Panama: Mounted Piezo-Electric Crystals Market 2024

Mounted Piezo-Electric Crystals Market Size in Panama

The Panamanian mounted piezo-electric crystals market expanded significantly to $X in 2022, growing by X% against the previous year. In general, consumption posted prominent growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Mounted Piezo-Electric Crystals Production in Panama

In value terms, mounted piezo-electric crystals production reached $X in 2022 estimated in export price. Overall, production continues to indicate a prominent expansion. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Mounted piezo-electric crystals production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Mounted Piezo-Electric Crystals Exports

Exports from Panama

In 2022, overseas shipments of mounted piezo-electric crystals decreased by X% to X units, falling for the third consecutive year after three years of growth. Overall, exports enjoyed a mild increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, mounted piezo-electric crystals exports totaled $X in 2022. In general, exports recorded a moderate expansion. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Costa Rica (X units), Jamaica (X units) and Venezuela (X units) were the main destinations of mounted piezo-electric crystals exports from Panama, with a combined X% share of total exports. Trinidad and Tobago, the Dominican Republic, Ecuador, Honduras and Brazil lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), Jamaica ($X) and Venezuela ($X) appeared to be the largest markets for mounted piezo-electric crystals exported from Panama worldwide, with a combined X% share of total exports. Trinidad and Tobago, the Dominican Republic, Ecuador, Honduras and Brazil lagged somewhat behind, together accounting for a further X%.

Ecuador, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mounted piezo-electric crystals export price amounted to $X per unit, flattening at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Brazil ($X per unit) and Jamaica ($X per unit), while the average price for exports to Ecuador ($X per unit) and Venezuela ($X 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 Brazil (X%), while the prices for the other major destinations experienced mixed trend patterns.

Mounted Piezo-Electric Crystals Imports

Imports into Panama

In 2022, the amount of mounted piezo-electric crystals imported into Panama reduced notably to X units, waning by X% against 2021. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then reduced remarkably in the following year.

In value terms, mounted piezo-electric crystals imports dropped rapidly to $X in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units) and Italy (X units) were the main suppliers of mounted piezo-electric crystals imports to Panama.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%).

In value terms, the largest mounted piezo-electric crystals suppliers to Panama were the United States ($X) and Italy ($X).

Among the main suppliers, Italy, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average mounted piezo-electric crystals import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Italy totaled $X per unit.

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

Source: IndexBox Platform

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