Panama - Self-Propelled Earth Moving, Excavating Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSelf-Propelled Excavating Machinery Price in Panama - 2023
Contents:
- Self-Propelled Excavating Machinery Price in Panama (CIF) - 2022
- Self-Propelled Excavating Machinery Price in Panama (FOB) - 2022
- Self-Propelled Excavating Machinery Imports in Panama
- Self-Propelled Excavating Machinery Exports in Panama
Self-Propelled Excavating Machinery Price in Panama (CIF) - 2022
The average self-propelled excavating machinery import price stood at $2,288 per unit in 2022, falling by -5.2% against the previous year. Overall, the import price continues to indicate a sharp descent. The growth pace was the most rapid in 2015 when the average import price increased by 175%. Over the period under review, average import prices reached the maximum at $197,152 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 China ($8,707 per unit), while the price for Costa Rica ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (-12.1%), while the prices for the other major suppliers experienced a decline.
Self-Propelled Excavating Machinery Price in Panama (FOB) - 2022
The average self-propelled excavating machinery export price stood at $2,703 per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a moderate expansion. The growth pace was the most rapid in 2015 an increase of 8,009%. As a result, the export price attained the peak level of $19,461 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($6,940 per unit), while the average price for exports to Chile ($287 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 Spain (+434.1%), while the prices for the other major destinations experienced more modest paces of growth.
Self-Propelled Excavating Machinery Imports in Panama
In 2022, self-propelled excavating machinery imports into Panama was estimated at 11 units, almost unchanged from the year before. Over the period under review, imports continue to indicate a deep setback. The smallest decline of -7.1% was in 2020. Over the period under review, imports reached the peak figure at 14 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, self-propelled excavating machinery imports reduced to $25K in 2022. Overall, imports faced a precipitous setback. Over the period under review, imports hit record highs at $735K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Self-Propelled Excavating Machinery in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.3 | 2.4 | 6.6 | 8.7 | 55.8% |
Colombia | 108 | 112 | 5.8 | 4.6 | -65.1% |
Italy | 136 | 129 | 6.0 | 4.4 | -68.1% |
Chile | 224 | 0.2 | 4.5 | 3.0 | -76.3% |
Germany | 3.9 | 6.8 | 0.6 | 1.6 | -25.7% |
United States | 131 | 61.3 | 0.4 | 1.2 | -79.1% |
Spain | 57.6 | 46.3 | 1.9 | 1.1 | -73.3% |
South Korea | 3.4 | 12.5 | 0.5 | 0.4 | -51.0% |
Singapore | 3.7 | 1.0 | 0.1 | 0.1 | -70.0% |
Mexico | 3.0 | 3.0 | 0.2 | 0.1 | -67.8% |
Costa Rica | 0.1 | 0.1 | N/A | N/A | 0.0% |
Others | 62.5 | 7.0 | N/A | N/A | -88.8% |
Total | 735 | 381 | 26.6 | 25.2 | -67.5% |
Top Suppliers of Self-Propelled Excavating Machinery to Panama in 2022:
- Italy (1.0 units)
- Colombia (1.0 units)
- Singapore (1.0 units)
- Mexico (1.0 units)
- Costa Rica (1.0 units)
- United States (1.0 units)
- Germany (1.0 units)
- Chile (1.0 units)
- China (1.0 units)
- South Korea (1.0 units)
- Spain (1.0 units)
Self-Propelled Excavating Machinery Exports in Panama
In 2022, after two years of decline, there was decline in overseas shipments of self-propelled earth moving, excavating machinery, when their volume decreased by 0% to 3 units. Overall, exports faced a dramatic descent. The smallest decline of -57.1% was in 2020. The exports peaked at 7 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, self-propelled excavating machinery exports amounted to $8.1K in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 115%. The exports peaked in 2022 and are likely to see steady growth in years to come.
Export of Self-Propelled Excavating Machinery in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Venezuela | 0.1 | 3.1 | 6.8 | 6.9 | 310.2% |
Colombia | N/A | 0.5 | 1.0 | 0.9 | 34.2% |
Chile | N/A | 0.1 | 0.3 | 0.3 | 73.2% |
Spain | 1.2 | N/A | N/A | N/A | 0% |
United States | 0.5 | N/A | N/A | N/A | 0% |
Nicaragua | N/A | N/A | N/A | N/A | 0% |
Suriname | N/A | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 1.8 | 3.7 | 8.1 | 8.1 | 65.1% |
Top Export Markets for Self-Propelled Excavating Machinery from Panama in 2022:
- Venezuela (1.0 units)
- Colombia (1.0 units)
- Chile (1.0 units)
This report provides an in-depth analysis of the self-propelled excavating machinery market 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 28922750 - Self-propelled earth moving, excavating... machinery, n.e.c.
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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