Panama: Electricity Supply Meter Market 2025

Electricity Supply Meter Market Size in Panama

The Panamanian electricity supply meter market rose rapidly to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a measured 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 2020 indices. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Electricity Supply Meter Production in Panama

In value terms, electricity supply meter production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Electricity Supply Meter Exports

Exports from Panama

After two years of growth, shipments abroad of electricity supply or production meters decreased by X% to X units in 2022. In general, exports showed a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, electricity supply meter exports expanded remarkably to $X in 2022. Overall, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X units) was the main destination for electricity supply meter exports from Panama, accounting for a X% share of total exports. Moreover, electricity supply meter exports to Ecuador exceeded the volume sent to the second major destination, Italy (X units), threefold. Slovenia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Slovenia (X% per year).

In value terms, Ecuador ($X) remains the key foreign market for electricity supply or production meters exports from Panama, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by the Dominican Republic, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Ecuador amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

In 2022, the average electricity supply meter export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Chile ($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 Venezuela (X%), while the prices for the other major destinations experienced a decline.

Electricity Supply Meter Imports

Imports into Panama

In 2022, supplies from abroad of electricity supply or production meters increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, electricity supply meter imports rose markedly to $X in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest electricity supply meter supplier to Panama, with a X% share of total imports. Moreover, electricity supply meter imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), threefold. The third position in this ranking was held by Free Zones (X units), with an X% share.

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

In value terms, China ($X) constituted the largest supplier of electricity supply or production meters to Panama, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Free Zones, with an X% share.

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

Import Prices by Country

The average electricity supply meter import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per unit) and the United States ($X per unit), while the price for Free Zones ($X per unit) and China ($X per unit) were 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