Tungsten Halogen Lamp Price in Panama - 2022

Tungsten Halogen Lamp Price in Panama (CIF) - 2022

The average tungsten halogen lamp import price stood at $1.4 per unit in 2022, jumping by 22% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 24% against the previous year. Over the period under review, average import prices hit record highs at $1.4 per unit in 2013; afterwards, it flattened through to 2022.

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 South Korea ($3 per unit), while the price for Spain ($0.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Tungsten Halogen Lamp Price in Panama (FOB) - 2022

The average tungsten halogen lamp export price stood at $1.6 per unit in 2022, leveling off at the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 82%. The export price peaked at $1.6 per unit in 2019; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Venezuela ($1.6 per unit) and El Salvador ($1.6 per unit), while the average price for exports to Honduras ($1.6 per unit) and Nicaragua ($1.6 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 Venezuela (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.

Tungsten Halogen Lamp Imports in Panama

In 2022, approx. 255K units of tungsten halogen lamps were imported into Panama; which is down by -8.4% against the previous year. Overall, imports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2021 when imports increased by 1%. Over the period under review, imports hit record highs at 503K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, tungsten halogen lamp imports stood at $352K in 2022. In general, imports faced a abrupt setback. Imports peaked at $615K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Tungsten Halogen Lamp in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	204	162	90.2	132	-13.5%
South Korea	112	40.0	27.2	121	2.6%
United States	23.7	57.9	61.9	47.9	26.4%
Germany	38.1	1.5	33.6	21.7	-17.1%
Spain	19.0	19.2	2.5	9.1	-21.8%
India	73.1	5.6	12.7	3.3	-64.4%
Free Zones	53.2	35.2	51.4	2.8	-62.5%
Others	92.0	16.3	36.8	14.9	-45.5%
Total	615	338	316	352	-17.0%

Top Suppliers of Tungsten Halogen Lamp to Panama in 2022:

China (148.6K units)
South Korea (40.9K units)
United States (23.0K units)
Germany (18.3K units)
Spain (14.4K units)
Free Zones (2.9K units)
India (1.5K units)

Tungsten Halogen Lamp Exports in Panama

For the third year in a row, Panama recorded decline in shipments abroad of tungsten halogen lamps, which decreased by 0% to 43K units in 2022. Overall, exports recorded a precipitous curtailment. The smallest decline of -64.1% was in 2020. Over the period under review, the exports hit record highs at 240K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, tungsten halogen lamp exports amounted to $68K in 2022. In general, exports recorded a precipitous slump. The smallest decline of -64.3% was in 2020. Over the period under review, the exports attained the peak figure at $383K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Tungsten Halogen Lamp in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Guatemala	92.2	0.2	N/A	11.9	-49.5%
Guyana	3.8	35.6	N/A	9.7	36.7%
Honduras	49.8	4.6	N/A	9.2	-43.0%
Costa Rica	33.2	28.7	N/A	9.2	-34.8%
Jamaica	12.9	5.3	N/A	2.7	-40.6%
El Salvador	20.1	1.3	N/A	2.6	-49.4%
Nicaragua	12.4	0.9	N/A	2.0	-45.6%
Dominican Republic	78.0	N/A	N/A	N/A	0%
Belgium	N/A	29.7	N/A	N/A	0%
Others	81.0	30.5	N/A	20.9	-36.3%
Total	383	137	N/A	68.4	-43.7%