Panama - Machinery For Packing Or Wrapping - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMachinery for Packing Price in Panama - 2023
Contents:
- Machinery for Packing Price in Panama (CIF) - 2023
- Machinery for Packing Price in Panama (FOB) - 2022
- Machinery for Packing Imports in Panama
- Machinery for Packing Exports in Panama
Machinery for Packing Price in Panama (CIF) - 2023
The average machinery for packing import price stood at $1,341 per unit in July 2023, picking up by 120% against the previous month. In general, the import price recorded a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Spain ($3,405 per unit), while the price for China ($129 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Mexico (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Machinery for Packing Price in Panama (FOB) - 2022
The average machinery for packing export price stood at $1,101 per unit in 2022, standing approx. at the previous year. Over the period under review, the export price saw prominent growth. The growth pace was the most rapid in 2016 when the average export price increased by 106%. The export price peaked at $1,121 per unit in 2018; afterwards, it flattened through to 2022.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Dominican Republic ($1,173 per unit) and Costa Rica ($1,165 per unit), while the average price for exports to Venezuela ($1,004 per unit) and the United States ($1,051 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.
Machinery for Packing Imports in Panama
In 2022, imports of machinery for packing or wrapping into Panama soared to 11K units, picking up by 16% on 2021. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, machinery for packing imports expanded modestly to $6.8M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 74%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
Import of Machinery for Packing in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 736 | 438 | 113 | 1,616 | 30.0% |
Italy | 556 | 452 | 3,687 | 1,375 | 35.2% |
China | 719 | 709 | 428 | 1,039 | 13.1% |
Germany | 240 | 697 | 385 | 680 | 41.5% |
Brazil | 732 | 950 | 706 | 605 | -6.2% |
Argentina | 392 | 10.5 | 39.3 | 427 | 2.9% |
United States | 494 | 120 | 615 | 221 | -23.5% |
Free Zones | 111 | 63.2 | 279 | 161 | 13.2% |
Others | 481 | 377 | 371 | 662 | 11.2% |
Total | 4,461 | 3,816 | 6,622 | 6,787 | 15.0% |
Top Suppliers of Machinery for Packing to Panama in 2022:
- Spain (3.5K units)
- China (2.4K units)
- Italy (1.4K units)
- Brazil (0.8K units)
- United States (0.6K units)
- Argentina (0.6K units)
- Free Zones (0.6K units)
- Germany (0.4K units)
Machinery for Packing Exports in Panama
In 2022, approx. 136 units of machinery for packing or wrapping were exported from Panama; approximately equating 2021. Overall, exports saw a sharp decline. The smallest decline of -76.3% was in 2020. The exports peaked at 1.2K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, machinery for packing exports stood at $150K in 2022. Over the period under review, exports faced a precipitous decrease. The smallest decline of -76.1% was in 2020. The exports peaked at $1.3M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Machinery for Packing in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cuba | 508 | 10.8 | N/A | 40.7 | -56.9% |
Trinidad and Tobago | 466 | 8.2 | N/A | 36.4 | -57.3% |
Honduras | 5.1 | 59.6 | N/A | 11.2 | 30.0% |
Colombia | 33.3 | 12.2 | N/A | 10.7 | -31.5% |
Costa Rica | 2.9 | 9.3 | N/A | 8.2 | 41.4% |
Dominican Republic | 12.4 | 23.1 | N/A | 5.9 | -21.9% |
Nicaragua | 2.0 | 32.3 | N/A | 5.7 | 41.8% |
United States | 15.5 | 9.6 | N/A | 5.3 | -30.1% |
Venezuela | 18.0 | 25.4 | N/A | 5.0 | -34.8% |
Aruba | 25.3 | 1.9 | N/A | 2.3 | -55.0% |
Haiti | 0.3 | 12.7 | N/A | 2.3 | 97.2% |
Guyana | 27.9 | 11.2 | N/A | N/A | -59.9% |
Others | 139 | 83.2 | N/A | 16.1 | -51.3% |
Total | 1,256 | 300 | N/A | 150 | -50.8% |
Top Export Markets for Machinery for Packing from Panama in 2022:
- Cuba (37.0 units)
- Trinidad and Tobago (33.0 units)
- Honduras (10.0 units)
- Colombia (10.0 units)
- Costa Rica (7.0 units)
- Nicaragua (5.0 units)
- United States (5.0 units)
- Venezuela (5.0 units)
- Dominican Republic (5.0 units)
- Aruba (2.0 units)
- Haiti (2.0 units)
This report provides an in-depth analysis of the machinery for packing 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 28292180 - Machinery for packing or wrapping (excluding for filling, c losing, sealing, capsuling or labelling bottles, cans, boxes, b ags or other containers)
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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