Panama - Electric Accumulators - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAccumulator Price in Panama - 2023
Contents:
- Accumulator Price in Panama (CIF) - 2022
- Accumulator Price in Panama (FOB) - 2022
- Accumulator Imports in Panama
- Accumulator Exports in Panama
Accumulator Price in Panama (CIF) - 2022
The average accumulator import price stood at $50 per unit in 2022, growing by 7.7% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, accumulator import price increased by +37.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 58% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
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 Free Zones ($96 per unit), while the price for China ($45 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Accumulator Price in Panama (FOB) - 2022
The average accumulator export price stood at $79 per unit in 2022, rising by 244% against the previous year. In general, the export price, however, continues to indicate a drastic downturn. The export price peaked at $169 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($116 per unit), while the average price for exports to Chile ($45 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 Haiti (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.
Accumulator Imports in Panama
In 2022, the amount of electric accumulators imported into Panama dropped to 780K units, declining by -9.9% compared with the previous year's figure. Overall, imports saw a abrupt setback. Over the period under review, imports attained the maximum at 1.3M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, accumulator imports reduced to $39M in 2022. Over the period under review, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 12% against the previous year. Over the period under review, imports hit record highs at $61M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Accumulator in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.4 | 10.6 | 4.2 | 8.2 | -22.2% |
| Colombia | 2.7 | 3.4 | 6.8 | 8.0 | 43.6% |
| United States | 12.3 | 6.3 | 7.0 | 7.0 | -17.1% |
| South Korea | 9.6 | 6.6 | 9.0 | 5.2 | -18.5% |
| Mexico | 3.3 | 3.5 | 5.4 | 4.3 | 9.2% |
| Free Zones | 2.0 | 1.1 | 2.2 | 2.2 | 3.2% |
| Greece | 0.1 | 0.3 | 0.7 | 1.2 | 128.9% |
| Hong Kong SAR | 3.0 | 1.3 | 0.8 | 0.3 | -53.6% |
| Turkey | 2.9 | 0.2 | 0.4 | 0.2 | -59.0% |
| Others | 8.0 | 2.8 | 3.9 | 2.5 | -32.1% |
| Total | 61.3 | 36.0 | 40.3 | 39.1 | -13.9% |
Top Suppliers of Accumulator to Panama in 2022:
- China (181.6K units)
- Colombia (140.2K units)
- South Korea (89.7K units)
- United States (83.2K units)
- Mexico (74.3K units)
- Free Zones (23.2K units)
- Greece (16.3K units)
- Hong Kong SAR (5.6K units)
- Turkey (3.3K units)
Accumulator Exports in Panama
Accumulator exports from Panama shrank rapidly to 39K units in 2022, reducing by -37.1% on the previous year. Over the period under review, exports saw a sharp downturn. The smallest decline of -29.9% was in 2021. Over the period under review, the exports hit record highs at 178K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, accumulator exports surged to $3.1M in 2022. In general, exports showed a dramatic slump. Over the period under review, the exports reached the maximum at $15M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Accumulator in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cuba | 2,226 | 368 | 507 | 466 | -40.6% |
| Mexico | 2,584 | 241 | 25.7 | 321 | -50.1% |
| Costa Rica | 418 | 352 | 66.6 | 284 | -12.1% |
| Venezuela | 638 | 798 | 38.1 | 243 | -27.5% |
| Peru | 1,907 | 385 | 6.4 | 211 | -52.0% |
| Dominican Republic | 809 | 182 | 248 | 177 | -39.7% |
| El Salvador | 430 | 874 | 16.4 | 173 | -26.2% |
| Jamaica | 310 | 579 | 3.3 | 162 | -19.5% |
| United States | 362 | 484 | 42.1 | 155 | -24.6% |
| Bolivia | 572 | 56.9 | 2.5 | 145 | -36.7% |
| Haiti | 956 | 50.3 | 0.4 | 142 | -47.0% |
| Colombia | 520 | 128 | 80.0 | 124 | -38.0% |
| Suriname | 139 | 96.3 | 97.7 | 66.5 | -21.8% |
| Others | 2,768 | 1,774 | 306 | 443 | -45.7% |
| Total | 14,640 | 6,368 | 1,440 | 3,113 | -40.3% |
Top Export Markets for Accumulator from Panama in 2022:
- Mexico (4.5K units)
- Cuba (4.0K units)
- Venezuela (4.0K units)
- Costa Rica (3.0K units)
- El Salvador (2.8K units)
- Peru (2.7K units)
- Jamaica (2.6K units)
- United States (2.3K units)
- Haiti (1.8K units)
- Bolivia (1.8K units)
- Suriname (1.4K units)
- Colombia (1.3K units)
- Dominican Republic (1.1K units)
This report provides an in-depth analysis of the accumulator 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 27202100 - Lead-acid accumulators for starting piston engines
- Prodcom 27202210 -
- Prodcom 27202250 -
- Prodcom 27202300 - Nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer, nickel-iron and other electric accumulators
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
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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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