Report Update: May 1, 2024

Panama - Radar Apparatus, Radio Navigational Aid Apparatus And Radio Remote Control Apparatus - Market Analysis, Forecast, Size, Trends And Insights

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Radar Apparatus Price in Panama - 2022

Radar Apparatus Price in Panama (CIF) - 2022

In 2022, the average radar apparatus import price amounted to $105 per unit, almost unchanged from the previous year. In general, the import price, however, showed a deep contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 59%. As a result, import price attained the peak level of $358 per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($250 per unit), while the price for Mexico ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-7.0%), while the prices for the other major suppliers experienced a decline.

Radar Apparatus Price in Panama (FOB) - 2022

In 2022, the average radar apparatus export price amounted to $271 per unit, leveling off at the previous year. Overall, the export price recorded a pronounced setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 92% against the previous year. As a result, the export price reached the peak level of $448 per unit. From 2021 to 2022, the average export prices remained 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 Denmark ($1,765 per unit), while the average price for exports to Colombia ($49 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 the Dominican Republic (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports in Panama

In 2022, imports of radar apparatus, radio navigational aid apparatus and radio remote control apparatus into Panama skyrocketed to 34K units, increasing by 19% compared with the previous year. In general, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 84%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, radar apparatus imports soared to $3.6M in 2022. Over the period under review, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. Imports peaked at $4M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Radar Apparatus in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	2,312	733	772	1,489	-13.6%
Denmark	9.9	6.0	876	654	304.2%
China	638	176	258	269	-25.0%
Free Zones	82.8	62.2	127	249	44.3%
Hong Kong SAR	66.9	23.8	35.9	117	20.5%
Brazil	0.7	22.5	2.0	56.1	331.1%
Mexico	24.7	59.3	34.2	31.1	8.0%
Others	900	673	866	706	-7.8%
Total	4,036	1,756	2,972	3,569	-4.0%

Top Suppliers of Radar Apparatus to Panama in 2022:

China (14.4K units)
United States (5.9K units)
Hong Kong SAR (3.8K units)
Denmark (2.6K units)
Mexico (1.9K units)
Brazil (1.4K units)
Free Zones (1.0K units)

Radar Apparatus Exports in Panama

In 2022, approx. 1.1K units of radar apparatus, radio navigational aid apparatus and radio remote control apparatus were exported from Panama; flattening at the year before. Overall, exports saw a dramatic slump. The smallest decline of -50.4% was in 2020. The exports peaked at 2.7K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, radar apparatus exports amounted to $298K in 2022. Over the period under review, exports faced a sharp setback. The smallest decline of -4.7% was in 2020. The exports peaked at $625K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Radar Apparatus in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Dominican Republic	69.4	0.8	N/A	82.1	5.8%
Denmark	9.4	15.7	N/A	35.3	55.4%
Venezuela	11.5	75.1	N/A	21.8	23.8%
Colombia	70.7	13.0	N/A	19.3	-35.1%
Suriname	0.2	56.4	N/A	16.4	334.4%
Jamaica	0.4	1.2	N/A	13.7	224.8%
Cuba	24.0	24.3	N/A	7.2	-33.1%
Ukraine	20.6	20.4	N/A	5.9	-34.1%
Chile	35.5	1.2	N/A	5.0	-48.0%
Netherlands	68.2	33.2	N/A	1.1	-74.7%
Guatemala	45.9	5.7	N/A	0.9	-73.0%
Trinidad and Tobago	11.6	19.2	N/A	0.3	-70.4%
Others	257	330	N/A	88.9	-29.8%
Total	625	596	N/A	298	-21.9%

Top Export Markets for Radar Apparatus from Panama in 2022:

Colombia (396.0 units)
Dominican Republic (344.0 units)
Venezuela (58.0 units)
Suriname (43.0 units)
Jamaica (36.0 units)
Chile (33.0 units)
Denmark (20.0 units)
Cuba (19.0 units)
Ukraine (16.0 units)
Netherlands (3.0 units)
Guatemala (2.0 units)
Trinidad and Tobago (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the radar apparatus 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 26512020 - Radar apparatus
Prodcom 26512050 - Radio navigational aid apparatus (including radio beacons and radio buoys, receivers, radio compasses equipped with multiple aerials or with a directional frame aerial)
Prodcom 26512080 - Radio remote control apparatus (including for ships, pilotless aircraft, rockets, missiles, toys, and model ships or aircraft, for machines, for the detonation of mines)
Prodcom 26512060 -
Prodcom 26512090 -

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
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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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023