Panama - Mechanical Shovels, Excavators And Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Mechanical Shovel and Excavator in Panama - 2023
Contents:
- Price for Mechanical Shovel and Excavator in Panama (CIF) - 2023
- Price for Mechanical Shovel and Excavator in Panama (FOB) - 2022
- Imports of Mechanical Shovel and Excavator in Panama
- Exports of Mechanical Shovel and Excavator in Panama
Price for Mechanical Shovel and Excavator in Panama (CIF) - 2023
The average mechanical shovel and excavator import price stood at $62,034 per unit in July 2023, therefore, remained relatively stable against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average import price increased by 7% against the previous month. The import price peaked in July 2023.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the highest price was recorded for prices from South Korea ($62,825 per unit) and Thailand ($62,376 per unit), while the price for Italy ($60,399 per unit) and India ($60,896 per unit) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mechanical Shovel and Excavator in Panama (FOB) - 2022
In 2022, the average mechanical shovel and excavator export price amounted to $34,931 per unit, remaining stable against the previous year. In general, the export price showed a significant increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 1,009%. The export price peaked at $49,433 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($105,229 per unit), while the average price for exports to the Dominican Republic ($108 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 Nicaragua (+152.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mechanical Shovel and Excavator in Panama
Mechanical shovel and excavator imports into Panama soared to 544 units in 2022, jumping by 66% compared with 2021 figures. Overall, imports recorded a notable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, mechanical shovel and excavator imports surged to $44M in 2022. Over the period under review, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 109% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
Import of Mechanical Shovel and Excavator in Panama (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 11.8 | 1.2 | 7.0 | 16.2 | 11.1% |
China | 4.4 | 0.6 | 2.6 | 13.8 | 46.4% |
South Korea | 3.7 | 0.3 | 2.4 | 6.2 | 18.8% |
France | 0.4 | 0.1 | 0.1 | 3.5 | 106.1% |
India | 1.0 | 0.1 | 0.6 | 2.0 | 26.0% |
United States | 2.2 | 0.4 | 0.3 | 1.0 | -23.1% |
Thailand | 1.5 | 0.1 | 0.3 | 0.3 | -41.5% |
Japan | 4.5 | 6.5 | 5.4 | 0.1 | -71.9% |
Hong Kong SAR | 0.6 | 0.1 | 0.8 | N/A | 15.5% |
Others | 4.4 | 1.2 | 3.0 | 1.3 | -33.4% |
Total | 34.5 | 10.7 | 22.4 | 44.3 | 8.7% |
Top Suppliers of Mechanical Shovel and Excavator to Panama in 2022:
- China (225.0 units)
- Brazil (103.0 units)
- South Korea (96.0 units)
- France (56.0 units)
- India (21.0 units)
- United States (15.0 units)
- Thailand (4.0 units)
- Japan (2.0 units)
Exports of Mechanical Shovel and Excavator in Panama
In 2022, shipments abroad of mechanical shovels, excavators and shovel loaders decreased by 0% to 49 units, falling for the second consecutive year after two years of growth. In general, exports showed a perceptible contraction. The pace of growth appeared the most rapid in 2020 with an increase of 38% against the previous year. As a result, the exports attained the peak of 76 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, mechanical shovel and excavator exports stood at $1.7M in 2022. Overall, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 26% against the previous year. As a result, the exports reached the peak of $3.4M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Mechanical Shovel and Excavator in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nicaragua | 1,722 | 607 | N/A | 842 | -21.2% |
Guatemala | 186 | 1,364 | N/A | 528 | 41.6% |
Suriname | 21.0 | 94.6 | N/A | 125 | 81.2% |
Guyana | 10.3 | 109 | N/A | 66.6 | 86.3% |
Trinidad and Tobago | 10.0 | 164 | N/A | 48.1 | 68.8% |
Costa Rica | 422 | 427 | N/A | 40.1 | -54.4% |
Venezuela | 8.3 | 34.8 | N/A | 12.4 | 14.3% |
Ecuador | 1.0 | 24.5 | N/A | 9.7 | 113.3% |
United States | 6.1 | 14.1 | N/A | 3.9 | -13.9% |
Colombia | 0.4 | 1.8 | N/A | 3.6 | 108.0% |
Cuba | 2.7 | 3.6 | N/A | 3.2 | 5.8% |
Chile | 0.2 | 0.5 | N/A | 0.2 | 0.0% |
Dominican Republic | 0.2 | 31.4 | N/A | 0.2 | 0.0% |
Others | 328 | 546 | N/A | 28.7 | -55.6% |
Total | 2,719 | 3,423 | N/A | 1,712 | -14.3% |
Top Export Markets for Mechanical Shovel and Excavator from Panama in 2022:
- Guatemala (11.0 units)
- Nicaragua (8.0 units)
- Cuba (2.0 units)
- Guyana (2.0 units)
- Costa Rica (2.0 units)
- United States (2.0 units)
- Trinidad and Tobago (2.0 units)
- Suriname (2.0 units)
- Colombia (2.0 units)
- Venezuela (2.0 units)
- Dominican Republic (2.0 units)
- Ecuador (2.0 units)
- Chile (1.0 units)
This report provides an in-depth analysis of the market for mechanical shovel and excavator 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 28922530 - Loaders specially designed for underground use
- Prodcom 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders
- Prodcom 28922600 - Self-propelled bulldozers... with a .360
- Prodcom 28922730 - Self-propelled bulldozers, excavators..., n.e.c.
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
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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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