Panama - Special-Purpose Electric Lamps and Lighting Fittings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Special-Purpose Electric Lamp and Lighting Fitting in Panama - 2022
Contents:
- Price for Special-Purpose Electric Lamp and Lighting Fitting in Panama (CIF) - 2022
- Price for Special-Purpose Electric Lamp and Lighting Fitting in Panama (FOB) - 2022
- Imports of Special-Purpose Electric Lamp and Lighting Fitting in Panama
- Exports of Special-Purpose Electric Lamp and Lighting Fitting in Panama
Price for Special-Purpose Electric Lamp and Lighting Fitting in Panama (CIF) - 2022
The average import price for special-purpose electric lamps and lighting fittings stood at $4.9 per unit in December 2021, growing by 20% against the previous month. Overall, the import price, however, saw a slight slump. The most prominent rate of growth was recorded in June 2021 when the average import price increased by 80% m-o-m. Over the period under review, average import prices reached the peak figure at $6.9 per unit in October 2021; however, from November 2021 to December 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Spain ($19.1 per unit), while the price for China ($3.5 per unit) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Free Zones (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Special-Purpose Electric Lamp and Lighting Fitting in Panama (FOB) - 2022
The average export price for special-purpose electric lamps and lighting fittings stood at $36 per unit in 2022, remaining constant against the previous year. Over the period under review, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 270% against the previous year. The export price peaked at $43 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Ecuador ($38 per unit) and Honduras ($38 per unit), while the average price for exports to Guyana ($34 per unit) and Nicaragua ($34 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Special-Purpose Electric Lamp and Lighting Fitting in Panama
In 2022, approx. 740K units of special-purpose electric lamps and lighting fittings were imported into Panama; shrinking by -4.2% compared with the previous year. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 9.1% against the previous year. Over the period under review, imports of hit record highs at 990K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of special-purpose electric lamps and lighting fittings declined to $9.5M in 2022. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Over the period under review, imports of hit record highs at $14M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Special-Purpose Electric Lamp and Lighting Fitting in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,825 | 2,782 | 2,258 | 2,198 | -16.9% |
| Mexico | 525 | 278 | 1,916 | 1,455 | 40.5% |
| United States | 2,432 | 1,332 | 1,636 | 1,339 | -18.0% |
| Colombia | 1,109 | 1,248 | 1,360 | 1,033 | -2.3% |
| Taiwan (Chinese) | 13.6 | 32.6 | 1,129 | 857 | 297.9% |
| Free Zones | 1,690 | 691 | 1,055 | 852 | -20.4% |
| Spain | 1,315 | 450 | 410 | 539 | -25.7% |
| Belgium | 269 | 882 | 82.9 | 305 | 4.3% |
| Hong Kong SAR | 696 | 247 | 44.4 | 244 | -29.5% |
| Italy | 308 | 188 | 168 | 164 | -18.9% |
| South Africa | 611 | 6.3 | 18.7 | 157 | -36.4% |
| Others | 1,429 | 625 | 245 | 396 | -34.8% |
| Total | 14,222 | 8,762 | 10,321 | 9,541 | -12.5% |
Top Suppliers of Special-Purpose Electric Lamp and Lighting Fitting to Panama in 2022:
- China (229.6K units)
- Colombia (117.9K units)
- United States (100.5K units)
- Mexico (79.9K units)
- Free Zones (67.1K units)
- Taiwan (Chinese) (34.1K units)
- Spain (25.5K units)
- Hong Kong SAR (20.2K units)
- Belgium (20.2K units)
- Italy (10.9K units)
- South Africa (6.3K units)
Exports of Special-Purpose Electric Lamp and Lighting Fitting in Panama
For the third consecutive year, Panama recorded decline in overseas shipments of special-purpose electric lamps and lighting fittings, which decreased by 0% to 45K units in 2022. In general, exports saw a dramatic slump. The smallest decline of -32% was in 2020. The exports peaked at 133K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of special-purpose electric lamps and lighting fittings amounted to $1.6M in 2022. Overall, exports continue to indicate a sharp decrease. The smallest decline of -36.4% was in 2020. The exports peaked at $5.1M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Special-Purpose Electric Lamp and Lighting Fitting in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 291 | 1,028 | N/A | 365 | 7.8% |
| Dominican Republic | 883 | 87.9 | N/A | 157 | -43.8% |
| Costa Rica | 598 | 352 | N/A | 155 | -36.2% |
| United States | 248 | 255 | N/A | 113 | -23.0% |
| Venezuela | 427 | 171 | N/A | 98.9 | -38.6% |
| El Salvador | 331 | 171 | N/A | 83.9 | -36.7% |
| Jamaica | 208 | 165 | N/A | 62.1 | -33.2% |
| Honduras | 191 | 75.1 | N/A | 56.2 | -33.5% |
| Nicaragua | 79.5 | 104 | N/A | 36.9 | -22.6% |
| Guyana | 26.3 | 92.7 | N/A | 32.9 | 7.7% |
| Aruba | 68.0 | 92.6 | N/A | 32.9 | -21.5% |
| Trinidad and Tobago | 108 | 62.6 | N/A | 28.2 | -36.1% |
| Ecuador | 89.2 | 35.1 | N/A | 27.9 | -32.1% |
| Others | 1,528 | 538 | N/A | 365 | -38.0% |
| Total | 5,075 | 3,230 | N/A | 1,615 | -31.7% |
Top Export Markets for Special-Purpose Electric Lamp and Lighting Fitting from Panama in 2022:
- Colombia (10.7K units)
- Costa Rica (4.3K units)
- Dominican Republic (4.3K units)
- United States (3.0K units)
- Venezuela (2.7K units)
- El Salvador (2.3K units)
- Jamaica (1.8K units)
- Honduras (1.5K units)
- Nicaragua (1.1K units)
- Guyana (1.0K units)
- Aruba (1.0K units)
- Trinidad and Tobago (0.8K units)
- Ecuador (0.7K units)
This report provides an in-depth analysis of the market for special-purpose electric lamp and lighting fitting 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 27403930 - Electric lamps and lighting fittings, of plastic and other materials, of a kind used for filament lamps and tubular fluorescent lamps
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- 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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