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Panama - Tyres For Buses Or Lorries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Truck and Bus Tyre in Panama - 2023
Contents:
- Price for Truck and Bus Tyre in Panama (CIF) - 2022
- Price for Truck and Bus Tyre in Panama (FOB) - 2022
- Imports of Truck and Bus Tyre in Panama
- Exports of Truck and Bus Tyre in Panama
Price for Truck and Bus Tyre in Panama (CIF) - 2022
The average truck and bus tyre import price stood at $174 per unit in 2022, rising by 41% against the previous year. In general, the import price, however, continues to indicate a mild reduction. Over the period under review, average import prices attained the peak figure at $205 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($174 per unit) and Costa Rica ($174 per unit), while the price for Japan ($174 per unit) and Free Zones ($174 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (-1.3%), while the prices for the other major suppliers experienced a decline.
Price for Truck and Bus Tyre in Panama (FOB) - 2022
In 2022, the average truck and bus tyre export price amounted to $79 per unit, falling by -19.8% against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 23% against the previous year. The export price peaked at $174 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Peru ($81 per unit) and Colombia ($81 per unit), while the average price for exports to Honduras ($75 per unit) and Cuba ($75 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (-7.2%), while the prices for the other major destinations experienced a decline.
Imports of Truck and Bus Tyre in Panama
In 2022, imports of tyres for buses or lorries into Panama reduced remarkably to 112K units, waning by -34.6% on the previous year's figure. Over the period under review, imports showed a sharp decrease. The smallest decline of -15.8% was in 2021. Imports peaked at 346K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, truck and bus tyre imports shrank to $19M in 2022. Overall, imports recorded a dramatic setback. The smallest decline of -7.9% was in 2021. Over the period under review, imports hit record highs at $46M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Truck and Bus Tyre in Panama (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 36.7 | 18.8 | 14.4 | 14.1 | -27.3% |
Free Zones | 1.3 | 1.1 | 1.8 | 1.3 | 0.0% |
Japan | 0.9 | 0.4 | 0.8 | 1.2 | 10.1% |
Costa Rica | 0.5 | 0.3 | 0.5 | 0.7 | 11.9% |
South Korea | 2.0 | 0.7 | 0.4 | 0.6 | -33.1% |
Thailand | 0.7 | 0.3 | 0.5 | 0.5 | -10.6% |
Brazil | 1.5 | 0.3 | 0.3 | 0.3 | -41.5% |
United States | 1.1 | 0.3 | 1.0 | 0.2 | -43.3% |
Others | 1.0 | 0.7 | 1.4 | 0.7 | -11.2% |
Total | 45.8 | 22.9 | 21.1 | 19.5 | -24.8% |
Top Suppliers of Truck and Bus Tyre to Panama in 2022:
- China (80.8K units)
- Free Zones (7.5K units)
- Japan (7.1K units)
- Costa Rica (3.8K units)
- South Korea (3.5K units)
- Thailand (2.6K units)
- Brazil (1.6K units)
- United States (1.0K units)
Exports of Truck and Bus Tyre in Panama
For the third year in a row, Panama recorded decline in overseas shipments of tyres for buses or lorries, which decreased by -39.5% to 22K units in 2022. In general, exports faced a dramatic downturn. The smallest decline of -32% was in 2020. The exports peaked at 155K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, truck and bus tyre exports dropped significantly to $1.7M in 2022. Over the period under review, exports faced a dramatic shrinkage. The smallest decline of -38.1% was in 2020. Over the period under review, the exports attained the peak figure at $24M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Truck and Bus Tyre in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Costa Rica | 4,248 | 3,466 | 668 | 320 | -57.8% |
Colombia | 3,036 | 1,035 | 530 | 254 | -56.3% |
Venezuela | 5,724 | 1,180 | 441 | 235 | -65.5% |
Nicaragua | 2,420 | 1,794 | 344 | 165 | -59.1% |
Cuba | 1,103 | 1,560 | 242 | 116 | -52.8% |
Honduras | 706 | 1,322 | 205 | 98.0 | -48.2% |
Ecuador | 996 | 584 | 165 | 79.1 | -57.0% |
United States | 1,173 | 520 | 144 | 68.8 | -61.1% |
Guatemala | 567 | 435 | 135 | 64.4 | -51.6% |
El Salvador | 681 | 321 | 94.9 | 45.4 | -59.5% |
Peru | 506 | 104 | 89.4 | 42.8 | -56.1% |
Dominican Republic | 352 | 209 | 51.6 | 24.7 | -58.8% |
Others | 2,835 | 2,530 | 440 | 211 | -57.9% |
Total | 24,344 | 15,061 | 3,550 | 1,723 | -58.6% |
Top Export Markets for Truck and Bus Tyre from Panama in 2022:
- Costa Rica (4.0K units)
- Colombia (3.1K units)
- Venezuela (2.9K units)
- Nicaragua (2.1K units)
- Cuba (1.6K units)
- Honduras (1.3K units)
- Ecuador (1.0K units)
- United States (0.9K units)
- Guatemala (0.8K units)
- El Salvador (0.6K units)
- Peru (0.5K units)
- Dominican Republic (0.3K units)
This report provides an in-depth analysis of the market for truck and bus tyre in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22111355 - New pneumatic rubber tyres for buses or lorries with a load index . .121
- Prodcom 22111357 - New pneumatic rubber tyres for buses or lorries with a load index > .121
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the top import markets for truck and bus tyres globally, including key statistics and insights. Discover the leading countries driving the importation of these essential vehicle components.
China dominates in the global tyres for buses or lorries trade. In 2014, CNTR exported X million units of tyres for buses or lorries totaling X billion USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X.
The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
Explore the top import markets for agricultural, construction, and industrial machinery tyres in 2023. Find out which countries are leading the way in importing high-quality tyres for various sectors.
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