Panama - Side Cars and Cycles with Non-Combustion Motors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Side Car and Cycle with Non-Combustion Motor in Panama - 2023
Contents:
- Price for Side Car and Cycle with Non-Combustion Motor in Panama (CIF) - 2022
- Price for Side Car and Cycle with Non-Combustion Motor in Panama (FOB) - 2022
- Imports of Side Car and Cycle with Non-Combustion Motor in Panama
- Exports of Side Car and Cycle with Non-Combustion Motor in Panama
Price for Side Car and Cycle with Non-Combustion Motor in Panama (CIF) - 2022
The average import price for side cars and cycles with non-combustion motors stood at $1,124 per unit in 2022, picking up by 26% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for side cars and cycles with non-combustion motors increased by +55.5% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 48%. As a result, import price attained the peak level of $1,209 per unit. From 2019 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Free Zones ($1,134 per unit) and the United States ($1,131 per unit), while the price for Germany ($1,095 per unit) and China ($1,120 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Side Car and Cycle with Non-Combustion Motor in Panama (FOB) - 2022
The average export price for side cars and cycles with non-combustion motors stood at $1,313 per unit in 2022, picking up by 44% against the previous year. Over the period under review, the export price, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 784%. Over the period under review, the average export prices attained the peak figure at $5,320 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Costa Rica ($1,471 per unit), while the average price for exports to Uruguay ($247 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 Costa Rica (+59.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Side Car and Cycle with Non-Combustion Motor in Panama
After two years of decline, overseas purchases of side cars and cycles with non-combustion motors increased by 2.4% to 975 units in 2022. In general, imports, however, recorded a sharp downturn. Over the period under review, imports of hit record highs at 28K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of side cars and cycles with non-combustion motors soared to $1.1M in 2022. Over the period under review, imports, however, recorded a sharp curtailment. Imports peaked at $20M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Side Car and Cycle with Non-Combustion Motor in Panama (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 19.4 | 9.4 | 0.6 | 0.7 | -67.0% |
United States | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
Free Zones | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
Hong Kong SAR | 0.4 | 0.2 | N/A | N/A | -50.0% |
Germany | N/A | N/A | N/A | N/A | 0% |
Others | 0.1 | 0.2 | N/A | N/A | 100.0% |
Total | 20.1 | 10.0 | 0.9 | 1.1 | -62.0% |
Top Suppliers of Side Car and Cycle with Non-Combustion Motor to Panama in 2022:
- China (613.0 units)
- Free Zones (182.0 units)
- United States (145.0 units)
- Germany (21.0 units)
Exports of Side Car and Cycle with Non-Combustion Motor in Panama
After three years of growth, shipments abroad of side cars and cycles with non-combustion motors decreased by -66.6% to 141 units in 2022. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 549% against the previous year. As a result, the exports reached the peak of 422 units, and then declined significantly in the following year.
In value terms, exports of side cars and cycles with non-combustion motors fell notably to $185K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 357% against the previous year. As a result, the exports attained the peak of $386K, and then contracted notably in the following year.
Export of Side Car and Cycle with Non-Combustion Motor in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Costa Rica | N/A | 46.2 | 135 | 171 | 92.4% |
Aruba | 40.2 | 26.3 | 147 | 10.1 | -36.9% |
Bahamas | N/A | N/A | N/A | 1.9 | 0% |
Guyana | N/A | N/A | 7.7 | 1.3 | -83.1% |
Uruguay | N/A | N/A | N/A | 1.0 | 0% |
Ecuador | 24.4 | 1.8 | 16.7 | N/A | -17.3% |
Guatemala | N/A | 10.1 | 16.8 | N/A | 66.3% |
United States | N/A | N/A | 26.7 | N/A | 0% |
Brazil | N/A | N/A | 33.8 | N/A | 0% |
Others | 2.0 | N/A | 2.1 | 0.4 | -41.5% |
Total | 66.7 | 84.4 | 386 | 185 | 40.5% |
Top Export Markets for Side Car and Cycle with Non-Combustion Motor from Panama in 2022:
- Costa Rica (116.0 units)
- Aruba (8.0 units)
- Guyana (5.0 units)
- Bahamas (5.0 units)
- Uruguay (4.0 units)
This report provides an in-depth analysis of the market for side car and cycle with non-combustion motor 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 30911300 - Side cars for motorcycles, cycles with auxiliary motors other than reciprocating internal combustion piston engine
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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