Report Update: May 1, 2024

Panama - Bearing Housings Incorporating Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights

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Price for Bearing Housing with Ball Bearing in Panama - 2023

Price for Bearing Housing with Ball Bearing in Panama (CIF) - 2022

The average import price for bearing housings incorporating ball or roller bearings stood at $14,401 per ton in 2022, increasing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2013 when the average import price increased by 63%. As a result, import price reached the peak level of $16,790 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 the United States ($20,591 per ton), while the price for Brazil ($4,744 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Bearing Housing with Ball Bearing in Panama (FOB) - 2022

In 2022, the average export price for bearing housings incorporating ball or roller bearings amounted to $19,520 per ton, remaining constant against the previous year. Over the period under review, the export price enjoyed measured growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Guatemala ($20,528 per ton) and El Salvador ($20,524 per ton), while the average price for exports to Honduras ($19,003 per ton) and Venezuela ($19,123 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 Venezuela (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housing with Ball Bearing in Panama

In 2022, the amount of bearing housings incorporating ball or roller bearings imported into Panama shrank to 109 tons, reducing by -7.7% against the previous year's figure. In general, imports faced a dramatic shrinkage.

In value terms, bearing housing with ball bearing imports expanded modestly to $1.6M in 2022. Overall, imports faced a significant curtailment.

Import of Bearing Housing with Ball Bearing in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	137	31.4	40.5	457	49.4%
United States	721	389	531	354	-21.1%
Free Zones	652	505	560	341	-19.4%
China	376	294	145	110	-33.6%
Japan	1,143	1,054	14.0	49.9	-64.8%
Brazil	1.4	26.7	53.7	42.6	212.2%
United Arab Emirates	34.4	66.6	8.4	N/A	-50.6%
Others	259	423	184	222	-5.0%
Total	3,325	2,790	1,537	1,576	-22.0%

Top Suppliers of Bearing Housing with Ball Bearing to Panama in 2022:

South Korea (38.8 tons)
Free Zones (21.8 tons)
United States (17.2 tons)
China (11.1 tons)
Brazil (9.0 tons)
Japan (3.7 tons)

Exports of Bearing Housing with Ball Bearing in Panama

Bearing housing with ball bearing exports from Panama was estimated at 55 tons in 2022, standing approx. at 2021. In general, exports continue to indicate a dramatic downturn. The smallest decline of -28.6% was in 2020.

In value terms, bearing housing with ball bearing exports amounted to $1.1M in 2022. Overall, exports showed a sharp decline. The smallest decline of -18.6% was in 2020.

Export of Bearing Housing with Ball Bearing in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	719	558	N/A	277	-27.2%
Ecuador	365	202	N/A	123	-30.4%
Chile	154	162	N/A	77.8	-20.4%
Costa Rica	202	68.1	N/A	63.5	-32.0%
Colombia	153	141	N/A	62.1	-26.0%
Guatemala	109	138	N/A	60.7	-17.7%
El Salvador	46.3	102	N/A	44.8	-1.1%
Honduras	118	71.2	N/A	39.8	-30.4%
Others	782	714	N/A	329	-25.1%
Total	2,650	2,156	N/A	1,078	-25.9%

Top Export Markets for Bearing Housing with Ball Bearing from Panama in 2022:

Peru (14.2 tons)
Ecuador (6.4 tons)
Chile (4.0 tons)
Costa Rica (3.3 tons)
Colombia (3.2 tons)
Guatemala (3.0 tons)
El Salvador (2.2 tons)
Honduras (2.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for bearing housing with ball bearing 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 28152330 - Bearing housings incorporating ball or roller bearings

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