Panama: Accumulator Market 2025

Accumulator Market Size in Panama

The Panamanian accumulator market reduced slightly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Accumulator consumption peaked at $X in 2021, and then shrank in the following year.

Accumulator Production in Panama

In value terms, accumulator production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Accumulator Exports

Exports from Panama

Accumulator exports from Panama contracted to X units in 2022, shrinking by X% against 2021 figures. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, accumulator exports surged to $X in 2022. Over the period under review, exports recorded a deep setback. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X units), Jamaica (X units) and Mexico (X units) were the main destinations of accumulator exports from Panama, together comprising X% of total exports. The United States, Barbados, Venezuela, El Salvador, Cuba, Ecuador, Peru, Suriname, Brazil and Haiti lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), Mexico ($X) and Jamaica ($X) constituted the largest markets for accumulator exported from Panama worldwide, with a combined X% share of total exports. Venezuela, Peru, El Salvador, Cuba, the United States, Haiti, Ecuador, Barbados, Suriname and Brazil lagged somewhat behind, together comprising a further X%.

Peru, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average accumulator export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, recorded a slight decline. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood 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 Haiti ($X per unit), while the average price for exports to Brazil ($X 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 Ecuador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Accumulator Imports

Imports into Panama

In 2022, the amount of electric accumulators imported into Panama dropped to X units, shrinking by X% against the previous year's figure. Over the period under review, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, accumulator imports contracted slightly to $X in 2022. Overall, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Colombia (X units) were the main suppliers of accumulator imports to Panama, together accounting for X% of total imports. South Korea, Mexico, Free Zones and Greece lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Colombia ($X) and the United States ($X) constituted the largest accumulator suppliers to Panama, together accounting for X% of total imports. South Korea, Mexico, Free Zones and Greece lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Greece, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average accumulator import price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the import price posted a resilient increase. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform