Isolating Switch Price in Panama - 2023

Contents:

1. Isolating Switch Price in Panama (CIF) - 2022
2. Isolating Switch Price in Panama (FOB) - 2022
3. Isolating Switch Imports in Panama
4. Isolating Switch Exports in Panama

Isolating Switch Price in Panama (CIF) - 2022

The average isolating switch import price stood at $28 per unit in 2022, rising by 16% against the previous year. In general, the import price saw a buoyant increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 124% against the previous year. As a result, import price reached the peak level of $37 per unit. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($73 per unit), while the price for China ($12 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Isolating Switch Price in Panama (FOB) - 2022

The average isolating switch export price stood at $54 per unit in 2022, with a decrease of -5.8% against the previous year. Over the period under review, the export price, however, saw a remarkable increase. The growth pace was the most rapid in 2018 when the average export price increased by 93%. The export price peaked at $58 per unit in 2021, and then fell in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Venezuela ($56 per unit) and Nicaragua ($56 per unit), while the average price for exports to Ecuador ($49 per unit) and Guyana ($49 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 Guyana (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Isolating Switch Imports in Panama

In 2022, isolating switch imports into Panama totaled 90K units, growing by 7.6% compared with 2021. Over the period under review, imports, however, showed a sharp decline. Imports peaked at 296K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, isolating switch imports skyrocketed to $2.5M in 2022. In general, imports, however, continue to indicate a precipitous slump. Imports peaked at $8.5M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Isolating Switch to Panama in 2022:

1. Mexico (21.8K units)
2. Spain (21.1K units)
3. China (15.7K units)
4. Italy (12.1K units)
5. United States (8.2K units)
6. Free Zones (4.1K units)
7. Colombia (3.8K units)

Isolating Switch Exports in Panama

In 2022, overseas shipments of isolating switches & make-and-break switches were finally on the rise to reach 8.5K units after two years of decline. Over the period under review, exports, however, recorded a significant curtailment. The exports peaked at 18K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, isolating switch exports rose modestly to $459K in 2022. In general, exports, however, faced a abrupt decrease. Over the period under review, the exports reached the peak figure at $805K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Isolating Switch from Panama in 2022:

1. Costa Rica (2.1K units)
2. Honduras (1.1K units)
3. Colombia (1.0K units)
4. Venezuela (0.9K units)
5. Nicaragua (0.6K units)
6. Ecuador (0.6K units)
7. Guyana (0.3K units)

Source: IndexBox Market Intelligence Platform