Total | 1,453 | 1,302 | 1,682 | 1,274 | -4.3% |
Top Export Markets for Non-Enclosed Loudspeakers from Panama in 2022:
- Venezuela (4.6K units)
- Hong Kong SAR (2.7K units)
- Mexico (2.3K units)
- Ecuador (1.9K units)
- Chile (1.7K units)
- Cuba (1.6K units)
- Guyana (1.6K units)
- Costa Rica (1.2K units)
- United States (1.1K units)
- Honduras (0.9K units)
- Japan (0.7K units)
- Free Zones (0.7K units)
- Aruba (0.6K units)
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