Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Panama - 2024
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Panama (CIF) - 2024
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Panama (FOB) - 2022
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Panama
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Panama
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Panama (CIF) - 2024
In January 2024, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $67,215 per unit, remaining constant against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 9.8% month-to-month. Over the period under review, average import prices hit record highs at $67,215 per unit in December 2023, and then shrank slightly in the following month.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was Japan ($67,217 per unit), while the price for South Korea ($67,207 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Germany (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Panama (FOB) - 2022
In 2022, the average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $35,354 per unit, reducing by -7.3% against the previous year. Over the period under review, the export price showed a perceptible decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by 236% against the previous year. As a result, the export price reached the peak level of $132,436 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($59,179 per unit), while the average price for exports to Spain ($6,329 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 Burkina Faso (+78.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Panama
In 2022, approx. 754 units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs were imported into Panama; waning by -45.2% compared with 2021 figures. In general, imports showed a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year. Imports peaked at 1.5K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs contracted to $39M in 2022. Overall, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 99.9% against the previous year. Over the period under review, imports of hit record highs at $50M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.2 | 13.6 | 32.3 | 27.6 | -6.0% |
| Japan | 8.9 | 3.0 | 4.8 | 6.1 | -11.8% |
| Mexico | 1.1 | 1.4 | 1.1 | 1.2 | 2.9% |
| Germany | 2.2 | 0.9 | 1.6 | 1.2 | -18.3% |
| South Korea | 1.2 | 0.9 | 0.7 | 0.6 | -20.6% |
| Others | 3.6 | 1.1 | 1.6 | 2.0 | -17.8% |
| Total | 50.3 | 21.0 | 42.0 | 38.9 | -8.2% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Panama in 2022:
- United States (581.0 units)
- Japan (83.0 units)
- Mexico (26.0 units)
- Germany (17.0 units)
- South Korea (13.0 units)
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Panama
In 2022, shipments abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs decreased by -63.2% to 7 units, falling for the second consecutive year after two years of growth. In general, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 60%. As a result, the exports attained the peak of 24 units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs contracted notably to $232K in 2022. Overall, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 35% against the previous year. As a result, the exports reached the peak of $1.1M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | N/A | N/A | 268 | 178 | -33.6% |
| Chile | N/A | N/A | N/A | 21.6 | 0% |
| United States | 51.0 | N/A | 13.8 | 15.8 | -32.3% |
| Burkina Faso | 2.0 | N/A | N/A | 11.1 | 77.1% |
| Spain | 19.4 | 129 | 67.1 | 6.3 | -31.3% |
| Germany | 139 | 8.5 | N/A | N/A | -93.9% |
| Guatemala | 319 | 725 | 26.6 | N/A | -71.1% |
| Costa Rica | 273 | 84.0 | 19.1 | N/A | -73.5% |
| Italy | N/A | N/A | 120 | N/A | 0% |
| Others | N/A | 137 | 33.4 | N/A | -75.6% |
| Total | 803 | 1,083 | 548 | 232 | -33.9% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Panama in 2022:
- Nigeria (3.0 units)
- United States (1.0 units)
- Spain (1.0 units)
- Burkina Faso (1.0 units)
- Chile (1.0 units)
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