Panama - Handtools, Hydraulic Or With A Self-Contained Non-Electric Motor - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Electric Motor Handtools Price in Panama - 2022
Contents:
- Non-Electric Motor Handtools Price in Panama (CIF) - 2022
- Non-Electric Motor Handtools Price in Panama (FOB) - 2022
- Non-Electric Motor Handtools Imports in Panama
- Non-Electric Motor Handtools Exports in Panama
Non-Electric Motor Handtools Price in Panama (CIF) - 2022
The average non-electric motor handtools import price stood at $102 per unit in 2022, standing approx. at the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electric motor handtools import price increased by +11.6% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 42% against the previous year. The import price peaked at $125 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($262 per unit), while the price for Free Zones ($84 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Electric Motor Handtools Price in Panama (FOB) - 2022
In 2022, the average non-electric motor handtools export price amounted to $263 per unit, approximately equating the previous year. Over the period under review, the export price saw strong growth. The pace of growth was the most pronounced in 2015 an increase of 290%. Over the period under review, the average export prices attained the maximum at $427 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Colombia ($327 per unit) and Trinidad and Tobago ($323 per unit), while the average price for exports to Ecuador ($222 per unit) and Guatemala ($223 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 Colombia (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Electric Motor Handtools Imports in Panama
In 2022, the amount of handtools, hydraulic or with a self-contained non-electric motor imported into Panama contracted dramatically to 43K units, waning by -27.4% on 2021 figures. Over the period under review, imports showed a sharp setback. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. Imports peaked at 87K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, non-electric motor handtools imports dropped remarkably to $4.4M in 2022. Overall, imports faced a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. Over the period under review, imports attained the maximum at $9.5M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Non-Electric Motor Handtools in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,311 | 1,677 | 2,638 | 1,915 | -6.1% |
| Free Zones | 1,671 | 1,062 | 1,142 | 1,032 | -14.8% |
| United States | 2,602 | 428 | 1,033 | 704 | -35.3% |
| Brazil | 317 | 350 | 586 | 377 | 5.9% |
| Germany | 500 | 107 | 238 | 148 | -33.4% |
| Canada | 0.1 | 99.5 | 100 | 11.8 | 390.5% |
| Others | 2,131 | 974 | 470 | 262 | -50.3% |
| Total | 9,533 | 4,697 | 6,207 | 4,450 | -22.4% |
Top Suppliers of Non-Electric Motor Handtools to Panama in 2022:
- China (21.2K units)
- Free Zones (12.4K units)
- United States (5.4K units)
- Brazil (1.4K units)
- Germany (0.7K units)
- Canada (0.2K units)
Non-Electric Motor Handtools Exports in Panama
For the third year in a row, Panama recorded decline in shipments abroad of handtools, hydraulic or with a self-contained non-electric motor, which decreased by 0% to 2.8K units in 2022. In general, exports saw a dramatic setback. The smallest decline of -13.9% was in 2020. Over the period under review, the exports reached the maximum at 6.4K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, non-electric motor handtools exports amounted to $725K in 2022. Over the period under review, exports faced a sharp decrease. The smallest decline of -44.6% was in 2020. The exports peaked at $2.6M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Non-Electric Motor Handtools in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cuba | 657 | 305 | N/A | 152 | -38.6% |
| Colombia | 159 | 15.3 | N/A | 27.8 | -44.1% |
| Trinidad and Tobago | 101 | 7.7 | N/A | 17.8 | -43.9% |
| Venezuela | 64.5 | 21.2 | N/A | 15.5 | -37.8% |
| Nicaragua | 53.4 | 32.3 | N/A | 14.5 | -35.2% |
| United States | 12.7 | 21.3 | N/A | 7.7 | -15.4% |
| Dominican Republic | 22.3 | 2.3 | N/A | 6.9 | -32.4% |
| Guatemala | 0.7 | 12.7 | N/A | 6.2 | 106.9% |
| Guyana | 52.0 | N/A | N/A | N/A | 0% |
| Others | 1,496 | 1,031 | N/A | 477 | -31.7% |
| Total | 2,618 | 1,449 | N/A | 725 | -34.8% |
Top Export Markets for Non-Electric Motor Handtools from Panama in 2022:
- Cuba (543.0 units)
- Colombia (85.0 units)
- Venezuela (58.0 units)
- Trinidad and Tobago (55.0 units)
- Nicaragua (52.0 units)
- United States (34.0 units)
- Guatemala (28.0 units)
- Dominican Republic (27.0 units)
This report provides an in-depth analysis of the non-electric motor handtools 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 28241280 - Handtools, hydraulic or with a self-contained non-electric motor (excluding chainsaws)
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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