Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Panama - 2023
Contents:
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Panama (CIF) - 2022
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Panama (FOB) - 2022
- Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Panama
- Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Panama
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Panama (CIF) - 2022
In 2022, the average import price for clocks; wall clocks, battery, accumulator or mains powereds amounted to $7.1 per unit, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2020 when the average import price increased by 19% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Free Zones ($7.1 per unit) and Germany ($7.1 per unit), while the price for Spain ($7.1 per unit) and China ($7.1 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Panama (FOB) - 2022
The average export price for clocks; wall clocks, battery, accumulator or mains powereds stood at $5.9 per unit in 2022, rising by 1.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 66%. As a result, the export price attained the peak level of $9.5 per unit. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($7.1 per unit), while the average price for exports to Guyana ($3.1 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 Venezuela (+82.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Panama
In 2022, approx. 9.2K units of clocks; wall clocks, battery, accumulator or mains powereds were imported into Panama; waning by -82.7% against 2021. Overall, imports faced a dramatic contraction. The growth pace was the most rapid in 2021 when imports increased by 1,040%. As a result, imports attained the peak of 53K units, and then shrank markedly in the following year.
In value terms, imports of clocks; wall clocks, battery, accumulator or mains powereds dropped dramatically to $65K in 2022. In general, imports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 1,252%. As a result, imports reached the peak of $377K, and then dropped markedly in the following year.
| Import of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 100 | 12.7 | 284 | 22.3 | -39.4% |
| Spain | N/A | 0.1 | 8.1 | 19.3 | 1289.2% |
| United States | 8.2 | 7.4 | 37.8 | 15.7 | 24.2% |
| Free Zones | 11.8 | 2.8 | 42.3 | 5.3 | -23.4% |
| Germany | 1.2 | 0.3 | N/A | 1.1 | -2.9% |
| Belgium | 28.2 | N/A | N/A | N/A | 0% |
| Others | 12.3 | 4.6 | 5.0 | 1.5 | -50.4% |
| Total | 162 | 27.9 | 377 | 65.2 | -26.2% |
Top Suppliers of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered to Panama in 2022:
- China (3.1K units)
- Spain (2.7K units)
- United States (2.2K units)
- Free Zones (0.7K units)
- Germany (0.1K units)
Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Panama
In 2022, exports of clocks; wall clocks, battery, accumulator or mains powereds from Panama dropped notably to 5.5K units, falling by -46.3% on 2021. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 135% against the previous year. As a result, the exports attained the peak of 10K units, and then dropped rapidly in the following year.
In value terms, exports of clocks; wall clocks, battery, accumulator or mains powereds shrank rapidly to $33K in 2022. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 131%. As a result, the exports attained the peak of $60K, and then fell remarkably in the following year.
| Export of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jamaica | 4.2 | 0.5 | 9.2 | 15.8 | 55.5% |
| Aruba | 5.6 | 3.2 | 10.5 | 7.2 | 8.7% |
| Belize | 3.3 | 0.7 | 4.6 | 1.8 | -18.3% |
| Barbados | 3.8 | 0.5 | 0.4 | 1.3 | -30.1% |
| Chile | 14.9 | 9.3 | 24.7 | 1.2 | -56.8% |
| Israel | N/A | 1.0 | N/A | 1.0 | 0.0% |
| Paraguay | 1.6 | N/A | 0.5 | 1.0 | -14.5% |
| Costa Rica | 2.4 | 3.4 | 5.0 | 0.9 | -27.9% |
| Guyana | N/A | 0.1 | 3.1 | 0.8 | 182.8% |
| Guatemala | N/A | 3.1 | 0.8 | N/A | -74.2% |
| Saint Lucia | 2.1 | 0.5 | N/A | N/A | -76.2% |
| Others | 5.0 | 3.9 | 1.3 | 1.9 | -27.6% |
| Total | 43.0 | 26.0 | 60.1 | 32.8 | -8.6% |
Top Export Markets for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered from Panama in 2022:
- Jamaica (2641.0 units)
- Aruba (1013.0 units)
- Belize (436.0 units)
- Chile (280.0 units)
- Guyana (270.0 units)
- Barbados (214.0 units)
- Israel (140.0 units)
- Paraguay (137.0 units)
- Costa Rica (131.0 units)
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