Report Update: May 1, 2024

Panama - Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings - Market Analysis, Forecast, Size, Trends And Insights

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Price for Bearing Housing Without Ball Bearing in Panama - 2023

Price for Bearing Housing Without Ball Bearing in Panama (CIF) - 2023

The average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $24,523 per ton in November 2023, declining by -25.8% against the previous month. In general, the import price showed a slight descent. The pace of growth was the most pronounced in May 2023 when the average import price increased by 25% m-o-m. Over the period under review, average import prices attained the maximum at $35,608 per ton in August 2023; however, from September 2023 to November 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($68,453 per ton), while the price for Hong Kong SAR ($5,549 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Brazil (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Bearing Housing Without Ball Bearing in Panama (FOB) - 2022

The average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $26,062 per ton in 2022, approximately equating the previous year. Overall, the export price saw a measured expansion. The most prominent rate of growth was recorded in 2013 an increase of 86%. Over the period under review, the average export prices attained the peak figure at $41,058 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($24,742 per ton), while the average price for exports to Uruguay ($14,777 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housing Without Ball Bearing in Panama

In 2022, approx. 137 tons of bearing housings not incorporating ball or roller bearings, plain shaft bearings were imported into Panama; picking up by 42% on 2021. In general, total imports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +3.5% 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 +59.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing without ball bearing imports skyrocketed to $3.4M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.6% 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 +97.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Bearing Housing Without Ball Bearing in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	996	678	1,214	1,393	11.8%
Germany	188	58.0	160	432	32.0%
Free Zones	210	341	232	383	22.2%
Sweden	10.8	12.1	127	341	216.1%
China	124	59.5	81.7	133	2.4%
Turkey	0.9	0.5	3.3	100	380.7%
South Korea	40.9	101	42.0	82.0	26.1%
Japan	207	60.5	72.3	75.0	-28.7%
Brazil	75.3	36.7	56.0	65.3	-4.6%
France	109	36.7	49.7	62.3	-17.0%
Mexico	73.1	70.6	54.5	56.5	-8.2%
United Arab Emirates	140	36.9	N/A	5.0	-67.1%
Others	226	243	196	302	10.1%
Total	2,401	1,735	2,288	3,430	12.6%

Top Suppliers of Bearing Housing Without Ball Bearing to Panama in 2022:

United States (57.8 tons)
Sweden (15.0 tons)
Free Zones (12.6 tons)
Turkey (12.3 tons)
China (7.4 tons)
South Korea (6.6 tons)
Germany (6.3 tons)
Japan (3.9 tons)
France (3.5 tons)
Brazil (1.9 tons)
Mexico (1.6 tons)
United Arab Emirates (0.2 tons)

Exports of Bearing Housing Without Ball Bearing in Panama

In 2022, exports of bearing housings not incorporating ball or roller bearings, plain shaft bearings from Panama amounted to 6.9 tons, approximately equating the previous year's figure. In general, exports faced a sharp descent. The smallest decline of -17.4% was in 2020.

In value terms, bearing housing without ball bearing exports stood at $180K in 2022. Over the period under review, exports showed a sharp curtailment. The smallest decline of -31.5% was in 2020.

Export of Bearing Housing Without Ball Bearing in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Venezuela	87.6	42.4	N/A	22.8	-36.2%
Honduras	35.1	54.5	N/A	21.3	-15.3%
Chile	29.9	51.8	N/A	21.0	-11.1%
Costa Rica	29.2	27.6	N/A	11.8	-26.1%
El Salvador	52.9	12.4	N/A	11.5	-39.9%
Dominican Republic	41.0	6.5	N/A	8.3	-41.3%
Colombia	16.9	14.7	N/A	7.4	-24.1%
Uruguay	21.4	12.7	N/A	6.0	-34.5%
Peru	15.7	5.8	N/A	5.9	-27.8%
Ecuador	19.9	11.0	N/A	5.4	-35.3%
Suriname	12.6	10.9	N/A	4.4	-29.6%
Argentina	10.9	7.6	N/A	4.2	-27.2%
Guatemala	20.1	2.1	N/A	3.8	-42.6%
Others	132	100	N/A	46.4	-29.4%
Total	525	360	N/A	180	-30.0%

Top Export Markets for Bearing Housing Without Ball Bearing from Panama in 2022:

Venezuela (1137.0 kg)
Honduras (928.0 kg)
Chile (848.0 kg)
Costa Rica (754.0 kg)
El Salvador (507.0 kg)
Uruguay (408.0 kg)
Dominican Republic (367.0 kg)
Colombia (298.0 kg)
Peru (289.0 kg)
Argentina (276.0 kg)
Ecuador (276.0 kg)
Guatemala (224.0 kg)
Suriname (146.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for bearing housing without 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 28152350 - Bearing housings not incorporating ball or roller bearings, p lain shaft 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