Price for Winches and Capstans; Not Powered by an Electric Motor in Panama - 2022
Contents:
- Price for Winches and Capstans; Not Powered by an Electric Motor in Panama (CIF) - 2022
- Price for Winches and Capstans; Not Powered by an Electric Motor in Panama (FOB) - 2022
- Imports of Winches and Capstans; Not Powered by an Electric Motor in Panama
- Exports of Winches and Capstans; Not Powered by an Electric Motor in Panama
Price for Winches and Capstans; Not Powered by an Electric Motor in Panama (CIF) - 2022
The average import price for winches and capstans; not powered by an electric motors stood at $1,499 per unit in 2022, growing by 206% against the previous year. Over the period under review, the import price enjoyed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,656 per unit), while the price for Mexico ($133 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+62.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winches and Capstans; Not Powered by an Electric Motor in Panama (FOB) - 2022
In 2022, the average export price for winches and capstans; not powered by an electric motors amounted to $121 per unit, declining by -98.1% against the previous year. In general, the export price continues to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 491% against the previous year. Over the period under review, the average export prices reached the maximum at $6,804 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($577 per unit), while the average price for exports to El Salvador ($1 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 Dominican Republic (+8.2%), while the prices for the other major destinations experienced a decline.
Imports of Winches and Capstans; Not Powered by an Electric Motor in Panama
In 2022, approx. 397 units of winches and capstans; not powered by an electric motors were imported into Panama; which is down by -58.4% against 2021. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 212%. As a result, imports attained the peak of 955 units, and then declined markedly in the following year.
In value terms, imports of winches and capstans; not powered by an electric motors surged to $595K in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 221% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Winches and Capstans; Not Powered by an Electric Motor in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 6.9 | 5.3 | 6.8 | 446 | 301.3% |
| China | 9.3 | 12.2 | 20.2 | 51.3 | 76.7% |
| United States | 15.1 | 11.9 | 22.9 | 19.3 | 8.5% |
| Spain | 36.2 | 13.7 | 8.0 | 14.7 | -25.9% |
| Mexico | 0.1 | 10.0 | 15.8 | 0.1 | 0.0% |
| Dominican Republic | 41.4 | N/A | N/A | N/A | 0% |
| Peru | 17.8 | 11.5 | 14.4 | N/A | -10.1% |
| Guatemala | 67.5 | N/A | N/A | N/A | 0% |
| United Kingdom | 0.1 | 0.6 | 72.6 | N/A | 2594.4% |
| Uruguay | N/A | N/A | 71.6 | N/A | 0% |
| Taiwan (Chinese) | 1.2 | 3.2 | 40.7 | N/A | 482.4% |
| Ukraine | 34.4 | 21.7 | 26.5 | N/A | -12.2% |
| Others | 106 | 55.5 | 168 | 63.3 | -15.8% |
| Total | 336 | 146 | 467 | 595 | 21.0% |
Top Suppliers of Winches and Capstans; Not Powered by an Electric Motor to Panama in 2022:
- Free Zones (270.0 units)
- United States (70.0 units)
- China (31.0 units)
- Spain (9.0 units)
- Mexico (1.0 units)
Exports of Winches and Capstans; Not Powered by an Electric Motor in Panama
In 2022, shipments abroad of winches and capstans; not powered by an electric motors decreased by -37.5% to 20 units for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 60%. As a result, the exports attained the peak of 32 units, and then contracted notably in the following year.
In value terms, exports of winches and capstans; not powered by an electric motors fell sharply to $2.4K in 2022. Over the period under review, exports showed a significant curtailment. The pace of growth was the most pronounced in 2021 with an increase of 845%. As a result, the exports reached the peak of $209K, and then declined dramatically in the following year.
| Export of Winches and Capstans; Not Powered by an Electric Motor in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 6.9 | 6.6 | 33.2 | 0.6 | -55.7% |
| Honduras | 0.1 | 0.7 | 7.7 | 0.1 | 0.0% |
| Dominican Republic | 1.1 | 1.2 | 7.2 | 0.1 | -55.0% |
| Chile | 0.6 | 0.3 | 0.3 | N/A | -29.3% |
| Guatemala | 0.2 | 0.5 | 0.7 | N/A | 87.1% |
| Costa Rica | 0.7 | 0.9 | 1.5 | N/A | 46.4% |
| Guyana | N/A | 0.1 | 0.5 | N/A | 400.0% |
| El Salvador | N/A | N/A | 0.1 | N/A | 0% |
| Cuba | 0.2 | 0.1 | 0.6 | N/A | 73.2% |
| Colombia | 0.4 | 0.1 | 1.5 | N/A | 93.6% |
| Belize | 0.3 | N/A | 0.8 | N/A | 63.3% |
| Jamaica | 0.1 | 0.1 | 0.2 | N/A | 41.4% |
| Brazil | 0.3 | 0.3 | 1.4 | N/A | 116.0% |
| Others | 2.4 | 11.1 | 153 | 1.4 | -16.4% |
| Total | 13.3 | 22.1 | 209 | 2.4 | -43.5% |
Top Export Markets for Winches and Capstans; Not Powered by an Electric Motor from Panama in 2022:
- Brazil (1.0 units)
- Jamaica (1.0 units)
- Honduras (1.0 units)
- Colombia (1.0 units)
- Cuba (1.0 units)
- El Salvador (1.0 units)
- Guyana (1.0 units)
- Costa Rica (1.0 units)
- Guatemala (1.0 units)
- Chile (1.0 units)
- Dominican Republic (1.0 units)
- Belize (1.0 units)
- Ecuador (1.0 units)
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