Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Panama - 2024

Contents:

1. Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Panama (FOB) - 2022
2. Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Panama (CIF) - 2022
3. Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Panama
4. Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Panama

Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Panama (FOB) - 2022

In 2022, the average export price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $30,738 per unit, jumping by 241% against the previous year. In general, the export price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 an increase of 527%. As a result, the export price attained the peak level of $46,836 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($29,195 per unit), while the average price for exports to Chile ($1,559 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 Cyprus (+114.1%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Panama (CIF) - 2022

In 2022, the average import price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $14,606 per unit, shrinking by -16.9% against the previous year. Over the period under review, the import price, however, posted prominent growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 52% against the previous year. The import price peaked at $17,581 per unit in 2021, and then shrank rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($25,134 per unit), while the price for China ($4,980 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+36.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Panama

In 2022, shipments abroad of yachts and other vessels; for pleasure or sports, rowing boats and canoeses decreased by -57.5% to 76 units, falling for the second year in a row after two years of growth. Overall, exports showed a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 37%. As a result, the exports attained the peak of 213 units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses surged to $2.3M in 2022. In general, exports faced a significant contraction. The exports peaked at $5M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes from Panama in 2022:

1. Turkey (27.0 units)
2. Spain (23.0 units)
3. Ecuador (11.0 units)
4. United States (6.0 units)
5. Chile (4.0 units)

Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Panama

After two years of decline, supplies from abroad of yachts and other vessels; for pleasure or sports, rowing boats and canoeses increased by 42% to 98 units in 2022. Over the period under review, imports, however, saw a dramatic curtailment. Imports peaked at 717 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses surged to $1.4M in 2022. In general, imports, however, continue to indicate a sharp shrinkage. Over the period under review, imports of attained the peak figure at $7.9M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes to Panama in 2022:

1. United States (48.0 units)
2. China (23.0 units)
3. Chile (8.0 units)
4. Costa Rica (4.0 units)
5. Free Zones (4.0 units)
6. Netherlands (3.0 units)
7. United Kingdom (2.0 units)
8. Canada (1.0 units)

Source: IndexBox Market Intelligence Platform