Radio Navigation Apparatus Price in Panama - 2022
Contents:
- Radio Navigation Apparatus Price in Panama (CIF) - 2022
- Radio Navigation Apparatus Price in Panama (FOB) - 2022
- Radio Navigation Apparatus Imports in Panama
- Radio Navigation Apparatus Exports in Panama
Radio Navigation Apparatus Price in Panama (CIF) - 2022
The average radio navigation apparatus import price stood at $203 per unit in 2022, falling by -8.5% against the previous year. Overall, the import price recorded a pronounced slump. The pace of growth was the most pronounced in 2018 an increase of 81% against the previous year. The import price peaked at $327 per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 Spain ($1,766 per unit), while the price for Hong Kong SAR ($55 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Radio Navigation Apparatus Price in Panama (FOB) - 2022
In 2022, the average radio navigation apparatus export price amounted to $225 per unit, leveling off at the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 40% against the previous year. As a result, the export price attained the peak level of $278 per unit. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($942 per unit), while the average price for exports to Venezuela ($26 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 Denmark (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.
Radio Navigation Apparatus Imports in Panama
Radio navigation apparatus imports into Panama contracted modestly to 8.8K units in 2022, with a decrease of -4.6% against the year before. In general, imports, however, saw strong growth. The pace of growth was the most pronounced in 2021 with an increase of 208% against the previous year. As a result, imports attained the peak of 9.3K units, and then fell slightly in the following year.
In value terms, radio navigation apparatus imports contracted to $1.8M in 2022. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 238%. As a result, imports reached the peak of $2.1M, and then shrank in the following year.
| Import of Radio Navigation Apparatus in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 15.4 | 0.9 | 492 | 622 | 243.1% |
| United States | 276 | 54.0 | 241 | 375 | 10.8% |
| China | 70.1 | 6.9 | 81.6 | 169 | 34.1% |
| Free Zones | 16.1 | 6.8 | 47.0 | 150 | 110.4% |
| Hong Kong SAR | 4.4 | 4.7 | 14.5 | 101 | 184.2% |
| Colombia | 2.0 | 1.3 | 5.0 | 70.6 | 228.0% |
| Lithuania | 1.0 | 3.1 | 19.7 | 65.8 | 303.7% |
| Greece | 26.0 | 8.1 | 63.0 | N/A | 55.7% |
| Others | 899 | 521 | 1,091 | 238 | -35.8% |
| Total | 1,310 | 607 | 2,054 | 1,792 | 11.0% |
Top Suppliers of Radio Navigation Apparatus to Panama in 2022:
- China (2.4K units)
- Hong Kong SAR (1.8K units)
- Denmark (0.6K units)
- Lithuania (0.4K units)
- Colombia (0.3K units)
- United States (0.2K units)
- Free Zones (0.2K units)
Radio Navigation Apparatus Exports in Panama
In 2022, shipments abroad of radio navigational aid apparatus decreased by 0% to 427 units, falling for the second year in a row after two years of growth. In general, exports faced a deep downturn. The pace of growth was the most pronounced in 2020 when exports increased by 41%. As a result, the exports attained the peak of 843 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, radio navigation apparatus exports amounted to $96K in 2022. Over the period under review, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 30% against the previous year. As a result, the exports attained the peak of $192K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Radio Navigation Apparatus in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 87.7 | 115 | N/A | 39.4 | -23.4% |
| Denmark | 3.5 | 3.9 | N/A | 17.0 | 69.4% |
| Colombia | 9.1 | 2.9 | N/A | 4.5 | -20.9% |
| Mexico | 2.4 | 7.4 | N/A | 4.1 | 19.5% |
| Japan | 5.4 | 3.8 | N/A | 2.4 | -23.7% |
| Costa Rica | 0.4 | 9.3 | N/A | 2.3 | 79.2% |
| Guyana | 0.7 | 0.5 | N/A | 0.4 | -17.0% |
| Guatemala | 13.5 | 6.7 | N/A | 0.4 | -69.1% |
| Argentina | 0.7 | 0.5 | N/A | 0.3 | -24.6% |
| Others | 23.9 | 41.5 | N/A | 25.1 | 1.6% |
| Total | 147 | 192 | N/A | 96.0 | -13.2% |
Top Export Markets for Radio Navigation Apparatus from Panama in 2022:
- Dominican Republic (309.0 units)
- Denmark (18.0 units)
- Mexico (13.0 units)
- Japan (8.0 units)
- Guyana (7.0 units)
- Costa Rica (7.0 units)
- Colombia (6.0 units)
- Argentina (5.0 units)
- Guatemala (1.0 units)
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