Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Panama - 2023
Contents:
- Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Panama (CIF) - 2022
- Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Panama (FOB) - 2022
- Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Panama
- Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Panama
Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Panama (CIF) - 2022
The average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $549 per unit in 2022, with an increase of 36% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Free Zones ($553 per unit) and Peru ($552 per unit), while the price for China ($434 per unit) and Chile ($541 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Panama (FOB) - 2022
Panama has no trade partners to describe.
Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Panama
In 2022, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses into Panama declined dramatically to 456 units, with a decrease of -67.3% against 2021 figures. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 545%. As a result, imports attained the peak of 1.4K units, and then dropped remarkably in the following year.
In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses reduced sharply to $250K in 2022. In general, imports, however, showed a perceptible increase. The pace of growth appeared the most rapid in 2021 when imports increased by 559%. As a result, imports attained the peak of $563K, and then declined remarkably in the following year.
| Import of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 12.4 | N/A | 15.1 | 114 | 109.5% |
| Spain | 5.5 | N/A | N/A | 49.4 | 107.9% |
| Peru | N/A | N/A | N/A | 40.8 | 0% |
| United States | 24.5 | 6.8 | 29.4 | 21.3 | -4.6% |
| Chile | N/A | N/A | N/A | 13.0 | 0% |
| Free Zones | 35.5 | 2.4 | 39.4 | 11.1 | -32.1% |
| China | 23.4 | 23.9 | 54.2 | 0.9 | -66.2% |
| Colombia | N/A | 9.9 | 321 | N/A | 3142.4% |
| Hong Kong SAR | N/A | N/A | 61.6 | N/A | 0% |
| Costa Rica | 73.7 | 0.1 | 0.1 | N/A | -96.3% |
| Italy | 42.1 | 20.6 | 26.5 | N/A | -20.7% |
| Others | 13.5 | 21.7 | 15.1 | N/A | 5.8% |
| Total | 231 | 85.4 | 563 | 250 | 2.7% |
Top Suppliers of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas to Panama in 2022:
- Mexico (207.0 units)
- Spain (90.0 units)
- Peru (74.0 units)
- United States (39.0 units)
- Chile (24.0 units)
- Free Zones (20.0 units)
- China (2.0 units)
Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Panama
For the third year in a row, Panama recorded decline in shipments abroad of heaters; instantaneous or storage water heaters, non-electric, other than gasses, which decreased by 0% to 3 units in 2022. Over the period under review, exports continue to indicate a dramatic descent. The smallest decline of -96.9% was in 2020. Over the period under review, the exports of reached the maximum at 195 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $2.6K in 2022. Overall, exports faced a significant contraction. The smallest decline of -95.8% was in 2020. Over the period under review, the exports of attained the peak figure at $124K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 7.7 | 2.0 | N/A | N/A | -74.0% |
| United States | 82.7 | N/A | N/A | N/A | 0% |
| Costa Rica | 18.6 | N/A | N/A | N/A | 0% |
| Jamaica | N/A | 0.8 | N/A | N/A | 0% |
| Others | 14.6 | 2.4 | N/A | 2.6 | -43.7% |
| Total | 124 | 5.2 | N/A | 2.6 | -72.4% |
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