Report Update: May 1, 2024

Panama - Air Conditioning Machines For Motor Vehicles - Market Analysis, Forecast, Size, Trends And Insights

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Price for Motor Vehicle Air Conditioning Machine in Panama - 2022

Price for Motor Vehicle Air Conditioning Machine in Panama (CIF) - 2022

In 2022, the average import price for air conditioning machines for motor vehicles amounted to $447 per unit, picking up by 9.3% against the previous year. In general, the import price, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2019 an increase of 24%. Over the period under review, average import prices attained the peak figure at $562 per unit in 2013; however, from 2014 to 2022, 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 ($1,535 per unit), while the price for the United States ($225 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+58.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Motor Vehicle Air Conditioning Machine in Panama (FOB) - 2022

The average export price for air conditioning machines for motor vehicles stood at $152 per unit in 2022, dropping by -31.7% against the previous year. Over the period under review, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2019 an increase of 86% against the previous year. As a result, the export price attained the peak level of $278 per unit. From 2020 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 Guyana ($268 per unit), while the average price for exports to the Dominican Republic ($22 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 El Salvador (+41.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Motor Vehicle Air Conditioning Machine in Panama

After two years of decline, overseas purchases of air conditioning machines for motor vehicles increased by 35% to 393 units in 2022. Overall, imports, however, faced a sharp downturn. Over the period under review, imports hit record highs at 938 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, motor vehicle air conditioning machine imports skyrocketed to $176K in 2022. In general, imports, however, faced a sharp descent. Imports peaked at $417K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Motor Vehicle Air Conditioning Machine in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3.5	60.1	7.3	45.8	135.6%
United States	53.5	57.6	23.7	44.4	-6.0%
Free Zones	180	3.0	7.5	30.5	-44.7%
Germany	13.9	3.4	11.6	17.5	8.0%
Japan	1.5	8.3	5.5	11.4	96.6%
Poland	2.0	0.6	5.2	6.9	51.1%
Thailand	5.9	3.4	0.5	6.8	4.8%
Australia	42.7	24.1	2.7	1.9	-64.6%
Others	114	74.5	55.1	10.6	-54.7%
Total	417	235	119	176	-25.0%

Top Suppliers of Motor Vehicle Air Conditioning Machine to Panama in 2022:

United States (197.0 units)
Free Zones (57.0 units)
China (40.0 units)
Germany (33.0 units)
Japan (22.0 units)
Poland (13.0 units)
Thailand (13.0 units)
Australia (5.0 units)

Exports of Motor Vehicle Air Conditioning Machine in Panama

Motor vehicle air conditioning machine exports from Panama skyrocketed to 120 units in 2022, growing by 22% against 2021 figures. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 1,685%. As a result, the exports attained the peak of 607 units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, motor vehicle air conditioning machine exports dropped significantly to $18K in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 831% against the previous year. As a result, the exports attained the peak of $88K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Motor Vehicle Air Conditioning Machine in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
El Salvador	1.5	11.4	4.1	3.3	30.1%
Guyana	N/A	23.1	4.0	3.2	-62.8%
Nicaragua	0.4	8.9	1.5	1.2	44.2%
United States	1.0	1.7	1.5	1.2	6.3%
Guatemala	0.5	8.2	1.5	1.2	33.9%
Aruba	N/A	12.8	N/A	0.6	-78.3%
Ecuador	0.1	1.5	0.1	0.5	71.0%
Honduras	0.2	2.7	0.5	0.4	26.0%
Venezuela	0.2	3.0	0.4	0.3	14.5%
Jamaica	0.1	1.5	0.1	0.2	26.0%
Cuba	0.1	0.8	0.2	0.2	26.0%
Colombia	N/A	4.0	N/A	0.2	-77.6%
Costa Rica	0.1	7.0	0.9	0.1	0.0%
Others	5.3	1.3	7.0	5.6	1.9%
Total	9.5	88.0	21.8	18.2	24.2%

Top Export Markets for Motor Vehicle Air Conditioning Machine from Panama in 2022:

El Salvador (33.0 units)
Nicaragua (12.0 units)
Guyana (12.0 units)
United States (12.0 units)
Guatemala (12.0 units)
Colombia (9.0 units)
Aruba (6.0 units)
Ecuador (5.0 units)
Honduras (4.0 units)
Venezuela (3.0 units)
Jamaica (2.0 units)
Cuba (2.0 units)
Costa Rica (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for motor vehicle air conditioning machine 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 28251240 - Air conditioning machines of a kind used in motor vehicles

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023