Panama: Resistor Market 2025

Resistor Market Size in Panama

The Panamanian resistor market contracted to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Resistor Production in Panama

In value terms, resistor production fell slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Resistor Exports

Exports from Panama

In 2022, the amount of electrical resistors (except heating resistors) exported from Panama skyrocketed to X units, with an increase of X% against 2021 figures. In general, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, resistor exports surged to $X in 2022. Over the period under review, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for resistor exports from Panama, with a X% share of total exports. It was followed by Belize (X units), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for electrical resistors (except heating resistors) exports from Panama, comprising X% of total exports. The second position in the ranking was held by Belize ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

In 2022, the average resistor export price amounted to $X per thousand units, dropping by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per thousand units in 2015; however, from 2016 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 the United States ($X per thousand units), while the average price for exports to Belize totaled $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Resistor Imports

Imports into Panama

In 2022, overseas purchases of electrical resistors (except heating resistors) were finally on the rise to reach X units after two years of decline. Overall, imports recorded a noticeable increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, resistor imports rose rapidly to $X in 2022. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of resistor imports to Panama, with a combined X% share of total imports. Mexico and Free Zones lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United States ($X) constituted the largest supplier of electrical resistors (except heating resistors) to Panama, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Mexico, with an X% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Mexico (X% per year).

Import Prices by Country

The average resistor import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2020 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform