Way-Type Unit Head Price in Panama - 2022
Contents:
- Way-Type Unit Head Price in Panama (CIF) - 2022
- Way-Type Unit Head Price in Panama (FOB) - 2022
- Way-Type Unit Head Imports in Panama
- Way-Type Unit Head Exports in Panama
Way-Type Unit Head Price in Panama (CIF) - 2022
The average way-type unit head import price stood at $302 per unit in 2022, declining by -38.3% against the previous year. In general, the import price, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 an increase of 477%. Over the period under review, average import prices reached the maximum at $1,952 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Free Zones.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +45.5% per year.
Way-Type Unit Head Price in Panama (FOB) - 2022
In 2022, the average way-type unit head export price amounted to $296 per unit, approximately mirroring the previous year. In general, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of 655%. The export price peaked at $5,515 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($855 per unit), while the average price for exports to Cuba ($1 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 Jamaica (+124.9%), while the prices for the other major destinations experienced more modest paces of growth.
Way-Type Unit Head Imports in Panama
In 2022, overseas purchases of way-type unit heads for working metal decreased by -99.6% to 1 units for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2021 when imports increased by 444% against the previous year. As a result, imports attained the peak of 234 units, and then contracted significantly in the following year.
In value terms, way-type unit head imports contracted sharply to $302 in 2022. Over the period under review, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 301%. As a result, imports reached the peak of $115K, and then reduced markedly in the following year.
| Import of Way-Type Unit Head in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 0.3 | 0.5 | 0.4 | 0.3 | 0.0% |
| Ecuador | 4.0 | 4.9 | 3.7 | N/A | -3.8% |
| South Korea | 5.9 | 9.1 | 8.3 | N/A | 18.6% |
| Colombia | 2.6 | 10.8 | 83.4 | N/A | 466.4% |
| China | 4.1 | 0.9 | 3.5 | N/A | -7.6% |
| United States | 0.6 | 2.2 | 15.2 | N/A | 403.3% |
| Others | 8.5 | N/A | N/A | N/A | 0% |
| Total | 26.1 | 28.5 | 115 | 0.3 | -77.4% |
Top Suppliers of Way-Type Unit Head to Panama in 2022:
- Free Zones (1.0 units)
Way-Type Unit Head Exports in Panama
In 2022, the amount of way-type unit heads for working metal exported from Panama was estimated at 4 units, therefore, remained relatively stable against 2021 figures. Over the period under review, exports recorded a deep downturn. The smallest decline of 99.9% was in 2021. Over the period under review, the exports reached the maximum at 5 units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, way-type unit head exports stood at $1.2K in 2022. In general, exports showed a sharp descent. The smallest decline of 99.9% was in 2021. Over the period under review, the exports reached the maximum at $2.4K in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
| Export of Way-Type Unit Head in Panama (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Colombia | 1,565 | N/A | 855 | -26.1% | |
| Venezuela | 640 | N/A | 327 | -28.5% | |
| Peru | N/A | N/A | 2.0 | 0% | |
| Cuba | 3.0 | N/A | 1.0 | -42.3% | |
| Others | 162 | N/A | N/A | 0% | |
| Total | 2,370 | N/A | 1,185 | -29.3% | |
Top Export Markets for Way-Type Unit Head from Panama in 2022:
- Venezuela (1.0 units)
- Colombia (1.0 units)
- Peru (1.0 units)
- Cuba (1.0 units)
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