Panama - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCombined Refrigerator-Freezer Price in Panama - 2023
Contents:
- Combined Refrigerator-Freezer Price in Panama (CIF) - 2022
- Combined Refrigerator-Freezer Price in Panama (FOB) - 2022
- Combined Refrigerator-Freezer Imports in Panama
- Combined Refrigerator-Freezer Exports in Panama
Combined Refrigerator-Freezer Price in Panama (CIF) - 2022
The average combined refrigerator-freezer import price stood at $397 per unit in 2022, picking up by 13% against the previous year. Overall, the import price recorded a slight increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($397 per unit) and Colombia ($397 per unit), while the price for the United States ($397 per unit) and China ($397 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Combined Refrigerator-Freezer Price in Panama (FOB) - 2022
In 2022, the average combined refrigerator-freezer export price amounted to $305 per unit, remaining stable against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 20%. Over the period under review, the average export prices reached the peak figure at $328 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Saint Lucia ($316 per unit) and Grenada ($312 per unit), while the average price for exports to Guyana ($300 per unit) and Cuba ($300 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 Saint Lucia (+1.1%), while the prices for the other major destinations experienced a decline.
Combined Refrigerator-Freezer Imports in Panama
In 2022, the amount of combined refrigerators-freezers imported into Panama shrank significantly to 90K units, with a decrease of -26.7% compared with the previous year's figure. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Over the period under review, imports attained the peak figure at 123K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, combined refrigerator-freezer imports contracted remarkably to $36M in 2022. Overall, imports showed a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of $43M, and then declined notably in the following year.
Import of Combined Refrigerator-Freezer in Panama (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 12.4 | 8.8 | 20.9 | 18.7 | 14.7% |
Free Zones | 7.2 | 7.1 | 8.0 | 7.4 | 0.9% |
China | 17.4 | 12.2 | 8.8 | 5.8 | -30.7% |
Colombia | 0.5 | 0.3 | 0.8 | 1.4 | 40.9% |
United States | 0.6 | 0.4 | 0.8 | 0.6 | 0.0% |
South Korea | 0.4 | 0.4 | 0.4 | 0.6 | 14.5% |
Thailand | 1.0 | 1.5 | 2.8 | 0.4 | -26.3% |
Others | 1.1 | 0.6 | 0.6 | 0.7 | -14.0% |
Total | 40.5 | 31.3 | 43.0 | 35.6 | -4.2% |
Top Suppliers of Combined Refrigerator-Freezer to Panama in 2022:
- Mexico (47.1K units)
- Free Zones (18.7K units)
- China (14.6K units)
- Colombia (3.5K units)
- United States (1.5K units)
- South Korea (1.4K units)
- Thailand (1.0K units)
Combined Refrigerator-Freezer Exports in Panama
For the third consecutive year, Panama recorded decline in shipments abroad of combined refrigerators-freezers, which decreased by 0% to 18K units in 2022. In general, exports faced a sharp slump. The smallest decline of -11% was in 2020. Over the period under review, the exports reached the maximum at 40K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, combined refrigerator-freezer exports stood at $5.4M in 2022. Over the period under review, exports showed a sharp downturn. The smallest decline of -6.3% was in 2020. Over the period under review, the exports reached the maximum at $11M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Combined Refrigerator-Freezer in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Dominican Republic | 1,043 | 280 | N/A | 317 | -32.8% |
Venezuela | 288 | 661 | N/A | 301 | 1.5% |
Honduras | 186 | 492 | N/A | 224 | 6.4% |
Cuba | 478 | 267 | N/A | 164 | -30.0% |
Guyana | 419 | 182 | N/A | 132 | -32.0% |
Belize | 267 | 129 | N/A | 98.2 | -28.4% |
Aruba | 97.5 | 207 | N/A | 94.3 | -1.1% |
Nicaragua | 174 | 190 | N/A | 86.2 | -20.9% |
Barbados | 187 | 96.8 | N/A | 71.9 | -27.3% |
Grenada | 142 | 122 | N/A | 69.9 | -21.0% |
Jamaica | 73.2 | 145 | N/A | 65.8 | -3.5% |
Colombia | 117 | 132 | N/A | 63.3 | -18.5% |
Saint Lucia | 83.7 | 98.7 | N/A | 62.6 | -9.2% |
Others | 7,879 | 7,715 | N/A | 3,609 | -22.9% |
Total | 11,434 | 10,717 | N/A | 5,359 | -22.3% |
Top Export Markets for Combined Refrigerator-Freezer from Panama in 2022:
- Dominican Republic (1.0K units)
- Venezuela (1.0K units)
- Honduras (0.7K units)
- Cuba (0.5K units)
- Guyana (0.4K units)
- Nicaragua (0.3K units)
- Aruba (0.3K units)
- Belize (0.3K units)
- Jamaica (0.2K units)
- Saint Lucia (0.2K units)
- Colombia (0.2K units)
- Grenada (0.2K units)
- Barbados (0.2K units)
This report provides an in-depth analysis of the combined refrigerator-freezer 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 27511110 - Combined refrigerators-freezers, with separate external doors
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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