Price for Reciprocating or Rotary Internal Combustion Piston Engines in Panama - 2024
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Panama (CIF) - 2024
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Panama (FOB) - 2022
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Panama
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Panama
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Panama (CIF) - 2024
In January 2024, the average import price for reciprocating or rotary internal combustion piston engineses amounted to $5,139 per unit, growing by 64% against the previous month. Overall, import price indicated a resilient expansion from February 2023 to January 2024: its price increased at an average monthly rate of +7.0% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for reciprocating or rotary internal combustion piston engineses increased by +93.9% against November 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Thailand ($4,049 per unit), while the price for the United States ($987 per unit) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Panama (FOB) - 2022
In 2022, the average export price for reciprocating or rotary internal combustion piston engineses amounted to $3,353 per unit, rising by 631% against the previous year. Overall, the export price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 997% against the previous year. As a result, the export price reached the peak level of $46,967 per unit. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($26,039 per unit), while the average price for exports to the Netherlands ($206 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 Cuba (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Panama
For the third year in a row, Panama recorded decline in purchases abroad of reciprocating or rotary internal combustion piston engineses, which decreased by -9.7% to 4K units in 2022. In general, imports continue to indicate a deep downturn. Imports peaked at 6.8K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of reciprocating or rotary internal combustion piston engineses fell to $11M in 2022. Over the period under review, imports recorded a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 8.5%. Imports peaked at $15M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 7.2 | 5.6 | 5.8 | 7.6 | 1.8% |
| United States | 2.0 | 0.7 | 1.3 | 1.1 | -18.1% |
| Free Zones | 1.9 | 2.5 | 3.0 | 0.8 | -25.0% |
| Canada | 0.9 | N/A | 0.7 | 0.6 | -12.6% |
| Germany | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Thailand | 0.8 | 0.2 | N/A | 0.4 | -20.6% |
| Brazil | N/A | N/A | N/A | 0.1 | 0% |
| China | 0.5 | 0.6 | 0.3 | 0.1 | -41.5% |
| South Korea | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Others | 1.2 | 1.2 | 0.3 | 0.2 | -45.0% |
| Total | 14.6 | 10.8 | 11.7 | 11.3 | -8.2% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Panama in 2022:
- Japan (1785.0 units)
- Germany (817.0 units)
- Free Zones (479.0 units)
- United States (342.0 units)
- China (131.0 units)
- Brazil (130.0 units)
- Thailand (93.0 units)
- Canada (67.0 units)
- South Korea (53.0 units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Panama
After two years of decline, overseas shipments of reciprocating or rotary internal combustion piston engineses increased by 57% to 332 units in 2022. Over the period under review, exports, however, continue to indicate a deep downturn. The exports peaked at 614 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of reciprocating or rotary internal combustion piston engineses expanded notably to $371K in 2022. In general, exports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 33%. As a result, the exports attained the peak of $532K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.1 | N/A | N/A | 94.6 | 255.8% |
| Jamaica | 141 | 157 | 108 | 80.1 | -17.2% |
| Ecuador | 107 | 17.0 | N/A | 52.1 | -21.3% |
| Netherlands | 0.2 | 18.1 | 0.2 | 46.7 | 515.8% |
| Costa Rica | 15.8 | 278 | 230 | 35.6 | 31.1% |
| Guatemala | N/A | 16.0 | 4.3 | 1.8 | -66.5% |
| Chile | N/A | 14.6 | 0.2 | N/A | -98.6% |
| Indonesia | 97.0 | N/A | N/A | N/A | 0% |
| Others | 35.0 | 31.1 | 10.6 | 60.1 | 19.7% |
| Total | 398 | 532 | 353 | 371 | -2.3% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Panama in 2022:
- Netherlands (227.0 units)
- Jamaica (68.0 units)
- Italy (15.0 units)
- Costa Rica (4.0 units)
- Guatemala (4.0 units)
- Ecuador (2.0 units)
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