Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Panama - 2024
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Panama (CIF) - 2024
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Panama (FOB) - 2022
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Panama
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Panama
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Panama (CIF) - 2024
In November 2023, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $10,814 per unit, increasing by 36% against the previous month. Over the period under review, the import price, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 54% m-o-m. The import price peaked at $26,066 per unit in May 2023; afterwards, it flattened through to November 2023.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the countries with the highest prices were Canada ($12,138 per unit) and Colombia ($12,097 per unit), while the price for the United States ($10,646 per unit) and China ($10,810 per unit) were amongst the lowest.
From May 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Japan (+69.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Panama (FOB) - 2022
The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $2,501 per unit in 2022, shrinking by -40.5% against the previous year. Overall, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2015 an increase of 735%. As a result, the export price attained the peak level of $35,808 per unit. From 2016 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 ($8,898 per unit), while the average price for exports to Jamaica ($635 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 Bolivia (+1,022.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Panama
In 2022, after two years of decline, there was significant growth in supplies from abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines), when their volume increased by 103% to 796 units. Over the period under review, imports, however, showed a noticeable decrease. Over the period under review, imports of reached the peak figure at 880 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) skyrocketed to $8.1M in 2022. In general, imports, however, saw a noticeable downturn. Imports peaked at $9.3M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,203 | 1,244 | 2,354 | 4,529 | 27.2% |
| Free Zones | 1,577 | 463 | 1,566 | 1,737 | 3.3% |
| Japan | 1,245 | 634 | 479 | 443 | -29.1% |
| Germany | 134 | 44.0 | 44.5 | 361 | 39.1% |
| China | 574 | 574 | 133 | 252 | -24.0% |
| United Arab Emirates | 20.4 | 19.2 | N/A | 174 | 104.3% |
| France | 350 | 81.2 | 158 | 98.0 | -34.6% |
| Canada | 48.1 | 26.8 | 41.6 | 87.2 | 21.9% |
| Mexico | 863 | 199 | 80.1 | 44.1 | -62.9% |
| South Korea | 276 | 465 | 25.9 | 30.0 | -52.3% |
| Others | 2,004 | 1,227 | 652 | 364 | -43.4% |
| Total | 9,296 | 4,978 | 5,535 | 8,119 | -4.4% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Panama in 2022:
- United States (435.0 units)
- Free Zones (143.0 units)
- Japan (76.0 units)
- Germany (34.0 units)
- China (25.0 units)
- Canada (15.0 units)
- United Arab Emirates (14.0 units)
- France (9.0 units)
- Mexico (6.0 units)
- South Korea (4.0 units)
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Panama
In 2022, shipments abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) increased by 114% to 105 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a mild reduction. The exports peaked at 109 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) surged to $263K in 2022. The total export value increased at an average annual rate of +6.2% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.6 | 9.1 | 59.4 | 142 | 81.9% |
| Ecuador | N/A | 96.0 | N/A | 44.4 | -32.0% |
| Chile | N/A | 12.1 | 22.8 | 19.3 | 26.3% |
| Dominican Republic | 1.9 | 13.0 | 10.4 | 13.0 | 89.8% |
| Jamaica | 45.4 | 13.7 | 1.5 | 12.7 | -34.6% |
| Bolivia | N/A | N/A | 0.1 | 12.4 | 12300.0% |
| South Korea | N/A | N/A | N/A | 12.2 | 0% |
| Belize | N/A | N/A | 0.7 | 1.3 | 85.7% |
| Colombia | 128 | 5.7 | N/A | N/A | -95.5% |
| Others | 20.9 | 83.4 | 111 | 4.8 | -38.8% |
| Total | 219 | 233 | 206 | 263 | 6.3% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Panama in 2022:
- Jamaica (20.0 units)
- Bolivia (19.0 units)
- South Korea (19.0 units)
- United States (16.0 units)
- Dominican Republic (11.0 units)
- Chile (7.0 units)
- Ecuador (7.0 units)
- Belize (2.0 units)
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