Video Game Console Price in Panama - 2023
Contents:
- Video Game Console Price in Panama (CIF) - 2023
- Video Game Console Price in Panama (FOB) - 2022
- Video Game Console Imports in Panama
- Video Game Console Exports in Panama
Video Game Console Price in Panama (CIF) - 2023
In July 2023, the average video game console import price amounted to $189 per unit, waning by -18.4% against the previous month. Overall, the import price saw a perceptible contraction. The most prominent rate of growth was recorded in February 2023 an increase of 92% month-to-month. Over the period under review, average import prices reached the maximum at $301 per unit in March 2023; however, from April 2023 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Free Zones ($320 per unit), while the price for Spain ($60.5 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Free Zones (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Video Game Console Price in Panama (FOB) - 2022
In 2022, the average video game console export price amounted to $371 per unit, shrinking by -10.6% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 217%. The export price peaked at $415 per unit in 2021, and then fell in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($1,631 per unit), while the average price for exports to Ecuador ($62 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 Venezuela (+49.6%), while the prices for the other major destinations experienced more modest paces of growth.
Video Game Console Imports in Panama
For the third consecutive year, Panama recorded decline in overseas purchases of video game consoles, which decreased by -24.9% to 8.9K units in 2022. In general, imports recorded a sharp reduction. Imports peaked at 35K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, video game console imports fell notably to $1.7M in 2022. Overall, imports recorded a dramatic shrinkage. The smallest decline of -30% was in 2020. Over the period under review, imports attained the maximum at $11M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Video Game Console in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.6 | 4.8 | 0.7 | 0.6 | -58.8% |
| Free Zones | 0.3 | 0.7 | 0.4 | 0.6 | 26.0% |
| China | 1.0 | 1.7 | 1.7 | 0.5 | -20.6% |
| Others | 0.7 | 0.3 | N/A | N/A | -57.1% |
| Total | 10.7 | 7.5 | 2.8 | 1.7 | -45.8% |
Top Suppliers of Video Game Console to Panama in 2022:
- Free Zones (4.8K units)
- China (2.2K units)
- United States (1.9K units)
Video Game Console Exports in Panama
In 2022, shipments abroad of video game consoles decreased by -25.4% to 2.7K units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 157%. As a result, the exports attained the peak of 3.9K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, video game console exports shrank rapidly to $1M in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 714%. Over the period under review, the exports hit record highs at $1.5M in 2021, and then shrank rapidly in the following year.
| Export of Video Game Console in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 45.8 | 1,044 | 1,254 | 757 | 154.7% |
| Ecuador | N/A | 7.3 | 33.4 | 73.6 | 217.5% |
| Costa Rica | 83.6 | 83.8 | 67.8 | 55.7 | -12.7% |
| Sweden | N/A | N/A | N/A | 39.0 | 0% |
| Aruba | N/A | 16.2 | 4.1 | 9.3 | -24.2% |
| El Salvador | 3.4 | 0.6 | 2.5 | 4.6 | 10.6% |
| Guatemala | 19.3 | 25.6 | 20.2 | 3.8 | -41.8% |
| Others | 2.2 | 78.9 | 125 | 62.4 | 205.0% |
| Total | 154 | 1,257 | 1,506 | 1,005 | 86.9% |
Top Export Markets for Video Game Console from Panama in 2022:
- Ecuador (1180.0 units)
- Costa Rica (569.0 units)
- Chile (464.0 units)
- Sweden (147.0 units)
- Aruba (48.0 units)
- El Salvador (41.0 units)
- Guatemala (17.0 units)
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