Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Panama - 2022

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Panama (CIF) - 2022
2. Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Panama (FOB) - 2022
3. Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Panama
4. Exports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Panama

Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Panama (CIF) - 2022

In 2022, the average import price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses amounted to $2,896 per unit, with an increase of 8.7% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses increased by +96.9% against 2016 indices. The growth pace was the most rapid in 2020 an increase of 29% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 China ($8,465 per unit), while the price for Free Zones ($1,596 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Panama (FOB) - 2022

The average export price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses stood at $2,612 per unit in 2020, picking up by 12% against the previous year. In general, the export price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 77%. The export price peaked in 2020 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Cuba.

From 2012 to 2020, the rate of growth in terms of prices for Cuba amounted to +35.7% per year.

Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Panama

In 2022, the amount of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses imported into Panama dropped sharply to 10 units, shrinking by -56.5% against 2021 figures. In general, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 92%. As a result, imports reached the peak of 23 units, and then plummeted in the following year.

In value terms, imports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses fell dramatically to $29K in 2022. Overall, imports, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 98% against the previous year. As a result, imports reached the peak of $61K, and then shrank sharply in the following year.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices to Panama in 2022:

1. Free Zones (7.0 units)
2. United States (2.0 units)
3. China (1.0 units)

Exports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Panama

Exports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses from Panama surged to 221 units in 2020, picking up by 38% on 2019. Overall, total exports indicated a significant increase from 2019 to 2020: its volume increased at an average annual rate of +38.1% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses soared to $577K in 2020. Over the period under review, total exports indicated a significant expansion from 2019 to 2020: its value increased at an average annual rate of +55.1% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices from Panama in 2022:

1. Cuba (221.0 units)

Source: IndexBox Market Intelligence Platform