Panama - Wiring Sets Used In Vehicles, Aircraft Or Ships - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 10, 2024

Panama - Wiring Sets Used In Vehicles, Aircraft Or Ships - Market Analysis, Forecast, Size, Trends And Insights

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Price for Wiring Sets Used in Vehicles, Aircraft or Ships in Panama - 2023

Contents:

  1. Price for Wiring Sets Used in Vehicles, Aircraft or Ships in Panama (CIF) - 2022
  2. Price for Wiring Sets Used in Vehicles, Aircraft or Ships in Panama (FOB) - 2022
  3. Imports of Wiring Sets Used in Vehicles, Aircraft or Ships in Panama
  4. Exports of Wiring Sets Used in Vehicles, Aircraft or Ships in Panama

Price for Wiring Sets Used in Vehicles, Aircraft or Ships in Panama (CIF) - 2022

The average import price for wiring sets used in vehicles, aircraft or ships stood at $14,750 per ton in 2022, picking up by 22% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 176%. As a result, import price attained the peak level of $17,775 per ton. From 2016 to 2022, the average import prices remained at a somewhat 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 Japan ($27,939 per ton), while the price for Colombia ($4,467 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wiring Sets Used in Vehicles, Aircraft or Ships in Panama (FOB) - 2022

In 2022, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $32,649 per ton, stabilizing at the previous year. In general, the export price posted a resilient expansion. The growth pace was the most rapid in 2015 an increase of 227% against the previous year. The export price peaked at $32,899 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($12,398 per ton), while the average price for exports to Grenada ($167 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+4.3%), while the prices for the other major destinations experienced a decline.

Imports of Wiring Sets Used in Vehicles, Aircraft or Ships in Panama

In 2022, imports of wiring sets used in vehicles, aircraft or ships into Panama shrank significantly to 78 tons, falling by -26.9% compared with the year before. Over the period under review, imports faced a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 6.8% against the previous year.

In value terms, imports of wiring sets used in vehicles, aircraft or ships contracted to $1.1M in 2022. Overall, imports saw a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 6.9% against the previous year.

Import of Wiring Sets Used in Vehicles, Aircraft or Ships in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States495281332358-10.2%
Free Zones251158253164-13.2%
China706233199153-39.9%
South Korea18791.5147134-10.5%
Japan423231117132-32.2%
Mexico14011561.937.8-35.4%
Others37489.1171165-23.9%
Total2,5761,1981,2801,144-23.7%

Top Suppliers of Wiring Sets Used in Vehicles, Aircraft or Ships to Panama in 2022:

  1. China (22.7 tons)
  2. United States (16.9 tons)
  3. Free Zones (15.7 tons)
  4. South Korea (9.9 tons)
  5. Japan (4.7 tons)
  6. Mexico (2.5 tons)

Exports of Wiring Sets Used in Vehicles, Aircraft or Ships in Panama

In 2022, exports of wiring sets used in vehicles, aircraft or ships from Panama totaled 9.8 tons, therefore, remained relatively stable against the year before. In general, exports showed a sharp decline. The smallest decline of -31.5% was in 2020.

In value terms, exports of wiring sets used in vehicles, aircraft or ships stood at $321K in 2022. Overall, exports saw a significant contraction. The smallest decline of -25.9% was in 2020.

Export of Wiring Sets Used in Vehicles, Aircraft or Ships in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Costa Rica30.530463.889.643.2%
Colombia0.1N/A1.110.0364.2%
Ecuador4.96.73.510.026.8%
Guyana3.114.50.63.76.1%
SurinameN/A10.9N/A3.6-42.5%
Guatemala51.717735.51.4-70.0%
Jamaica1.922.52.81.3-11.9%
GrenadaN/AN/AN/A0.10%
Others774106-107.4201-36.2%
Total866641N/A321-28.2%

Top Export Markets for Wiring Sets Used in Vehicles, Aircraft or Ships from Panama in 2022:

  1. Costa Rica (9.4 tons)
  2. Colombia (1.4 tons)
  3. Jamaica (0.8 tons)
  4. Ecuador (0.8 tons)
  5. Suriname (0.7 tons)
  6. Guyana (0.7 tons)
  7. Guatemala (0.5 tons)
  8. Grenada (0.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for wiring sets used in vehicles, aircraft or ships 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 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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