Panama - Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Electric Oven and Cooker in Panama - 2023
Contents:
- Price for Electric Oven and Cooker in Panama (CIF) - 2022
- Price for Electric Oven and Cooker in Panama (FOB) - 2022
- Imports of Electric Oven and Cooker in Panama
- Exports of Electric Oven and Cooker in Panama
Price for Electric Oven and Cooker in Panama (CIF) - 2022
In 2022, the average electric oven and cooker import price amounted to $177 per unit, growing by 8.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 9.4%. Over the period under review, average import prices reached the maximum at $194 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($177 per unit) and Spain ($177 per unit), while the price for Italy ($177 per unit) and Thailand ($177 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.7%), while the prices for the other major suppliers experienced a decline.
Price for Electric Oven and Cooker in Panama (FOB) - 2022
In 2022, the average electric oven and cooker export price amounted to $36 per unit, with an increase of 40% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 219%. The export price peaked at $145 per unit in 2012; however, from 2013 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 Barbados ($160 per unit), while the average price for exports to Guyana ($16 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 Trinidad and Tobago (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electric Oven and Cooker in Panama
Electric oven and cooker imports into Panama dropped to 44K units in 2022, reducing by -15% against the previous year. Overall, imports faced a dramatic slump. Imports peaked at 118K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electric oven and cooker imports reduced to $7.8M in 2022. Over the period under review, imports faced a sharp downturn. Imports peaked at $17M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electric Oven and Cooker in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 2.9 | 2.5 | 4.5 | 3.7 | 8.5% |
| United States | 2.7 | 1.3 | 1.4 | 1.6 | -16.0% |
| China | 10.7 | 10.0 | 1.8 | 1.6 | -46.9% |
| Spain | 0.1 | 0.3 | N/A | 0.3 | 44.2% |
| Italy | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Thailand | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Others | 0.9 | 0.9 | 0.4 | 0.3 | -30.7% |
| Total | 17.4 | 15.1 | 8.5 | 7.8 | -23.5% |
Top Suppliers of Electric Oven and Cooker to Panama in 2022:
- Free Zones (21.2K units)
- United States (9.0K units)
- China (8.8K units)
- Spain (2.0K units)
- Italy (0.9K units)
- Thailand (0.8K units)
Exports of Electric Oven and Cooker in Panama
After three years of growth, overseas shipments of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -32% to 15K units in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 146%. As a result, the exports attained the peak of 21K units, and then declined dramatically in the following year.
In value terms, electric oven and cooker exports declined to $531K in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 67% against the previous year. As a result, the exports attained the peak of $559K, and then declined in the following year.
| Export of Electric Oven and Cooker in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guyana | 63.4 | 79.4 | 124 | 151 | 33.5% |
| Costa Rica | 61.5 | 60.2 | 90.4 | 76.9 | 7.7% |
| Jamaica | 9.0 | 37.1 | 48.7 | 58.6 | 86.7% |
| Barbados | 0.6 | 10.2 | 28.8 | 46.4 | 326.0% |
| Aruba | 28.8 | 28.1 | 58.9 | 45.4 | 16.4% |
| United States | N/A | N/A | N/A | 38.6 | 0% |
| Trinidad and Tobago | 6.5 | 2.8 | 31.0 | 30.4 | 67.2% |
| Chile | 1.9 | 12.3 | 9.8 | 5.4 | 41.6% |
| Guatemala | 59.0 | 48.2 | 119 | 0.7 | -77.2% |
| Others | 50.7 | 57.1 | 48.2 | 77.1 | 15.0% |
| Total | 281 | 335 | 559 | 531 | 23.6% |
Top Export Markets for Electric Oven and Cooker from Panama in 2022:
- Guyana (9.3K units)
- Trinidad and Tobago (1.5K units)
- United States (1.1K units)
- Costa Rica (0.5K units)
- Jamaica (0.4K units)
- Aruba (0.3K units)
- Chile (0.3K units)
- Barbados (0.3K units)
This report provides an in-depth analysis of the market for electric oven and cooker in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512810 - Domestic electric cookers with at least an oven and a hob (including combined gas-electric appliances)
- Prodcom 27512830 - Electric cooking plates, boiling rings and hobs for domestic use
- Prodcom 27512850 - Domestic electric grills and roasters
- Prodcom 27512870 - Domestic electric ovens for building-in
- Prodcom 27512890 - Domestic electric ovens (excluding those for building-in, m icrowave ovens)
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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