Price for Non-Keyboard Electrical Musical Instruments in Panama - 2024

Contents:

1. Price for Non-Keyboard Electrical Musical Instruments in Panama (CIF) - 2022
2. Price for Non-Keyboard Electrical Musical Instruments in Panama (FOB) - 2022
3. Imports of Non-Keyboard Electrical Musical Instruments in Panama
4. Exports of Non-Keyboard Electrical Musical Instruments in Panama

Price for Non-Keyboard Electrical Musical Instruments in Panama (CIF) - 2022

In 2022, the average non-keyboard electrical musical instruments import price amounted to $427 per unit, rising by 3.2% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-keyboard electrical musical instruments import price increased by +70.4% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 19%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Venezuela ($431 per unit), while the price for Mexico ($163 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Keyboard Electrical Musical Instruments in Panama (FOB) - 2022

In 2022, the average non-keyboard electrical musical instruments export price amounted to $263 per unit, with a decrease of -27.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 50%. The export price peaked at $361 per unit in 2021, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($380 per unit), while the average price for exports to France ($168 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 (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Panama

In 2022, supplies from abroad of non-keyboard electrical musical instrumentses increased by 67% to 1K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. Over the period under review, imports hit record highs at 1.5K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, non-keyboard electrical musical instruments imports surged to $436K in 2022. Overall, imports, however, recorded a slight reduction. Imports peaked at $450K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Non-Keyboard Electrical Musical Instruments to Panama in 2022:

1. Free Zones (533.0 units)
2. China (212.0 units)
3. United States (99.0 units)
4. Venezuela (49.0 units)
5. Indonesia (48.0 units)
6. Spain (43.0 units)
7. Sweden (19.0 units)
8. Japan (2.0 units)
9. Mexico (1.0 units)

Exports of Non-Keyboard Electrical Musical Instruments in Panama

In 2022, approx. 156 units of non-keyboard electrical musical instrumentses were exported from Panama; dropping by -10.9% against the previous year. Overall, exports recorded a precipitous curtailment. The smallest decline of -7.6% was in 2020. Over the period under review, the exports attained the maximum at 446 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-keyboard electrical musical instruments exports contracted significantly to $41K in 2022. Over the period under review, exports faced a precipitous descent. The growth pace was the most rapid in 2020 when exports increased by 13% against the previous year. As a result, the exports reached the peak of $131K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Non-Keyboard Electrical Musical Instruments from Panama in 2022:

1. France (56.0 units)
2. Belize (39.0 units)
3. Chile (31.0 units)
4. Jamaica (19.0 units)
5. Bolivia (4.0 units)
6. Guatemala (3.0 units)

Source: IndexBox Market Intelligence Platform