Panama - Starter Motors And Dual Purpose Starter Generators - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStarter Motor Price in Panama - 2023
Contents:
- Starter Motor Price in Panama (CIF) - 2022
- Starter Motor Price in Panama (FOB) - 2022
- Starter Motor Imports in Panama
- Starter Motor Exports in Panama
Starter Motor Price in Panama (CIF) - 2022
In 2022, the average starter motor import price amounted to $74 per unit, declining by -16.5% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starter motor import price increased by +26.7% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 63%. Over the period under review, average import prices reached the peak figure at $88 per unit in 2021, and then contracted rapidly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Hong Kong SAR ($74 per unit) and Taiwan (Chinese) ($74 per unit), while the price for Belgium ($73 per unit) and Germany ($74 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Starter Motor Price in Panama (FOB) - 2022
In 2022, the average starter motor export price amounted to $43 per unit, remaining relatively unchanged against the previous year. In general, the export price recorded a noticeable decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 13%. Over the period under review, the average export prices attained the maximum at $60 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Costa Rica ($46 per unit) and El Salvador ($45 per unit), while the average price for exports to Bolivia ($42 per unit) and Cuba ($43 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (-0.8%), while the prices for the other major destinations experienced a decline.
Starter Motor Imports in Panama
In 2022, after two years of decline, there was significant growth in supplies from abroad of starter motors and dual purpose starter generators, when their volume increased by 12% to 22K units. In general, imports, however, faced a sharp downturn. Imports peaked at 49K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, starter motor imports shrank to $1.6M in 2022. Overall, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Imports peaked at $2.9M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Starter Motor in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 433 | 354 | 541 | 481 | 3.6% |
| Free Zones | 304 | 238 | 480 | 311 | 0.8% |
| China | 649 | 217 | 241 | 305 | -22.3% |
| Japan | 573 | 31.5 | 62.0 | 92.0 | -45.6% |
| South Korea | 258 | 101 | 108 | 88.7 | -29.9% |
| Malaysia | 149 | 110 | 60.7 | 88.4 | -16.0% |
| Germany | 64.5 | 15.3 | 24.1 | 59.7 | -2.5% |
| Mexico | 214 | 34.5 | 55.5 | 41.5 | -42.1% |
| Others | 223 | 172 | 185 | 173 | -8.1% |
| Total | 2,867 | 1,274 | 1,757 | 1,640 | -17.0% |
Top Suppliers of Starter Motor to Panama in 2022:
- United States (6.5K units)
- Free Zones (4.2K units)
- China (4.1K units)
- Japan (1.2K units)
- Malaysia (1.2K units)
- South Korea (1.2K units)
- Germany (0.8K units)
- Mexico (0.6K units)
Starter Motor Exports in Panama
For the third consecutive year, Panama recorded decline in overseas shipments of starter motors and dual purpose starter generators, which decreased by 0% to 5.9K units in 2022. Overall, exports faced a dramatic downturn. The smallest decline of -48.3% was in 2020. Over the period under review, the exports reached the peak figure at 23K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, starter motor exports totaled $258K in 2022. In general, exports continue to indicate a precipitous decrease. The smallest decline of -47% was in 2020. The exports peaked at $973K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Starter Motor in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 164 | 66.2 | N/A | 37.1 | -39.1% |
| Bolivia | 226 | 0.5 | N/A | 36.2 | -45.7% |
| Honduras | 52.9 | 63.2 | N/A | 23.6 | -23.6% |
| Ecuador | 84.3 | 43.8 | N/A | 22.1 | -36.0% |
| Colombia | 76.3 | 35.7 | N/A | 21.2 | -34.7% |
| Nicaragua | 6.1 | 46.8 | N/A | 17.3 | 41.5% |
| Dominican Republic | 8.9 | 27.6 | N/A | 10.2 | 4.6% |
| Cuba | 39.5 | 5.9 | N/A | 7.4 | -42.8% |
| El Salvador | 19.8 | 18.3 | N/A | 7.1 | -29.0% |
| Trinidad and Tobago | 20.9 | 0.3 | N/A | 3.6 | -44.4% |
| Free Zones | 50.9 | 1.5 | N/A | N/A | -97.1% |
| United States | N/A | 29.1 | N/A | N/A | 0% |
| Others | 223 | 177 | N/A | 71.7 | -31.5% |
| Total | 973 | 515 | N/A | 258 | -35.8% |
Top Export Markets for Starter Motor from Panama in 2022:
- Venezuela (867.0 units)
- Bolivia (851.0 units)
- Honduras (537.0 units)
- Ecuador (512.0 units)
- Colombia (478.0 units)
- Nicaragua (398.0 units)
- Dominican Republic (235.0 units)
- Cuba (174.0 units)
- El Salvador (159.0 units)
- Trinidad and Tobago (85.0 units)
This report provides an in-depth analysis of the starter motor market 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 29312230 - Starter motors and dual-purpose starter-generators
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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