Panama - Cranks And Crankshafts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCranks and Crankshafts Price in Panama - 2023
Contents:
- Cranks and Crankshafts Price in Panama (CIF) - 2023
- Cranks and Crankshafts Price in Panama (FOB) - 2022
- Cranks and Crankshafts Imports in Panama
- Cranks and Crankshafts Exports in Panama
Cranks and Crankshafts Price in Panama (CIF) - 2023
The average cranks and crankshafts import price stood at $16,726 per ton in November 2023, reducing by -53.9% against the previous month. In general, the import price recorded a slight setback. The pace of growth was the most pronounced in December 2022 an increase of 66% m-o-m. The import price peaked at $59,807 per ton in February 2023; however, from March 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($53,524 per ton), while the price for China ($11,228 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 Free Zones (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Cranks and Crankshafts Price in Panama (FOB) - 2022
The average cranks and crankshafts export price stood at $16,879 per ton in 2022, remaining stable against the previous year. In general, the export price saw tangible growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 42%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Nicaragua ($18,698 per ton) and El Salvador ($18,676 per ton), while the average price for exports to Aruba ($15,981 per ton) and the United States ($16,321 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 Aruba (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Cranks and Crankshafts Imports in Panama
For the third consecutive year, Panama recorded decline in supplies from abroad of cranks and crankshafts, which decreased by -60.9% to 42 tons in 2022. Overall, imports recorded a precipitous decrease. The smallest decline of -3.4% was in 2021.
In value terms, cranks and crankshafts imports declined dramatically to $1M in 2022. Over the period under review, imports recorded a sharp slump. The smallest decline of -27.5% was in 2021.
Import of Cranks and Crankshafts in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 395 | 483 | 484 | 375 | -1.7% |
Free Zones | 590 | 636 | 627 | 222 | -27.8% |
Germany | 1,586 | 390 | 69.8 | 99.1 | -60.3% |
South Korea | 305 | 139 | 85.2 | 56.1 | -43.1% |
Brazil | 34.7 | 21.7 | 33.5 | 53.6 | 15.6% |
Mexico | 16.4 | 33.3 | 29.6 | 50.2 | 45.2% |
China | 182 | 193 | 31.1 | 26.7 | -47.3% |
Ecuador | 15.5 | N/A | N/A | 9.5 | -15.1% |
Spain | 18.2 | 5.0 | 237 | 3.0 | -45.2% |
Australia | 1,209 | 667 | N/A | N/A | -44.8% |
Others | 214 | 370 | 533 | 143 | -12.6% |
Total | 4,566 | 2,938 | 2,130 | 1,039 | -38.9% |
Top Suppliers of Cranks and Crankshafts to Panama in 2022:
- United States (14.9 tons)
- Free Zones (11.1 tons)
- South Korea (2.8 tons)
- Brazil (2.1 tons)
- Mexico (1.9 tons)
- Germany (1.7 tons)
- China (1.5 tons)
- Ecuador (1.0 tons)
- Spain (0.4 tons)
Cranks and Crankshafts Exports in Panama
Cranks and crankshafts exports from Panama totaled 11 tons in 2022, approximately reflecting the year before. Overall, exports saw a sharp decrease. The smallest decline of -40% was in 2020.
In value terms, cranks and crankshafts exports totaled $178K in 2022. Over the period under review, exports showed a sharp reduction. The smallest decline of -29.8% was in 2020.
Export of Cranks and Crankshafts in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Venezuela | 51.2 | 60.1 | N/A | 22.9 | -23.5% |
United States | 2.0 | 5.4 | N/A | 18.8 | 111.0% |
Aruba | 113 | 1.0 | N/A | 15.3 | -48.7% |
Honduras | 50.2 | 34.7 | N/A | 14.6 | -33.7% |
El Salvador | 15.6 | 46.0 | N/A | 14.3 | -2.9% |
Colombia | 54.4 | 35.1 | N/A | 12.9 | -38.1% |
Guatemala | 54.6 | 26.1 | N/A | 11.6 | -40.3% |
Ecuador | 31.2 | 26.4 | N/A | 8.5 | -35.2% |
Dominican Republic | 16.7 | 13.9 | N/A | 5.5 | -30.9% |
Nicaragua | 7.5 | 16.6 | N/A | 5.1 | -12.1% |
Trinidad and Tobago | 12.2 | 11.7 | N/A | 3.6 | -33.4% |
Costa Rica | 13.3 | 6.0 | N/A | 3.1 | -38.5% |
Others | 85.6 | 73.5 | N/A | 42.2 | -21.0% |
Total | 508 | 356 | N/A | 178 | -29.5% |
Top Export Markets for Cranks and Crankshafts from Panama in 2022:
- Venezuela (1369.0 kg)
- United States (1151.0 kg)
- Aruba (957.0 kg)
- Honduras (874.0 kg)
- El Salvador (763.0 kg)
- Colombia (763.0 kg)
- Guatemala (693.0 kg)
- Ecuador (481.0 kg)
- Dominican Republic (327.0 kg)
- Nicaragua (275.0 kg)
- Trinidad and Tobago (203.0 kg)
- Costa Rica (185.0 kg)
This report provides an in-depth analysis of the cranks and crankshafts 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 28152230 - Cranks and crankshafts
- Prodcom 28152250 - Cardan shafts
- Prodcom 28152270 - Other shafts
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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