Panama - Balls - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBall Price in Panama - 2023
Contents:
- Ball Price in Panama (CIF) - 2023
- Ball Price in Panama (FOB) - 2022
- Ball Imports in Panama
- Ball Exports in Panama
Ball Price in Panama (CIF) - 2023
The average ball import price stood at $2.3 per unit in November 2023, surging by 44% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 65% against the previous month. Over the period under review, average import prices attained the maximum at $2.5 per unit in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the countries with the highest prices were Hong Kong SAR ($2.4 per unit) and Spain ($2.4 per unit), while the price for Free Zones ($2.3 per unit) and the United States ($2.3 per unit) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Ball Price in Panama (FOB) - 2022
The average ball export price stood at $4.9 per unit in 2022, rising by 22% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ball export price increased by +36.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 94% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($9 per unit), while the average price for exports to Ecuador ($0.9 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 Trinidad and Tobago (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Ball Imports in Panama
In 2022, overseas purchases of balls were finally on the rise to reach 1.3M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a precipitous shrinkage. Over the period under review, imports hit record highs at 3.2M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, ball imports soared to $4.2M in 2022. Overall, imports, however, saw a precipitous decrease. Imports peaked at $8.8M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Ball in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 1,542 | 877 | 2,223 | 2,867 | 23.0% |
| China | 3,120 | 2,419 | 949 | 696 | -39.4% |
| United States | 311 | 171 | 224 | 308 | -0.3% |
| Pakistan | 578 | 308 | 1.2 | 119 | -41.0% |
| Spain | 23.8 | 11.2 | 10.9 | 46.0 | 24.6% |
| Thailand | 2,355 | 576 | 5.1 | 17.2 | -80.6% |
| Ecuador | 1.3 | 1,312 | N/A | 0.2 | -46.4% |
| Indonesia | 339 | 143 | N/A | N/A | -57.8% |
| Others | 547 | 329 | 35.2 | 107 | -42.0% |
| Total | 8,818 | 6,146 | 3,448 | 4,161 | -22.1% |
Top Suppliers of Ball to Panama in 2022:
- Free Zones (870.4K units)
- China (227.6K units)
- United States (106.5K units)
- Pakistan (37.5K units)
- Spain (22.3K units)
- Thailand (14.8K units)
- Ecuador (0.1K units)
Ball Exports in Panama
In 2022, overseas shipments of balls were finally on the rise to reach 181K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt downturn. Over the period under review, the exports attained the peak figure at 221K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, ball exports surged to $892K in 2022. In general, total exports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ball in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 101 | 25.2 | 42.5 | 172 | 19.4% |
| Jamaica | 88.9 | 63.7 | 31.9 | 155 | 20.4% |
| Trinidad and Tobago | 26.9 | 57.0 | 46.7 | 108 | 58.9% |
| Chile | 1.3 | 63.0 | 25.2 | 106 | 333.6% |
| Dominican Republic | 22.5 | 51.0 | 24.5 | 74.1 | 48.8% |
| Belize | 28.9 | 22.4 | 18.8 | 48.7 | 19.0% |
| Peru | 1.8 | N/A | N/A | 47.1 | 196.9% |
| Aruba | 5.9 | 7.1 | 12.1 | 28.2 | 68.4% |
| Barbados | 0.1 | 7.5 | 5.6 | 25.0 | 530.0% |
| Guatemala | 373 | 216 | 167 | 9.4 | -70.7% |
| Bermuda | 18.8 | 11.7 | 12.4 | 5.2 | -34.8% |
| Colombia | 16.4 | N/A | 1.0 | N/A | -75.3% |
| Germany | 57.1 | N/A | N/A | N/A | 0% |
| Others | 53.7 | 65.4 | 71.7 | 114 | 28.5% |
| Total | 797 | 590 | 459 | 892 | 3.8% |
Top Export Markets for Ball from Panama in 2022:
- Costa Rica (39.2K units)
- Jamaica (28.2K units)
- Dominican Republic (21.7K units)
- Peru (15.2K units)
- Chile (13.3K units)
- Trinidad and Tobago (11.9K units)
- Aruba (8.5K units)
- Belize (8.0K units)
- Barbados (5.6K units)
- Guatemala (2.3K units)
- Bermuda (0.4K units)
- Colombia (0.1K units)
This report provides an in-depth analysis of the ball 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 32301580 - Balls (excluding golf balls, table-tennis balls, medicine balls and punch balls)
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
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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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