Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Panama - 2022
Contents:
- Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Panama (CIF) - 2022
- Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Panama (FOB) - 2022
- Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Panama
- Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Panama
Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Panama (CIF) - 2022
The average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $46 per unit in 2022, rising by 23% against the previous year. Overall, the import price posted significant growth. The growth pace was the most rapid in 2017 an increase of 42% against the previous year. The import price peaked in 2022 and is likely to see gradual 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 China ($64 per unit), while the price for Free Zones ($22 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Panama (FOB) - 2022
In 2022, the average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $40 per unit, remaining stable against the previous year. In general, the export price showed strong growth. The pace of growth was the most pronounced in 2016 an increase of 92% against the previous year. The export price peaked at $61 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($77 per unit), while the average price for exports to Trinidad and Tobago ($13 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 Colombia (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Panama
In 2022, purchases abroad of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds decreased by -56.3% to 104 units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a significant decline. The pace of growth appeared the most rapid in 2020 with an increase of 13% against the previous year. As a result, imports attained the peak of 3.1K units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds dropped sharply to $4.8K in 2022. Overall, imports continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2020 when imports increased by 30%. As a result, imports attained the peak of $107K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.1 | 0.1 | N/A | 1.6 | 152.0% |
| China | 7.0 | 5.7 | 0.2 | 1.6 | -38.9% |
| United States | 22.9 | 21.0 | N/A | 1.1 | -63.6% |
| Free Zones | 6.3 | 1.3 | 0.3 | 0.5 | -57.0% |
| Hong Kong SAR | 0.5 | 0.6 | 0.1 | N/A | -55.3% |
| South Korea | 14.5 | 36.8 | 4.0 | N/A | -47.5% |
| Japan | 7.8 | 10.7 | 1.1 | N/A | -62.4% |
| Switzerland | 13.7 | 17.9 | 1.8 | N/A | -63.8% |
| France | 5.5 | 8.1 | 0.9 | N/A | -59.5% |
| Others | 3.8 | 4.4 | 0.4 | N/A | -67.6% |
| Total | 82.0 | 107 | 8.9 | 4.8 | -61.2% |
Top Suppliers of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered to Panama in 2022:
- Italy (39.0 units)
- China (25.0 units)
- Free Zones (21.0 units)
- United States (19.0 units)
Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Panama
For the third consecutive year, Panama recorded decline in shipments abroad of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds, which decreased by 0% to 321 units in 2022. In general, exports continue to indicate a dramatic curtailment. The smallest decline of -79.7% was in 2020. Over the period under review, the exports of reached the maximum at 3K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $13K in 2022. Over the period under review, exports saw a dramatic setback. The smallest decline of -83.7% was in 2020. The exports peaked at $156K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 60.5 | 15.7 | N/A | 6.1 | -53.5% |
| Colombia | 47.1 | 2.0 | N/A | 3.0 | -60.1% |
| Chile | 2.4 | 0.7 | N/A | 0.8 | -30.7% |
| Guatemala | 1.6 | 0.9 | N/A | 0.4 | -37.0% |
| Cuba | 5.2 | 1.2 | N/A | 0.3 | -61.4% |
| El Salvador | 1.6 | 0.1 | N/A | 0.2 | -50.0% |
| Mexico | 3.8 | 0.7 | N/A | 0.2 | -62.5% |
| Costa Rica | 6.8 | 0.2 | N/A | 0.2 | -69.1% |
| Others | 27.5 | 4.0 | N/A | 1.5 | -62.1% |
| Total | 156 | 25.5 | N/A | 12.8 | -56.5% |
Top Export Markets for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered from Panama in 2022:
- Paraguay (164.0 units)
- Chile (43.0 units)
- Colombia (39.0 units)
- Guatemala (10.0 units)
- Cuba (9.0 units)
- El Salvador (6.0 units)
- Mexico (5.0 units)
- Costa Rica (5.0 units)
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