Price for Clock Movements; Complete and Assembled in Panama - 2022
Contents:
- Price for Clock Movements; Complete and Assembled in Panama (CIF) - 2022
- Price for Clock Movements; Complete and Assembled in Panama (FOB) - 2022
- Imports of Clock Movements; Complete and Assembled in Panama
- Exports of Clock Movements; Complete and Assembled in Panama
Price for Clock Movements; Complete and Assembled in Panama (CIF) - 2022
In 2022, the average import price for clock movements; complete and assembleds amounted to $2,506 per unit, surging by 23,772% against the previous year. Over the period under review, the import price continues to indicate significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +57.3% per year.
Price for Clock Movements; Complete and Assembled in Panama (FOB) - 2022
In 2022, the average export price for clock movements; complete and assembleds amounted to $78 per unit, declining by -16.4% against the previous year. Over the period under review, the export price, however, showed tangible growth. The most prominent rate of growth was recorded in 2019 an increase of 77% against the previous year. Over the period under review, the average export prices attained the peak figure at $104 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($83 per unit), while the average price for exports to Chile ($48 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 Dominican Republic (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clock Movements; Complete and Assembled in Panama
In 2022, after three years of growth, there was significant decline in purchases abroad of clock movements; complete and assembleds, when their volume decreased by -99.2% to 5 units. Overall, imports recorded a sharp curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 54%. As a result, imports attained the peak of 637 units, and then declined dramatically in the following year.
In value terms, clock movements; complete and assembled imports skyrocketed to $13K in 2022. Over the period under review, imports, however, enjoyed measured growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Clock Movements; Complete and Assembled in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.4 | 1.3 | 1.6 | 12.5 | 215.0% |
| Spain | 0.4 | 0.3 | 0.3 | N/A | -13.4% |
| China | 7.3 | 4.8 | 4.3 | N/A | -23.3% |
| Others | 3.0 | 0.5 | 0.5 | N/A | -59.2% |
| Total | 11.2 | 6.8 | 6.7 | 12.5 | 3.7% |
Top Suppliers of Clock Movements; Complete and Assembled to Panama in 2022:
- United States (5.0 units)
Exports of Clock Movements; Complete and Assembled in Panama
In 2022, the amount of clock movements; complete and assembleds exported from Panama surged to 102 units, jumping by 278% compared with the previous year. Overall, exports, however, saw a abrupt setback. The exports peaked at 183 units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, clock movements; complete and assembled exports skyrocketed to $7.9K in 2022. Over the period under review, exports showed temperate growth. The exports peaked at $13K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Clock Movements; Complete and Assembled in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 3.8 | 7.2 | 0.1 | 3.5 | -2.7% |
| Venezuela | 2.7 | 4.3 | 1.6 | 3.1 | 4.7% |
| Dominican Republic | 0.2 | 0.4 | 0.2 | 0.5 | 35.7% |
| Guatemala | 0.4 | 0.8 | 0.4 | 0.4 | 0.0% |
| Colombia | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Others | 0.2 | 0.3 | 0.1 | 0.2 | 0.0% |
| Total | 7.4 | 13.3 | 2.5 | 7.9 | 2.2% |
Top Export Markets for Clock Movements; Complete and Assembled from Panama in 2022:
- Ecuador (43.0 units)
- Venezuela (39.0 units)
- Dominican Republic (6.0 units)
- Guatemala (5.0 units)
- Colombia (3.0 units)
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