Price for Non-Furniture Refrigerating or Freezing Equipment in Panama - 2024

Contents:

1. Price for Non-Furniture Refrigerating or Freezing Equipment in Panama (CIF) - 2024
2. Price for Non-Furniture Refrigerating or Freezing Equipment in Panama (FOB) - 2022
3. Imports of Non-Furniture Refrigerating or Freezing Equipment in Panama
4. Exports of Non-Furniture Refrigerating or Freezing Equipment in Panama

Price for Non-Furniture Refrigerating or Freezing Equipment in Panama (CIF) - 2024

The average import price for non-furniture refrigerating or freezing equipment stood at $128 per unit in November 2023, growing by 27% against the previous month. In general, import price indicated a modest increase from January 2023 to November 2023: its price increased at an average monthly rate of +1.2% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, non-furniture refrigerating or freezing equipment import price increased by +28.7% against September 2023 indices. The pace of growth appeared the most rapid in June 2023 an increase of 69% month-to-month. Over the period under review, average import prices reached the maximum at $168 per unit in February 2023; however, from March 2023 to November 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Ecuador ($404 per unit), while the price for China ($46.6 per unit) was amongst the lowest.

From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Ecuador (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Furniture Refrigerating or Freezing Equipment in Panama (FOB) - 2022

The average export price for non-furniture refrigerating or freezing equipment stood at $81 per unit in 2022, with a decrease of -23.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 246%. As a result, the export price attained the peak level of $256 per unit. From 2021 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 the Dominican Republic ($211 per unit), while the average price for exports to Trinidad and Tobago ($33 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 the Netherlands (+39.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Furniture Refrigerating or Freezing Equipment in Panama

In 2022, the amount of non-furniture refrigerating or freezing equipment imported into Panama contracted to 131K units, waning by -12.4% against the previous year's figure. Overall, imports saw a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 37% against the previous year. Imports peaked at 164K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-furniture refrigerating or freezing equipment imports expanded slightly to $16M in 2022. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. Imports peaked at $23M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Panama in 2022:

1. China (52.0K units)
2. Chile (27.8K units)
3. United States (17.7K units)
4. Free Zones (11.1K units)
5. Italy (5.4K units)
6. Mexico (5.4K units)
7. Brazil (3.6K units)

Exports of Non-Furniture Refrigerating or Freezing Equipment in Panama

Non-furniture refrigerating or freezing equipment exports from Panama dropped rapidly to 1.9K units in 2022, waning by -79.9% on 2021. Over the period under review, exports showed a dramatic shrinkage. The growth pace was the most rapid in 2021 when exports increased by 153% against the previous year. As a result, the exports reached the peak of 9.3K units, and then reduced dramatically in the following year.

In value terms, non-furniture refrigerating or freezing equipment exports fell dramatically to $150K in 2022. In general, exports saw a significant decline. The most prominent rate of growth was recorded in 2020 when exports increased by 91%. The exports peaked at $983K in 2021, and then shrank sharply in the following year.

Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Panama in 2022:

1. Guyana (590.0 units)
2. Belize (291.0 units)
3. Costa Rica (275.0 units)
4. Antigua and Barbuda (269.0 units)
5. Bahamas (173.0 units)
6. Trinidad and Tobago (85.0 units)
7. Jamaica (77.0 units)
8. Dominican Republic (35.0 units)
9. Guatemala (1.0 units)

Source: IndexBox Market Intelligence Platform