Panama: Lcds And Plasmas Market 2024

Lcds And Plasmas Market Size in Panama

The Panamanian LCDs and plasmas market reached $X in 2022, surging by 13% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Lcds And Plasmas Production in Panama

In value terms, LCDs and plasmas production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by 61%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Lcds And Plasmas Exports

Exports from Panama

LCDs and plasmas exports from Panama soared to X units in 2022, jumping by 17% against the year before. In general, exports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2019 when exports increased by 204% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, LCDs and plasmas exports reduced to $X in 2022. Over the period under review, exports, however, saw a deep reduction. The growth pace was the most rapid in 2019 when exports increased by 192% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X units), Argentina (X units) and Guyana (X units) were the main destinations of LCDs and plasmas exports from Panama, with a combined 50% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +30.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for LCDs and plasmas exported from Panama were Argentina ($X), Venezuela ($X) and Brazil ($X), together accounting for 52% of total exports.

Among the main countries of destination, Argentina, with a CAGR of +33.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average LCDs and plasmas export price amounted to $X per unit, shrinking by -16.8% against the previous year. Overall, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 an increase of 52%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per unit), while the average price for exports to Guyana ($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 Suriname (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Lcds And Plasmas Imports

Imports into Panama

In 2022, the amount of flat panel video monitor, lcd or plasma imported into Panama surged to X units, jumping by 140% compared with 2021. Over the period under review, imports saw resilient growth. The growth pace was the most rapid in 2016 with an increase of 297%. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, LCDs and plasmas imports surged to $X in 2022. Overall, imports posted notable growth. The growth pace was the most rapid in 2016 with an increase of 377% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of LCDs and plasmas to Panama, with a 90% share of total imports. Moreover, LCDs and plasmas imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +36.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.5% per year) and Mexico (+3.2% per year).

In value terms, China ($X) constituted the largest supplier of flat panel video monitor, lcd or plasma to Panama, comprising 66% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +43.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.7% per year) and Mexico (-3.3% per year).

Import Prices by Country

The average LCDs and plasmas import price stood at $X per unit in 2022, waning by -47% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2019 an increase of 51%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 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 the United States ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform