Panama: Television Receiver Market 2025

Television Receiver Market Size in Panama

The Panamanian television receiver market shrank notably to $X in 2022, declining by -20% against the previous year. Over the period under review, consumption saw a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Television Receiver Production in Panama

In value terms, television receiver production dropped to $X in 2022 estimated in export price. In general, production saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Television Receiver Exports

Exports from Panama

In 2022, shipments abroad of television receivers was finally on the rise to reach X units after two years of decline. In general, exports, however, continue to indicate a dramatic contraction. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, television receiver exports rose rapidly to $X in 2022. Overall, exports, however, recorded a dramatic shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Venezuela (X units), Honduras (X units) and Ecuador (X units) were the main destinations of television receiver exports from Panama, together accounting for 35% of total exports. Cuba, Colombia, Guatemala, Paraguay, Brazil, Mexico, Jamaica, Guyana, Nicaragua and Curacao lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of +5.5%), while the other leaders experienced a decline.

In value terms, Venezuela ($X) remains the key foreign market for television receivers exports from Panama, comprising 19% of total exports. The second position in the ranking was taken by Ecuador ($X), with an 8.2% share of total exports. It was followed by Cuba, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Venezuela totaled -33.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-30.8% per year) and Cuba (-23.6% per year).

Export Prices by Country

In 2022, the average television receiver export price amounted to $X per unit, falling by -21.2% against the previous year. Overall, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2021 an increase of 37%. The export price peaked at $X per unit in 2014; however, from 2015 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 Cuba ($X per unit), while the average price for exports to Brazil ($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 Cuba (-4.7%), while the prices for the other major destinations experienced a decline.

Television Receiver Imports

Imports into Panama

In 2022, supplies from abroad of television receivers was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 104%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, television receiver imports shrank to $X in 2022. In general, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 66%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Free Zones (X units) and Vietnam (X units) were the main suppliers of television receiver imports to Panama, together accounting for 84% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +94.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Free Zones ($X), China ($X) and Mexico ($X) were the largest television receiver suppliers to Panama, with a combined 92% share of total imports. Vietnam, the United States, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further 6.5%.

Vietnam, with a CAGR of +74.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average television receiver import price stood at $X per unit in 2022, which is down by -17.9% against the previous year. Overall, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 20%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Mexico ($X per unit), while the price for Vietnam ($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 (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform