Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Panama - 2022
Contents:
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Panama (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Panama (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Panama
- Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Panama
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Panama (CIF) - 2022
In 2022, the average import price for electric motors and generators amounted to $27,108 per unit, jumping by 212% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $41,645 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
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 the United States ($53,157 per unit), while the price for Mexico ($348 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+16.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Panama (FOB) - 2022
In 2022, the average export price for electric motors and generators amounted to $15,415 per unit, surging by 22% against the previous year. In general, the export price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 an increase of 580% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
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 Costa Rica ($29,515 per unit), while the average price for exports to the Dominican Republic amounted to $1,315 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+12.8%), while the prices for the other major destinations experienced a decline.
Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Panama
Imports of electric motors and generators into Panama shrank markedly to 3 units in 2022, which is down by -40% against the year before. Over the period under review, imports saw a sharp reduction. The smallest decline of -33.3% was in 2020. Imports peaked at 15 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of electric motors and generators skyrocketed to $81K in 2022. In general, imports saw a sharp decline. Over the period under review, imports of attained the peak figure at $612K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 63.8 | 37.7 | 15.3 | 53.2 | -5.9% |
| Free Zones | 179 | 18.7 | 10.8 | 27.8 | -46.2% |
| Mexico | 16.2 | N/A | 10.8 | 0.3 | -73.5% |
| South Korea | 2.0 | 6.7 | N/A | N/A | 235.0% |
| China | 151 | 8.5 | 5.1 | N/A | -81.6% |
| Switzerland | 1.6 | 0.7 | N/A | N/A | -56.3% |
| Colombia | 11.9 | N/A | N/A | N/A | 0% |
| Germany | 8.3 | N/A | 1.4 | N/A | -58.9% |
| Taiwan (Chinese) | 1.3 | 1.2 | N/A | N/A | -7.7% |
| Peru | 156 | N/A | N/A | N/A | 0% |
| Canada | 0.3 | N/A | N/A | N/A | 0% |
| Brazil | 20.5 | 3.6 | N/A | N/A | -82.4% |
| Others | 0.3 | 19.6 | N/A | N/A | 6433.3% |
| Total | 612 | 96.7 | 43.4 | 81.3 | -49.0% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to Panama in 2022:
- United States (1.0 units)
- Free Zones (1.0 units)
- Mexico (1.0 units)
Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Panama
In 2022, shipments abroad of electric motors and generators decreased by 0% to 4 units, falling for the second consecutive year after two years of growth. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 75% against the previous year. As a result, the exports reached the peak of 7 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of electric motors and generators skyrocketed to $62K in 2022. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 289% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | N/A | N/A | 36.2 | 59.0 | 63.0% |
| Dominican Republic | 5.4 | N/A | N/A | 2.6 | -21.6% |
| Guyana | 1.1 | 10.2 | N/A | N/A | 827.3% |
| Aruba | 5.5 | 2.8 | 0.8 | N/A | -61.9% |
| Guatemala | N/A | N/A | 12.9 | N/A | 0% |
| Belize | N/A | N/A | 0.6 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.0 | 13.0 | 50.6 | 61.7 | 72.6% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Exceeding 375kW from Panama in 2022:
- Dominican Republic (2.0 units)
- Costa Rica (2.0 units)
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