Panama - Gearboxes and Speed Changers For Machinery And Land or Sea Vehicles excluding Gears and Gearing - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Gearboxes and Speed Changers in Panama - 2023
Contents:
- Price for Gearboxes and Speed Changers in Panama (CIF) - 2023
- Price for Gearboxes and Speed Changers in Panama (FOB) - 2022
- Imports of Gearboxes and Speed Changers in Panama
- Exports of Gearboxes and Speed Changers in Panama
Price for Gearboxes and Speed Changers in Panama (CIF) - 2023
In September 2023, the average gearboxes and speed changers import price amounted to $18,817 per ton, dropping by -2.9% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 148% month-to-month. Over the period under review, average import prices reached the maximum at $38,183 per ton in November 2022; however, from December 2022 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($73,273 per ton), while the price for China ($13,562 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Gearboxes and Speed Changers in Panama (FOB) - 2022
The average gearboxes and speed changers export price stood at $22,814 per ton in 2022, flattening at the previous year. Overall, the export price saw tangible growth. The pace of growth appeared the most rapid in 2013 an increase of 65% against the previous year. As a result, the export price reached the peak level of $23,679 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Guatemala ($23,684 per ton) and El Salvador ($23,682 per ton), while the average price for exports to Costa Rica ($21,584 per ton) and Honduras ($21,785 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 the Dominican Republic (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Gearboxes and Speed Changers in Panama
In 2022, overseas purchases of gearboxes and speed changers were finally on the rise to reach 301 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt shrinkage.
In value terms, gearboxes and speed changers imports skyrocketed to $6.5M in 2022. In general, imports, however, saw a relatively flat trend pattern.
| Import of Gearboxes and Speed Changers in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 617 | 724 | 260 | 1,807 | 43.1% |
| United States | 1,688 | 637 | 1,633 | 1,747 | 1.2% |
| Australia | 686 | 337 | 25.6 | 1,604 | 32.7% |
| Free Zones | 906 | 484 | 252 | 388 | -24.6% |
| Brazil | 933 | 438 | 581 | 247 | -35.8% |
| Italy | 978 | 119 | 170 | 112 | -51.4% |
| China | 157 | 319 | 148 | 52.4 | -30.6% |
| Others | 660 | 681 | 504 | 572 | -4.7% |
| Total | 6,625 | 3,739 | 3,573 | 6,530 | -0.5% |
Top Suppliers of Gearboxes and Speed Changers to Panama in 2022:
- Australia (101.5 tons)
- United States (84.5 tons)
- Germany (39.8 tons)
- Brazil (31.3 tons)
- Free Zones (10.9 tons)
- Italy (10.1 tons)
- China (6.0 tons)
Exports of Gearboxes and Speed Changers in Panama
In 2022, approx. 17 tons of gearboxes and speed changers were exported from Panama; therefore, remained relatively stable against the previous year. Over the period under review, exports showed a sharp shrinkage. The smallest decline of -22.4% was in 2020.
In value terms, gearboxes and speed changers exports totaled $380K in 2022. In general, exports continue to indicate a significant decline. The smallest decline of -13.6% was in 2020.
| Export of Gearboxes and Speed Changers in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 263 | 143 | N/A | 78.2 | -33.3% |
| Guatemala | 52.1 | 188 | N/A | 76.0 | 13.4% |
| Dominican Republic | 33.5 | 181 | N/A | 72.9 | 29.6% |
| Costa Rica | 185 | 24.0 | N/A | 38.4 | -40.8% |
| Honduras | 153 | 40.9 | N/A | 35.2 | -38.7% |
| El Salvador | 43.2 | 74.2 | N/A | 29.9 | -11.5% |
| Colombia | 8.2 | 5.8 | N/A | 10.0 | 6.8% |
| Trinidad and Tobago | 30.3 | 0.9 | N/A | N/A | -97.0% |
| Others | 111 | 102 | N/A | 39.3 | -29.3% |
| Total | 879 | 760 | N/A | 380 | -24.4% |
Top Export Markets for Gearboxes and Speed Changers from Panama in 2022:
- Venezuela (3.5 tons)
- Guatemala (3.2 tons)
- Dominican Republic (3.1 tons)
- Costa Rica (1.8 tons)
- Honduras (1.6 tons)
- El Salvador (1.3 tons)
- Colombia (0.4 tons)
This report provides an in-depth analysis of the market for gearboxes and speed changers 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 28152432 - Gear boxes for stationary equipment, spur and helical gear boxes
- Prodcom 28152433 - Gear boxes ..., bevel and bevel/spur and helical gear boxes
- Prodcom 28152434 - Gear boxes ..., worm gear boxes
- Prodcom 28152440 - Other gear boxes
- Prodcom 28152450 - Gearboxes and other speed changers for machinery and land/sea vehicles excluding gears and gearing
- Prodcom 28152473 - Ball or roller screws
- Prodcom 28152475 - Other transmission elements (excluding gears and gearing, b all or roller screws, gearboxes and other speed changers)
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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