Panama: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in Panama

In 2022, the Panamanian electrical signalling apparatus market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. In general, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Electrical signalling apparatus consumption peaked at $X in 2021, and then dropped in the following year.

Electrical Signalling Apparatus Production in Panama

In value terms, electrical signalling apparatus production amounted to $X in 2022 estimated in export price. In general, production showed a notable expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Electrical signalling apparatus production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electrical Signalling Apparatus Exports

Exports from Panama

In 2022, the amount of electrical apparatus for sound or visual signalling exported from Panama was estimated at X units, therefore, remained relatively stable against the previous year's figure. Over the period under review, exports showed a significant decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, electrical signalling apparatus exports totaled $X in 2022. In general, exports saw a perceptible 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, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Curacao (X units) was the main destination for electrical signalling apparatus exports from Panama, accounting for a X% share of total exports. Moreover, electrical signalling apparatus exports to Curacao exceeded the volume sent to the second major destination, Aruba (X units), fourfold. Cuba (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Curacao totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (X% per year) and Cuba (X% per year).

It was followed by Cuba, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Curacao amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (X% per year) and Cuba (X% per year).

Export Prices by Country

In 2022, the average electrical signalling apparatus export price amounted to $X per unit, approximately equating the previous year. Overall, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per unit), while the average price for exports to Trinidad and Tobago ($X 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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports into Panama

In 2022, the amount of electrical apparatus for sound or visual signalling imported into Panama declined sharply to X units, with a decrease of X% on 2021 figures. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, electrical signalling apparatus imports fell sharply to $X in 2022. Overall, imports, however, recorded modest growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Free Zones (X units) and the United States (X units) were the main suppliers of electrical signalling apparatus imports to Panama, together comprising X% of total imports.

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

In value terms, Free Zones ($X), the United States ($X) and Canada ($X) appeared to be the largest electrical signalling apparatus suppliers to Panama, together accounting for X% of total imports.

Among the main suppliers, Free Zones, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical signalling apparatus import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price saw a prominent expansion. The growth pace was the most rapid in 2016 an increase of X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Venezuela ($X per unit), while the price for Hong Kong SAR ($X 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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