Price for Electrical Insulators of Any Material in Panama - 2023

Contents:

1. Price for Electrical Insulators of Any Material in Panama (CIF) - 2023
2. Price for Electrical Insulators of Any Material in Panama (FOB) - 2022
3. Imports of Electrical Insulators of Any Material in Panama
4. Exports of Electrical Insulators of Any Material in Panama

Price for Electrical Insulators of Any Material in Panama (CIF) - 2023

In September 2023, the average import price for electrical insulators of any materials amounted to $1.0 per unit, dropping by -30.9% against the previous month. In general, the import price, however, recorded a resilient expansion. The pace of growth appeared the most rapid in April 2023 an increase of 168% m-o-m. Over the period under review, average import prices reached the maximum at $1.5 per unit in August 2023, and then reduced sharply in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($5.7 per unit), while the price for Colombia ($553 per thousand units) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Panama (FOB) - 2022

In 2022, the average export price for electrical insulators of any materials amounted to $1.3 per unit, stabilizing at the previous year. Over the period under review, the export price recorded resilient growth. The growth pace was the most rapid in 2013 an increase of 73% against the previous year. The export price peaked at $1.7 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($1.4 per unit), while the average price for exports to Guatemala ($1.2 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 (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Insulators of Any Material in Panama

Electrical insulators of any material imports into Panama rose modestly to 4.4M units in 2022, with an increase of 3.2% against 2021 figures. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, electrical insulators of any material imports skyrocketed to $2.3M in 2022. Over the period under review, imports recorded a perceptible increase. The growth pace was the most rapid in 2021 when imports increased by 54%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Electrical Insulators of Any Material to Panama in 2022:

1. China (2119.5K units)
2. Colombia (1204.9K units)
3. United States (564.9K units)
4. Chile (184.7K units)
5. Peru (124.3K units)
6. Brazil (118.5K units)
7. South Korea (0.8K units)

Exports of Electrical Insulators of Any Material in Panama

For the third consecutive year, Panama recorded decline in shipments abroad of electrical insulators of any materials, which decreased by 0% to 37K units in 2022. In general, exports saw a dramatic downturn. The smallest decline of -74.2% was in 2020. Over the period under review, the exports attained the peak figure at 288K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, electrical insulators of any material exports amounted to $47K in 2022. Overall, exports continue to indicate a sharp descent. The smallest decline of -81.1% was in 2020. The exports peaked at $497K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Electrical Insulators of Any Material from Panama in 2022:

1. Venezuela (28.9K units)
2. Guatemala (2.2K units)
3. Dominican Republic (0.5K units)

Source: IndexBox Market Intelligence Platform