Panama - Medical, Surgical Or Veterinary Furniture - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMedical Furniture Price in Panama - 2023
Contents:
- Medical Furniture Price in Panama (CIF) - 2023
- Medical Furniture Price in Panama (FOB) - 2022
- Medical Furniture Imports in Panama
- Medical Furniture Exports in Panama
Medical Furniture Price in Panama (CIF) - 2023
In May 2023, the average medical furniture import price amounted to $24.2 per unit, surging by 45% against the previous month. Over the period under review, the import price, however, saw a slight reduction. The most prominent rate of growth was recorded in December 2022 an increase of 59% month-to-month. Over the period under review, average import prices hit record highs at $37.2 per unit in January 2023; however, from February 2023 to May 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($108 per unit), while the price for Brazil ($7.8 per unit) was amongst the lowest.
From September 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Turkey (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Medical Furniture Price in Panama (FOB) - 2022
The average medical furniture export price stood at $11 per unit in 2022, reducing by -45.9% against the previous year. In general, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 52%. The export price peaked at $24 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Free Zones.
From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to +5.6% per year.
Medical Furniture Imports in Panama
In 2022, approx. 511K units of medical, surgical or veterinary furniture were imported into Panama; increasing by 21% against 2021 figures. The total import volume increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, medical furniture imports surged to $10M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
Import of Medical Furniture in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2,699 | 1,770 | 2,195 | 4,223 | 16.1% |
Free Zones | 1,070 | 827 | 1,679 | 1,522 | 12.5% |
Mexico | 1,233 | 93.7 | 678 | 993 | -7.0% |
China | 1,323 | 1,666 | 712 | 597 | -23.3% |
Turkey | 205 | 671 | 1,421 | 532 | 37.4% |
Spain | 333 | 73.1 | 171 | 347 | 1.4% |
Czech Republic | 25.4 | 4.9 | 147 | 252 | 114.9% |
Taiwan (Chinese) | 44.1 | 81.6 | 31.5 | 228 | 72.9% |
Italy | 386 | 69.8 | 602 | 221 | -17.0% |
Others | 892 | 734 | 1,193 | 1,343 | 14.6% |
Total | 8,212 | 5,991 | 8,829 | 10,259 | 7.7% |
Top Suppliers of Medical Furniture to Panama in 2022:
- United States (188.5K units)
- Mexico (72.0K units)
- Free Zones (68.9K units)
- China (58.0K units)
- Turkey (38.5K units)
- Spain (20.9K units)
- Taiwan (Chinese) (15.3K units)
- Czech Republic (10.2K units)
- Italy (9.4K units)
Medical Furniture Exports in Panama
In 2022, approx. 141 units of medical, surgical or veterinary furniture were exported from Panama; reducing by -96.9% on 2021 figures. Over the period under review, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2021 when exports increased by 110% against the previous year. As a result, the exports attained the peak of 4.6K units, and then reduced notably in the following year.
In value terms, medical furniture exports dropped markedly to $1.6K in 2022. Overall, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 163% against the previous year. As a result, the exports reached the peak of $96K, and then contracted remarkably in the following year.
Export of Medical Furniture in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Free Zones | N/A | N/A | N/A | 1.6 | 0% |
Grenada | 0.6 | 1.1 | 2.3 | N/A | 95.8% |
Chile | N/A | N/A | 58.2 | N/A | 0% |
Aruba | N/A | 2.8 | 1.9 | N/A | -32.1% |
Guatemala | 12.6 | 5.8 | 7.5 | N/A | -22.8% |
Costa Rica | 0.8 | 0.1 | 7.9 | N/A | 214.2% |
Guyana | 1.1 | N/A | 3.9 | N/A | 88.3% |
Jamaica | 2.9 | 4.9 | 6.6 | N/A | 50.9% |
Others | 10.0 | 21.6 | 7.4 | N/A | -14.0% |
Total | 28.0 | 36.4 | 95.6 | 1.6 | -61.5% |
Top Export Markets for Medical Furniture from Panama in 2022:
- Free Zones (141.0 units)
This report provides an in-depth analysis of the medical furniture 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 32503050 - Medical, surgical or veterinary furniture, and parts thereof (excluding tables and seats specialised for X-ray purposes)
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
This report provides an in-depth analysis of the medical furniture market in Panama.
This report provides an in-depth analysis of the market for dentist or barber chair in Panama.
This report provides an in-depth analysis of the global medical furniture market.
This report provides an in-depth analysis of the global market for dentist or barber chair.
This report provides an in-depth analysis of the medical furniture market in Panama.
This report provides an in-depth analysis of the market for dentist or barber chair in Panama.
This report provides an in-depth analysis of the global medical furniture market.
This report provides an in-depth analysis of the global market for dentist or barber chair.
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