Panama - Acoustic New Upright Pianos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUpright Piano Price in Panama - 2023
Contents:
- Upright Piano Price in Panama (CIF) - 2022
- Upright Piano Price in Panama (FOB) - 2022
- Upright Piano Imports in Panama
- Upright Piano Exports in Panama
Upright Piano Price in Panama (CIF) - 2022
The average upright piano import price stood at $2,625 per unit in 2022, declining by -6.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 509%. The import price peaked at $2,802 per unit in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($3,121 per unit), while the price for the United States ($1,039 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Upright Piano Price in Panama (FOB) - 2022
Panama has no trade partners to describe.
Upright Piano Imports in Panama
In 2022, supplies from abroad of acoustic new upright pianos decreased by -3.8% to 25 units, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2020 when imports increased by 160%. As a result, imports attained the peak of 78 units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, upright piano imports fell to $66K in 2022. In general, imports saw a pronounced slump. The most prominent rate of growth was recorded in 2020 when imports increased by 168%. As a result, imports reached the peak of $199K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Upright Piano in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 34.3 | 34.9 | 68.7 | 61.5 | 21.5% |
| Colombia | N/A | N/A | N/A | 3.1 | 0% |
| United States | 0.1 | N/A | 1.2 | 1.0 | 115.4% |
| Japan | 8.3 | 61.3 | N/A | N/A | 638.6% |
| China | 24.4 | 1.0 | 0.9 | N/A | -80.8% |
| Malaysia | 3.4 | 98.5 | N/A | N/A | 2797.1% |
| Others | 3.6 | 3.0 | 2.1 | N/A | -23.6% |
| Total | 74.1 | 199 | 72.9 | 65.6 | -4.0% |
Top Suppliers of Upright Piano to Panama in 2022:
- Free Zones (23.0 units)
- United States (1.0 units)
- Colombia (1.0 units)
Upright Piano Exports in Panama
In 2022, overseas shipments of acoustic new upright pianos decreased by 0% to 8 units, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 60%. As a result, the exports attained the peak of 16 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, upright piano exports totaled $39K in 2022. Overall, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 64%. As a result, the exports reached the peak of $79K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Upright Piano in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 6.9 | 21.8 | N/A | N/A | 215.9% |
| Chile | 0.6 | 21.3 | N/A | N/A | 3450.0% |
| Guatemala | 5.7 | N/A | N/A | N/A | 0% |
| El Salvador | N/A | 0.6 | N/A | N/A | 0% |
| Cuba | 0.5 | N/A | N/A | N/A | 0% |
| Others | 34.3 | 34.9 | N/A | 39.3 | 4.6% |
| Total | 48.0 | 78.7 | N/A | 39.3 | -6.4% |
Top Export Markets for Upright Piano from Panama in 2022:
This report provides an in-depth analysis of the upright piano 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 32201110 - Acoustic new upright pianos (including automatic pianos)
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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