Report Update: May 1, 2024

Panama - Non-Motorised Hand-Operated Mechanical Floor Sweepers - Market Analysis, Forecast, Size, Trends And Insights

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Price for Mechanical Hand Floor Sweeper in Panama - 2023

Price for Mechanical Hand Floor Sweeper in Panama (CIF) - 2022

The average mechanical hand floor sweeper import price stood at $2.4 per unit in 2022, growing by 12% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mechanical hand floor sweeper import price increased by +119.9% against 2012 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 14%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Free Zones ($3.6 per unit), while the price for the United States ($1.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Mechanical Hand Floor Sweeper in Panama (FOB) - 2022

The average mechanical hand floor sweeper export price stood at $6.1 per unit in 2022, remaining relatively unchanged against the previous year. In general, the export price recorded a buoyant increase. The growth pace was the most rapid in 2018 when the average export price increased by 44%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($4.7 per unit), while the average price for exports to Brazil ($1 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 Costa Rica (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Hand Floor Sweeper in Panama

Mechanical hand floor sweeper imports into Panama reduced dramatically to 1.8M units in 2022, dropping by -29.9% compared with the previous year's figure. Over the period under review, imports showed a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 3.9% against the previous year. Over the period under review, imports reached the peak figure at 3M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, mechanical hand floor sweeper imports declined markedly to $4.1M in 2022. Overall, imports saw a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year. Imports peaked at $5.6M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Mechanical Hand Floor Sweeper in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,920	1,782	1,731	1,652	-4.9%
El Salvador	747	841	926	608	-6.6%
Free Zones	351	419	502	503	12.7%
United States	851	468	719	493	-16.6%
Guatemala	178	276	274	200	4.0%
Colombia	272	219	307	186	-11.9%
Mexico	285	167	208	163	-17.0%
Israel	284	6.2	96.2	N/A	-41.8%
Others	749	547	498	334	-23.6%
Total	5,637	4,726	5,260	4,140	-9.8%

Top Suppliers of Mechanical Hand Floor Sweeper to Panama in 2022:

China (634.7K units)
El Salvador (280.0K units)
United States (264.2K units)
Free Zones (139.6K units)
Guatemala (92.0K units)
Colombia (87.1K units)
Mexico (86.1K units)

Exports of Mechanical Hand Floor Sweeper in Panama

In 2022, exports of non-motorised hand-operated mechanical floor sweepers from Panama was estimated at 250K units, leveling off at 2021. Over the period under review, exports faced a sharp downturn. The smallest decline of -13.8% was in 2020. Over the period under review, the exports hit record highs at 612K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, mechanical hand floor sweeper exports totaled $1.5M in 2022. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 21% against the previous year. As a result, the exports attained the peak of $3M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Mechanical Hand Floor Sweeper in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
British Indian Ocean Territory	44.5	378	N/A	321	93.2%
Cuba	455	10.1	N/A	176	-27.1%
Venezuela	110	138	N/A	117	2.1%
United States	85.9	83.7	N/A	71.2	-6.1%
Haiti	28.9	53.4	N/A	45.4	16.2%
Barbados	49.3	133	N/A	29.5	-15.7%
Grenada	30.5	30.6	N/A	23.8	-7.9%
Guyana	41.1	128	N/A	23.5	-17.0%
France	1.7	4.3	N/A	18.7	122.4%
Trinidad and Tobago	259	375	N/A	17.0	-59.7%
Costa Rica	55.7	71.9	N/A	15.7	-34.4%
El Salvador	20.2	33.7	N/A	15.1	-9.2%
Brazil	23.1	13.4	N/A	8.9	-27.2%
Others	1,315	1,593	N/A	640	-21.3%
Total	2,520	3,047	N/A	1,524	-15.4%

Top Export Markets for Mechanical Hand Floor Sweeper from Panama in 2022:

British Indian Ocean Territory (68.4K units)
Cuba (37.5K units)
Venezuela (25.0K units)
United States (15.2K units)
Guyana (12.2K units)
Haiti (9.7K units)
Brazil (8.7K units)
Trinidad and Tobago (7.1K units)
Barbados (6.3K units)
Costa Rica (6.2K units)
Grenada (5.1K units)
El Salvador (4.7K units)
France (4.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for mechanical hand floor sweeper 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 32911140 - Non-motorised, hand-operated mechanical floor sweepers and other brushes for road, household or animals

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