Panama - Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRoller Bearing Price in Panama - 2023
Contents:
- Roller Bearing Price in Panama (CIF) - 2023
- Roller Bearing Price in Panama (FOB) - 2022
- Roller Bearing Imports in Panama
- Roller Bearing Exports in Panama
Roller Bearing Price in Panama (CIF) - 2023
The import price in Panama stood at $32,809 per ton in September 2023, picking up by 30% against the previous month. Overall, the import price, however, recorded a slight descent. The pace of growth appeared the most rapid in January 2023 an increase of 61% month-to-month. Over the period under review, import prices attained the peak figure at $40,547 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In September 2023, the country with the highest price was Chile ($102K per ton), while China ($8,747 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 Free Zones (+14.8%), while the other leaders experienced more modest paces of growth.
Roller Bearing Price in Panama (FOB) - 2022
The export price in Panama stood at $38,990 per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price showed a buoyant expansion. The growth pace was the most rapid in 2013 when the export price increased by 100%. Over the period under review, the export prices attained the peak figure at $38,996 per ton in 2020; afterwards, it flattened through to 2022.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($149,053 per ton), while Indonesia ($2,415 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.3%), while the other leaders experienced more modest paces of growth.
Roller Bearing Imports in Panama
In 2022, supplies from abroad of roller bearings decreased by -22.8% to 152 tons, falling for the second year in a row after two years of growth. Overall, imports showed a perceptible contraction. The growth pace was the most rapid in 2020 when imports increased by 46%. As a result, imports attained the peak of 253 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, roller bearing imports shrank notably to $3.4M in 2022. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 55%. As a result, imports attained the peak of $6.2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Roller Bearing in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 125 | 105 | 131 | 134 | 2.3% |
| India | 94.1 | 81.7 | 120 | 121 | 8.7% |
| Indonesia | 88.8 | 67.3 | 83.0 | 114 | 8.7% |
| Canada | 97.5 | 76.8 | 85.7 | 98.2 | 0.2% |
| Thailand | 65.5 | 56.9 | 66.6 | 63.5 | -1.0% |
| South Korea | 53.4 | 48.5 | 54.3 | 51.7 | -1.1% |
| Italy | 39.9 | 31.0 | 43.5 | 48.5 | 6.7% |
| France | 43.8 | 36.9 | 44.3 | 42.3 | -1.2% |
| Poland | 22.4 | 20.0 | 47.5 | 41.1 | 22.4% |
| Singapore | 58.1 | 39.3 | 41.3 | 36.3 | -14.5% |
| Austria | 25.7 | 23.7 | 30.3 | 30.4 | 5.8% |
| Spain | 33.5 | 24.2 | 24.6 | 25.8 | -8.3% |
| Nigeria | 7.2 | 19.9 | 11.0 | 12.7 | 20.8% |
| Others | -751.1 | -625.2 | -779.0 | -815.8 | 2.8% |
| Total | 4.0 | 6.2 | 4.1 | 3.4 | -5.3% |
Top Suppliers of Roller Bearing to Panama in 2022:
- Indonesia (12.3K tons)
- Germany (6.9K tons)
- Thailand (6.4K tons)
- India (4.2K tons)
- Italy (3.5K tons)
- Nigeria (3.5K tons)
- Canada (3.4K tons)
- South Korea (3.3K tons)
- Spain (2.5K tons)
- France (2.4K tons)
- Poland (2.1K tons)
- Singapore (1.8K tons)
- Austria (1.8K tons)
Roller Bearing Exports in Panama
For the third year in a row, Panama recorded decline in overseas shipments of roller bearings, which decreased by 0% to 7 tons in 2022. In general, exports faced a sharp setback. The smallest decline of -54.9% was in 2020.
In value terms, roller bearing exports stood at $274K in 2022. Overall, exports showed a dramatic contraction. The smallest decline of -51.1% was in 2020.
| Export of Roller Bearing in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 171 | 157 | 210 | 248 | 13.2% |
| Germany | 164 | 130 | 179 | 157 | -1.4% |
| Singapore | 158 | 150 | 186 | 155 | -0.6% |
| Italy | 101 | 87.5 | 110 | 105 | 1.3% |
| United States | 103 | 82.5 | 87.2 | 97.9 | -1.7% |
| Vietnam | 79.7 | 75.2 | 90.1 | 94.4 | 5.8% |
| France | 90.3 | 73.2 | 91.9 | 72.5 | -7.1% |
| Hong Kong SAR | 49.9 | 58.6 | 48.5 | 46.9 | -2.0% |
| Slovakia | 48.3 | 36.9 | 47.0 | 40.8 | -5.5% |
| South Korea | 34.2 | 25.9 | 31.3 | 23.6 | -11.6% |
| United Arab Emirates | 7.9 | 3.8 | 6.2 | 17.5 | 30.4% |
| Indonesia | 2.4 | 1.9 | 2.4 | 2.9 | 6.5% |
| Others | -1,009.9 | -881.9 | -1,089.4 | -1,061.1 | 1.7% |
| Total | 1.1 | 0.5 | N/A | 0.3 | -35.2% |
Top Export Markets for Roller Bearing from Panama in 2022:
- China (33.4K tons)
- Singapore (6.2K tons)
- Germany (5.5K tons)
- France (5.4K tons)
- Slovakia (4.2K tons)
- Italy (3.4K tons)
- Vietnam (3.0K tons)
- South Korea (1.9K tons)
- United Arab Emirates (1.3K tons)
- Indonesia (1.2K tons)
- Hong Kong SAR (1.2K tons)
- United States (0.7K tons)
This report provides an in-depth analysis of the roller bearing market 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 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller 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.
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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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