Panama - Toothed Wheels, Chain Sprockets and Other Transmission Elements - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Toothed Wheels, Chain Sprockets and Other Transmission Elements in Panama - 2023
Contents:
- Price for Toothed Wheels, Chain Sprockets and Other Transmission Elements in Panama (CIF) - 2023
- Price for Toothed Wheels, Chain Sprockets and Other Transmission Elements in Panama (FOB) - 2022
- Imports of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Panama
- Exports of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Panama
Price for Toothed Wheels, Chain Sprockets and Other Transmission Elements in Panama (CIF) - 2023
In September 2023, the average import price for toothed wheels, chain sprockets and other transmission elements amounted to $26,797 per ton, declining by -1.7% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 166% month-to-month. The import price peaked at $36,926 per ton in June 2023; however, from July 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Free Zones ($53,616 per ton), while the price for the United States ($22,996 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 China (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Toothed Wheels, Chain Sprockets and Other Transmission Elements in Panama (FOB) - 2022
The average export price for toothed wheels, chain sprockets and other transmission elements stood at $25,056 per ton in 2022, surging by 66% against the previous year. Overall, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 128% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Colombia ($26,030 per ton) and Venezuela ($25,374 per ton), while the average price for exports to the Dominican Republic ($23,646 per ton) and El Salvador ($25,155 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 Trinidad and Tobago (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Panama
For the fourth consecutive year, Panama recorded growth in supplies from abroad of toothed wheels, chain sprockets and other transmission elements, which increased by 43% to 162 tons in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +19.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of toothed wheels, chain sprockets and other transmission elements surged to $3.8M in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Panama (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 574 | 416 | 767 | 1,789 | 46.1% |
Free Zones | 345 | 575 | 860 | 1,070 | 45.8% |
Germany | 227 | 263 | 430 | 253 | 3.7% |
Colombia | 91.9 | 71.4 | 293 | 68.6 | -9.3% |
China | 159 | 169 | 87.8 | 67.0 | -25.0% |
Netherlands | 18.5 | 0.7 | 12.8 | 56.0 | 44.7% |
Brazil | 32.2 | 55.0 | 67.1 | 53.4 | 18.4% |
South Korea | 73.6 | 171 | 9.4 | 27.5 | -28.0% |
Peru | 65.8 | 55.5 | 3.0 | N/A | -78.6% |
Others | 405 | 278 | 200 | 380 | -2.1% |
Total | 1,992 | 2,054 | 2,730 | 3,764 | 23.6% |
Top Suppliers of Toothed Wheels, Chain Sprockets and Other Transmission Elements to Panama in 2022:
- United States (94.5 tons)
- Free Zones (34.1 tons)
- China (7.6 tons)
- South Korea (4.9 tons)
- Germany (3.7 tons)
- Brazil (3.4 tons)
- Netherlands (2.5 tons)
- Colombia (1.6 tons)
Exports of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Panama
In 2022, exports of toothed wheels, chain sprockets and other transmission elements from Panama shrank markedly to 18 tons, reducing by -15.8% on the previous year's figure. Overall, total exports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 102% against the previous year. As a result, the exports reached the peak of 21 tons, and then dropped significantly in the following year.
In value terms, exports of toothed wheels, chain sprockets and other transmission elements soared to $441K in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Toothed Wheels, Chain Sprockets and Other Transmission Elements in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Guatemala | 66.0 | 43.9 | 69.0 | 97.6 | 13.9% |
El Salvador | 49.3 | 32.1 | 54.3 | 73.7 | 14.3% |
Venezuela | 48.5 | 32.4 | 46.0 | 69.8 | 12.9% |
Colombia | 26.7 | 20.6 | 29.7 | 42.0 | 16.3% |
Dominican Republic | 19.9 | 13.4 | 28.5 | 37.6 | 23.6% |
Trinidad and Tobago | 23.7 | N/A | N/A | N/A | 0% |
Jamaica | N/A | 35.6 | N/A | N/A | 0% |
Others | 127 | 78.1 | 88.7 | 121 | -1.6% |
Total | 361 | 256 | 316 | 441 | 6.9% |
Top Export Markets for Toothed Wheels, Chain Sprockets and Other Transmission Elements from Panama in 2022:
- Guatemala (3.9 tons)
- El Salvador (2.9 tons)
- Venezuela (2.8 tons)
- Colombia (1.6 tons)
- Dominican Republic (1.6 tons)
This report provides an in-depth analysis of the market for toothed wheels, chain sprockets and other transmission elements 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 28153930 - Parts of bearing housings
- Prodcom 28153950 - Parts of transmission, cam and crankshafts, cranks, plain shaft bearings, gears, ball/roller screws, gearboxes, torque converters, flywheels, pulleys, clutches, shaft couplings, u niversal joints
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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