Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Panama - 2022
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Panama (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Panama (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Panama
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Panama
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Panama (CIF) - 2022
In 2022, the average import price for electric motors and generators amounted to $82 per unit, rising by 12% against the previous year. Overall, the import price, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2015 when the average import price increased by 136%. As a result, import price reached the peak level of $284 per unit. From 2016 to 2022, the average import prices remained at a lower figure.
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 South Korea ($447 per unit), while the price for the United States ($27 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.8%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Panama (FOB) - 2022
The average export price for electric motors and generators stood at $479 per unit in 2022, increasing by 25% against the previous year. Overall, the export price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 42% against the previous year. As a result, the export price attained the peak level of $772 per unit. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($545 per unit), while the average price for exports to Chile ($57 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 Curacao (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Panama
Imports of electric motors and generators into Panama contracted sharply to 18K units in 2022, shrinking by -22.1% on 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 153% against the previous year. As a result, imports reached the peak of 24K units, and then declined markedly in the following year.
In value terms, imports of electric motors and generators shrank to $1.5M in 2022. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 140% against the previous year. Imports peaked at $2M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 203 | 134 | 251 | 337 | 18.4% |
| South Korea | 29.6 | 20.4 | 9.8 | 236 | 99.8% |
| Turkey | 5.2 | 8.9 | 1.4 | 154 | 209.4% |
| Brazil | 12.3 | 33.8 | 60.2 | 135 | 122.2% |
| China | 192 | 164 | 741 | 104 | -18.5% |
| Venezuela | 137 | 99.8 | 105 | 89.0 | -13.4% |
| Japan | 937 | 4.2 | 10.9 | 7.6 | -79.9% |
| Others | 513 | 256 | 551 | 451 | -4.2% |
| Total | 2,030 | 721 | 1,730 | 1,514 | -9.3% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Panama in 2022:
- United States (12.4K units)
- China (3.3K units)
- Brazil (0.6K units)
- South Korea (0.5K units)
- Turkey (0.3K units)
- Venezuela (0.2K units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Panama
In 2022, overseas shipments of electric motors and generators increased by 129% to 250 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt setback. Over the period under review, the exports of attained the maximum at 477 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of electric motors and generators skyrocketed to $120K in 2022. Overall, exports, however, showed a abrupt decrease. Over the period under review, the exports of reached the maximum at $187K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 20.7 | 8.2 | 1.7 | 27.3 | 9.7% |
| Costa Rica | 1.6 | 0.9 | 1.8 | 11.0 | 90.1% |
| Dominican Republic | 0.1 | 16.3 | 0.1 | 10.2 | 367.2% |
| Colombia | 5.3 | 7.0 | 6.5 | 9.5 | 21.5% |
| Haiti | 3.1 | 4.0 | 4.2 | 7.0 | 31.2% |
| Venezuela | 6.5 | 5.0 | 4.5 | 6.4 | -0.5% |
| Peru | 2.2 | 1.8 | 2.4 | 4.9 | 30.6% |
| Barbados | 8.1 | 0.3 | N/A | 3.7 | -23.0% |
| Aruba | 2.9 | 2.0 | 2.1 | 3.4 | 5.4% |
| El Salvador | 2.0 | 1.6 | 3.5 | 3.0 | 14.5% |
| Curacao | 1.4 | 1.5 | 1.4 | 2.1 | 14.5% |
| Chile | 1.8 | 0.2 | 1.2 | 2.0 | 3.6% |
| Mexico | 1.2 | 0.5 | 0.5 | 0.8 | -12.6% |
| Others | 129 | 36.2 | 11.8 | 28.7 | -39.4% |
| Total | 187 | 85.6 | 41.7 | 120 | -13.7% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Panama in 2022:
- Guatemala (51.0 units)
- Chile (35.0 units)
- Costa Rica (21.0 units)
- Dominican Republic (19.0 units)
- Colombia (18.0 units)
- Haiti (13.0 units)
- Venezuela (12.0 units)
- Peru (9.0 units)
- Aruba (7.0 units)
- Barbados (7.0 units)
- Mexico (6.0 units)
- El Salvador (6.0 units)
- Curacao (4.0 units)
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Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
808
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1201
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
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