Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Panama - 2024

Contents:

1. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Panama (CIF) - 2022
2. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Panama (FOB) - 2022
3. Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Panama
4. Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Panama

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Panama (CIF) - 2022

In 2022, the average import price for sound recording or reproducing apparatus; turntables (record-decks)s amounted to $140 per unit, increasing by 6.5% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 sound recording or reproducing apparatus; turntables (record-decks)s increased by +72.6% against 2015 indices. The growth pace was the most rapid in 2013 an increase of 42%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($142 per unit) and Free Zones ($141 per unit), while the price for Germany ($128 per unit) and China ($141 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Panama (FOB) - 2022

In 2022, the average export price for sound recording or reproducing apparatus; turntables (record-decks)s amounted to $34 per unit, which is down by -65.6% against the previous year. Overall, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 95% against the previous year. The export price peaked at $114 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($180 per unit), while the average price for exports to Uruguay ($23 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 Guatemala (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Panama

In 2022, overseas purchases of sound recording or reproducing apparatus; turntables (record-decks)s decreased by -21.7% to 403 units, falling for the second consecutive year after two years of growth. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 458% against the previous year. As a result, imports reached the peak of 3K units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of sound recording or reproducing apparatus; turntables (record-decks)s fell remarkably to $57K in 2022. In general, imports, however, enjoyed a tangible expansion. The growth pace was the most rapid in 2020 when imports increased by 512% against the previous year. As a result, imports reached the peak of $318K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) to Panama in 2022:

1. Free Zones (210.0 units)
2. China (125.0 units)
3. United States (54.0 units)
4. Germany (11.0 units)

Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Panama

Exports of sound recording or reproducing apparatus; turntables (record-decks)s from Panama expanded to 22 units in 2022, increasing by 4.8% compared with the previous year. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 50%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of sound recording or reproducing apparatus; turntables (record-decks)s contracted dramatically to $743 in 2022. Overall, exports, however, continue to indicate a sharp downturn. The growth pace was the most rapid in 2021 when exports increased by 29% against the previous year. As a result, the exports reached the peak of $2.1K, and then contracted sharply in the following year.

Top Export Markets for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) from Panama in 2022:

1. Uruguay (20.0 units)
2. Bolivia (1.0 units)
3. Chile (1.0 units)

Source: IndexBox Market Intelligence Platform