Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Panama - 2023

Contents:

1. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Panama (CIF) - 2022
2. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Panama (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Panama
4. Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Panama

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Panama (CIF) - 2022

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $5,134 per ton, dropping by -14% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 162%. Over the period under review, average import prices hit record highs at $15,402 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Taiwan (Chinese) ($14,175 per ton), while the price for China ($2,874 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.3%), while the prices for the other major suppliers experienced a decline.

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Panama (FOB) - 2022

In 2022, the average export price for cycles; parts thereof, wheel rims and spokeses amounted to $8,194 per ton, surging by 150% against the previous year. In general, the export price posted buoyant growth. The export price peaked at $8,219 per ton in 2019; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guyana ($7,694 per ton), while the average price for exports to Belize ($2,251 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Panama

In 2022, overseas purchases of cycles; parts thereof, wheel rims and spokeses decreased by -2.5% to 32 tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a dramatic curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. As a result, imports reached the peak of 88 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses reduced dramatically to $166K in 2022. Overall, imports recorded a sharp decrease. The smallest decline of -13.4% was in 2020.

Top Suppliers of Cycles; Parts Thereof, Wheel Rims and Spokes to Panama in 2022:

1. Free Zones (15.8 tons)
2. China (10.2 tons)
3. United States (3.5 tons)
4. Taiwan (Chinese) (2.4 tons)

Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Panama

In 2022, shipments abroad of cycles; parts thereof, wheel rims and spokeses decreased by -54% to 6.6 tons, falling for the second consecutive year after two years of growth. Overall, exports faced a dramatic decrease. The growth pace was the most rapid in 2020 when exports increased by 288% against the previous year. As a result, the exports reached the peak of 67 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses stood at $54K in 2022. In general, exports recorded a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of 162%. As a result, the exports attained the peak of $374K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Cycles; Parts Thereof, Wheel Rims and Spokes from Panama in 2022:

1. Belize (2.7 tons)
2. Jamaica (2.1 tons)
3. Guyana (1.3 tons)
4. Costa Rica (0.2 tons)

Source: IndexBox Market Intelligence Platform