Report Update: May 1, 2024

Panama - Non-Self-Propelled Fork-Lift Trucks - Market Analysis, Forecast, Size, Trends And Insights

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Non-Self-Propelled Fork-Lift Truck Price in Panama - 2022

Non-Self-Propelled Fork-Lift Truck Price in Panama (CIF) - 2022

In 2022, the average non-self-propelled fork-lift truck import price amounted to $821 per unit, increasing by 4.7% against the previous year. Overall, the import price, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 71% against the previous year. As a result, import price reached the peak level of $1,623 per unit. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,285 per unit), while the price for China ($523 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+38.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Non-Self-Propelled Fork-Lift Truck Price in Panama (FOB) - 2022

The average non-self-propelled fork-lift truck export price stood at $932 per unit in 2022, rising by 15% against the previous year. Over the period under review, the export price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2015 an increase of 195% against the previous year. As a result, the export price attained the peak level of $1,665 per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($823 per unit), while the average price for exports to Colombia ($169 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+93.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Self-Propelled Fork-Lift Truck Imports in Panama

Non-self-propelled fork-lift truck imports into Panama surged to 3.1K units in 2022, with an increase of 134% against 2021. Over the period under review, imports, however, showed a abrupt curtailment. Over the period under review, imports reached the maximum at 4.2K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-self-propelled fork-lift truck imports soared to $2.5M in 2022. Overall, imports, however, faced a dramatic shrinkage. Over the period under review, imports reached the maximum at $6.7M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Non-Self-Propelled Fork-Lift Truck in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Free Zones	178	91.6	189	967	75.8%
China	817	339	397	901	3.3%
United States	574	81.1	58.3	311	-18.5%
France	320	46.3	121	257	-7.0%
Netherlands	882	0.7	8.0	1.3	-88.6%
Others	3,974	180	254	82.2	-72.5%
Total	6,746	739	1,027	2,519	-28.0%

Top Suppliers of Non-Self-Propelled Fork-Lift Truck to Panama in 2022:

China (1722.0 units)
Free Zones (934.0 units)
France (249.0 units)
United States (136.0 units)
Netherlands (1.0 units)

Non-Self-Propelled Fork-Lift Truck Exports in Panama

In 2022, the amount of non-self-propelled fork-lift trucks exported from Panama skyrocketed to 173 units, rising by 40% compared with 2021 figures. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 121% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, non-self-propelled fork-lift truck exports surged to $161K in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 185% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Non-Self-Propelled Fork-Lift Truck in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ecuador	4.2	1.9	5.7	29.9	92.4%
Dominican Republic	3.8	0.8	N/A	17.6	66.7%
Venezuela	1.5	5.0	9.0	12.0	100.0%
Guatemala	0.8	0.4	0.7	8.6	120.7%
Chile	0.8	1.1	2.3	3.7	66.6%
Jamaica	2.4	0.1	1.8	3.0	7.7%
Guyana	1.9	1.7	2.5	2.7	12.4%
Cuba	0.9	1.0	1.8	2.5	40.6%
Brazil	0.4	0.5	1.4	1.9	68.1%
Peru	0.6	0.7	1.4	1.9	46.8%
El Salvador	0.3	N/A	0.6	0.8	38.7%
Colombia	26.6	0.9	0.9	0.2	-80.4%
Others	27.4	21.3	72.7	76.4	40.7%
Total	71.6	35.4	101	161	31.0%

Top Export Markets for Non-Self-Propelled Fork-Lift Truck from Panama in 2022:

Ecuador (54.0 units)
Dominican Republic (49.0 units)
Venezuela (16.0 units)
Guatemala (11.0 units)
Chile (5.0 units)
Jamaica (4.0 units)
Guyana (4.0 units)
Brazil (3.0 units)
Peru (3.0 units)
Cuba (3.0 units)
El Salvador (1.0 units)
Colombia (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the non-self-propelled fork-lift truck 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 28221550 - Fork-lift trucks and other works trucks fitted with lifting or handling equipment (excluding self-propelled trucks)

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