Report Update: May 1, 2024

Panama - Flywheels And Pulleys - Market Analysis, Forecast, Size, Trends And Insights

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Flywheels and Pulleys Price in Panama - 2023

Flywheels and Pulleys Price in Panama (CIF) - 2023

In November 2023, the average flywheels and pulleys import price amounted to $21,837 per ton, growing by 12% against the previous month. In general, import price indicated slight growth from November 2022 to November 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, flywheels and pulleys import price decreased by -10.7% against September 2023 indices. The pace of growth appeared the most rapid in September 2023 an increase of 171% against the previous month. As a result, import price attained the peak level of $24,463 per ton. From October 2023 to November 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($38,643 per ton), while the price for Colombia ($9,278 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 Mexico (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Flywheels and Pulleys Price in Panama (FOB) - 2022

In 2022, the average flywheels and pulleys export price amounted to $18,071 per ton, approximately mirroring the previous year. In general, the export price showed a prominent expansion. The growth pace was the most rapid in 2013 an increase of 86% against the previous year. As a result, the export price attained the peak level of $19,580 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Jamaica ($18,313 per ton) and Honduras ($18,283 per ton), while the average price for exports to the Dominican Republic ($17,561 per ton) and Costa Rica ($17,674 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 Brazil (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels and Pulleys Imports in Panama

In 2022, after two years of decline, there was significant growth in supplies from abroad of flywheels and pulleys, when their volume increased by 281% to 625 tons. Overall, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, flywheels and pulleys imports skyrocketed to $6.6M in 2022. Over the period under review, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Flywheels and Pulleys in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	223	324	398	2,746	130.9%
Australia	1,455	419	0.5	1,473	0.4%
United States	590	365	507	1,308	30.4%
Free Zones	248	179	341	247	-0.1%
China	369	211	90.6	201	-18.3%
South Africa	94.5	43.6	35.4	N/A	-38.8%
Others	1,190	694	989	641	-18.6%
Total	4,170	2,236	2,362	6,615	16.6%

Top Suppliers of Flywheels and Pulleys to Panama in 2022:

Brazil (335.3 tons)
Australia (127.8 tons)
United States (87.1 tons)
Free Zones (25.3 tons)
China (23.2 tons)

Flywheels and Pulleys Exports in Panama

For the third year in a row, Panama recorded decline in overseas shipments of flywheels and pulleys, which decreased by 0% to 11 tons in 2022. Overall, exports recorded a dramatic setback. The smallest decline of -28.7% was in 2020.

In value terms, flywheels and pulleys exports amounted to $205K in 2022. In general, exports saw a dramatic contraction. The smallest decline of -25.8% was in 2020.

Export of Flywheels and Pulleys in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	0.6	72.1	N/A	28.8	263.4%
Colombia	20.6	54.0	N/A	21.6	1.6%
Venezuela	47.3	32.6	N/A	14.6	-32.4%
Dominican Republic	55.2	1.6	N/A	10.0	-43.4%
Honduras	7.2	12.0	N/A	9.9	11.2%
Nicaragua	2.7	23.2	N/A	9.3	51.0%
Uruguay	27.1	19.0	N/A	8.4	-32.3%
Ecuador	15.0	19.2	N/A	7.7	-19.9%
Jamaica	5.1	1.9	N/A	7.1	11.7%
Peru	20.5	15.1	N/A	6.8	-30.8%
Costa Rica	29.8	7.3	N/A	6.6	-39.5%
Guatemala	5.5	11.7	N/A	4.7	-5.1%
Cuba	111	N/A	N/A	N/A	0%
Others	204	140	N/A	69.4	-30.2%
Total	552	409	N/A	205	-28.1%

Top Export Markets for Flywheels and Pulleys from Panama in 2022:

United States (1578.0 kg)
Colombia (1183.0 kg)
Venezuela (813.0 kg)
Dominican Republic (572.0 kg)
Honduras (541.0 kg)
Nicaragua (508.0 kg)
Uruguay (471.0 kg)
Ecuador (421.0 kg)
Jamaica (386.0 kg)
Peru (379.0 kg)
Costa Rica (371.0 kg)
Guatemala (256.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the flywheels and pulleys 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 28152500 - Flywheels and pulleys (including pulley blocks)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023