Panama - Brakes And Servo-Brakes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBrakes and Servo-Brakes Price in Panama - 2023
Contents:
- Brakes and Servo-Brakes Price in Panama (CIF) - 2023
- Brakes and Servo-Brakes Price in Panama (FOB) - 2022
- Brakes and Servo-Brakes Imports in Panama
- Brakes and Servo-Brakes Exports in Panama
Brakes and Servo-Brakes Price in Panama (CIF) - 2023
The average brakes and servo-brakes import price stood at $7,367 per ton in November 2023, growing by 19% against the previous month. Overall, the import price, however, recorded a slight slump. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 50% against the previous month. The import price peaked at $8,801 per ton in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($18,667 per ton), while the price for Singapore ($2,066 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Brakes and Servo-Brakes Price in Panama (FOB) - 2022
The average brakes and servo-brakes export price stood at $7,847 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price recorded a slight curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 6.7% against the previous year. Over the period under review, the average export prices reached the maximum at $8,964 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($8,012 per ton) and Costa Rica ($8,012 per ton), while the average price for exports to Chile ($7,722 per ton) and Colombia ($7,732 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Brakes and Servo-Brakes Imports in Panama
In 2022, after two years of decline, there was significant growth in supplies from abroad of brakes and servo-brakes, when their volume increased by 28% to 1.6K tons. Over the period under review, imports, however, saw a abrupt setback.
In value terms, brakes and servo-brakes imports surged to $10M in 2022. Overall, imports, however, saw a abrupt contraction.
| Import of Brakes and Servo-Brakes in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.5 | 3.1 | 1.4 | 2.8 | -14.6% |
| United States | 2.8 | 1.2 | 2.2 | 2.6 | -2.4% |
| Free Zones | 1.0 | 0.8 | 1.1 | 1.2 | 6.3% |
| South Korea | 3.7 | 1.7 | 0.7 | 0.8 | -40.0% |
| Mexico | 0.6 | 0.5 | 0.4 | 0.7 | 5.3% |
| Japan | 2.7 | 2.2 | 0.4 | 0.5 | -43.0% |
| Brazil | 0.4 | 1.3 | 0.3 | 0.2 | -20.6% |
| Taiwan (Chinese) | 0.7 | 0.4 | 0.1 | 0.2 | -34.1% |
| Singapore | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 3.0 | 3.2 | 1.4 | 1.0 | -30.7% |
| Total | 19.5 | 14.4 | 8.1 | 10.1 | -19.7% |
Top Suppliers of Brakes and Servo-Brakes to Panama in 2022:
- China (789.3 tons)
- United States (213.5 tons)
- Free Zones (201.8 tons)
- South Korea (113.0 tons)
- Mexico (95.8 tons)
- Singapore (51.9 tons)
- Japan (30.5 tons)
- Taiwan (Chinese) (11.1 tons)
- Brazil (8.2 tons)
Brakes and Servo-Brakes Exports in Panama
In 2022, approx. 912 tons of brakes and servo-brakes were exported from Panama; flattening at the previous year. Overall, exports faced a sharp decline. The smallest decline of -38.1% was in 2020.
In value terms, brakes and servo-brakes exports totaled $7.2M in 2022. In general, exports showed a precipitous setback. The smallest decline of -34.5% was in 2020.
| Export of Brakes and Servo-Brakes in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 7,190 | 3,148 | N/A | 1,752 | -37.5% |
| United States | 1,119 | 2,014 | N/A | 710 | -14.1% |
| Ecuador | 2,156 | 654 | N/A | 614 | -34.2% |
| Guatemala | 1,451 | 1,476 | N/A | 518 | -29.1% |
| Costa Rica | 812 | 1,397 | N/A | 493 | -15.3% |
| Peru | 1,459 | 176 | N/A | 449 | -32.5% |
| Colombia | 2,054 | 158 | N/A | 443 | -40.0% |
| Honduras | 857 | 1,033 | N/A | 365 | -24.8% |
| El Salvador | 692 | 757 | N/A | 267 | -27.2% |
| Venezuela | 681 | 738 | N/A | 260 | -27.5% |
| Nicaragua | 535 | 537 | N/A | 189 | -29.3% |
| Dominican Republic | 256 | 405 | N/A | 143 | -17.6% |
| Paraguay | 174 | 206 | N/A | 114 | -13.1% |
| Others | 2,406 | 1,607 | N/A | 835 | -29.7% |
| Total | 21,841 | 14,306 | N/A | 7,153 | -31.1% |
Top Export Markets for Brakes and Servo-Brakes from Panama in 2022:
- Chile (226.9 tons)
- United States (88.7 tons)
- Ecuador (78.9 tons)
- Guatemala (66.1 tons)
- Costa Rica (61.5 tons)
- Peru (57.7 tons)
- Colombia (57.3 tons)
- Honduras (45.5 tons)
- El Salvador (33.3 tons)
- Venezuela (32.5 tons)
- Nicaragua (24.2 tons)
- Dominican Republic (17.9 tons)
- Paraguay (14.5 tons)
This report provides an in-depth analysis of the brakes and servo-brakes 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 29323020 - Brakes and servo-brakes and their parts (excluding unmounted linings or pads)
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
-
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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