Panama: Ac/Dc Motor Market 2025

Ac/Dc Motor Market Size in Panama

In 2022, the Panamanian AC/DC motor market increased by X% to $X for the first time since 2017, thus ending a four-year declining trend. In general, consumption, however, continues to indicate a noticeable decrease. Consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Ac/Dc Motor Production in Panama

In value terms, AC/DC motor production stood at $X in 2022 estimated in export price. In general, production, however, recorded a deep reduction. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Ac/Dc Motor Exports

Exports from Panama

In 2022, after two years of decline, there was significant growth in shipments abroad of AC/DC motors, when their volume increased by X% to X units. Over the period under review, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2018 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 stood at a somewhat lower figure.

In value terms, AC/DC motor exports reduced notably to $X in 2022. In general, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then declined rapidly in the following year.

Exports by Country

Venezuela (X units), the United States (X units) and Guatemala (X units) were the main destinations of AC/DC motor exports from Panama, with a combined X% share of total exports. El Salvador, Suriname, Costa Rica, Chile, the Dominican Republic, Colombia, Belgium, Cuba, Mexico and Nicaragua lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X), the United States ($X) and Guatemala ($X) constituted the largest markets for AC/DC motor exported from Panama worldwide, together accounting for X% of total exports. Costa Rica, Colombia, Belgium, Chile, the Dominican Republic, Cuba, Suriname, Nicaragua, El Salvador and Mexico lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The average AC/DC motor export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to Mexico ($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 Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ac/Dc Motor Imports

Imports into Panama

In 2022, approx. X units of AC/DC motors were imported into Panama; which is down by X% against the previous year. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. 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, AC/DC motor imports declined to $X in 2022. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Mexico (X units) were the main suppliers of AC/DC motor imports to Panama, with a combined X% share of total imports.

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 largest AC/DC motor suppliers to Panama were China ($X), the United States ($X) and Brazil ($X), together comprising X% of total imports.

Brazil, with a CAGR of X%, 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 AC/DC motor import price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

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 Brazil ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform