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Panama - Machines For Working Wire - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWorking Wire Machine Price in Panama - 2023
Contents:
- Working Wire Machine Price in Panama (CIF) - 2022
- Working Wire Machine Price in Panama (FOB) - 2022
- Working Wire Machine Imports in Panama
- Working Wire Machine Exports in Panama
Working Wire Machine Price in Panama (CIF) - 2022
In 2022, the average working wire machine import price amounted to $98,107 per unit, with an increase of 80% against the previous year. Overall, the import price posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 an increase of 313% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
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 ($160,307 per unit), while the price for Free Zones ($173 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+17.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Working Wire Machine Price in Panama (FOB) - 2022
In 2022, the average working wire machine export price amounted to $1,025 per unit, which is down by -92.5% against the previous year. Overall, the export price saw a drastic downturn. The growth pace was the most rapid in 2020 an increase of 478% against the previous year. As a result, the export price reached the peak level of $15,240 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($2,758 per unit), while the average price for exports to Colombia ($50 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 (+108.4%), while the prices for the other major destinations experienced mixed trend patterns.
Working Wire Machine Imports in Panama
In 2022, supplies from abroad of machines for working wire increased by 25% to 5 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt slump. Imports peaked at 9 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, working wire machine imports skyrocketed to $491K in 2022. Overall, imports saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 142% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.
Import of Working Wire Machine in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 77.5 | 6.4 | 182 | 481 | 83.8% |
Italy | 102 | 67.9 | N/A | 9.4 | -54.8% |
Free Zones | 0.2 | N/A | 0.8 | 0.2 | 0.0% |
Spain | 0.7 | N/A | N/A | N/A | 0% |
South Korea | 7.0 | 2.8 | N/A | N/A | -60.0% |
Colombia | N/A | 0.9 | N/A | N/A | 0% |
China | 35.7 | 3.3 | 34.1 | N/A | -2.3% |
Mexico | N/A | N/A | 1.0 | N/A | 0% |
Taiwan (Chinese) | N/A | 9.1 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 223 | 90.4 | 218 | 491 | 30.1% |
Top Suppliers of Working Wire Machine to Panama in 2022:
- United States (3.0 units)
- Italy (1.0 units)
- Free Zones (1.0 units)
Working Wire Machine Exports in Panama
In 2022, exports of machines for working wire from Panama reduced dramatically to 3 units, waning by -25% on the previous year's figure. Overall, exports showed a precipitous shrinkage. Over the period under review, the exports hit record highs at 7 units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, working wire machine exports shrank rapidly to $3.1K in 2022. In general, exports showed a sharp reduction. The pace of growth was the most pronounced in 2020 with an increase of 478%. As a result, the exports reached the peak of $107K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Working Wire Machine in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Honduras | 1.0 | 94.4 | 49.2 | 2.8 | 40.9% |
Trinidad and Tobago | 0.2 | 9.1 | 4.7 | 0.3 | 14.5% |
Colombia | 1.2 | 1.7 | 0.9 | 0.1 | -56.3% |
Venezuela | 0.4 | N/A | N/A | N/A | 0% |
Aruba | 0.4 | N/A | N/A | N/A | 0% |
Costa Rica | 15.0 | N/A | N/A | N/A | 0% |
Guyana | 0.2 | N/A | N/A | N/A | 0% |
Cuba | N/A | 1.5 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 18.5 | 107 | 54.9 | 3.1 | -44.9% |
Top Export Markets for Working Wire Machine from Panama in 2022:
- Trinidad and Tobago (1.0 units)
- Honduras (1.0 units)
- Colombia (1.0 units)
This report provides an in-depth analysis of the working wire machine 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 28413450 - Machines for working wire (excluding draw-benches, thread rolling machines)
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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