Panama - Screwdrivers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingScrewdriver Price in Panama - 2023
Contents:
- Screwdriver Price in Panama (CIF) - 2022
- Screwdriver Price in Panama (FOB) - 2022
- Screwdriver Imports in Panama
- Screwdriver Exports in Panama
Screwdriver Price in Panama (CIF) - 2022
In 2022, the average screwdriver import price amounted to $7,609 per ton, with an increase of 9.7% against the previous year. Over the period under review, the import price recorded a strong expansion. The pace of growth was the most pronounced in 2017 an increase of 105%. Over the period under review, average import prices attained the maximum at $9,905 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($10,983 per ton), while the price for China ($6,200 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 (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Screwdriver Price in Panama (FOB) - 2022
In 2022, the average screwdriver export price amounted to $26,219 per ton, standing approx. at the previous year. Overall, the export price saw a strong expansion. The pace of growth was the most pronounced in 2017 an increase of 137% against the previous year. Over the period under review, the average export prices hit record highs at $28,038 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Trinidad and Tobago ($28,531 per ton) and Ecuador ($28,360 per ton), while the average price for exports to Guatemala ($24,125 per ton) and Nicaragua ($24,265 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 (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.
Screwdriver Imports in Panama
Screwdriver imports into Panama contracted markedly to 98 tons in 2022, dropping by -27.9% compared with 2021. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 27%.
In value terms, screwdriver imports shrank rapidly to $743K in 2022. In general, imports continue to indicate a significant curtailment. The smallest decline of -9.5% was in 2021.
| Import of Screwdriver in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 965 | 738 | 416 | 307 | -31.7% |
| United States | 373 | 132 | 261 | 213 | -17.0% |
| Free Zones | 133 | 81.9 | 190 | 161 | 6.6% |
| Taiwan (Chinese) | 45.6 | 35.5 | 32.1 | 34.2 | -9.1% |
| Mexico | 37.9 | 18.8 | 19.6 | 8.0 | -40.5% |
| Others | 50.7 | 32.1 | 20.6 | 19.6 | -27.2% |
| Total | 1,604 | 1,038 | 939 | 743 | -22.6% |
Top Suppliers of Screwdriver to Panama in 2022:
- China (49.5 tons)
- Free Zones (22.4 tons)
- United States (19.4 tons)
- Taiwan (Chinese) (4.0 tons)
- Mexico (1.2 tons)
Screwdriver Exports in Panama
In 2022, overseas shipments of screwdrivers decreased by -70.3% to 2.2 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a significant curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 18%. As a result, the exports reached the peak of 48 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, screwdriver exports contracted notably to $57K in 2022. Overall, exports showed a sharp downturn. The smallest decline of -5.6% was in 2020.
| Export of Screwdriver in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 381 | 380 | 64.9 | 19.3 | -63.0% |
| Costa Rica | 109 | 93.7 | 14.7 | 4.5 | -65.4% |
| Guatemala | 86.2 | 83.0 | 13.2 | 3.9 | -64.4% |
| Venezuela | 31.9 | 61.1 | 9.7 | 2.9 | -55.0% |
| Dominican Republic | 59.6 | 47.2 | 9.3 | 2.8 | -63.9% |
| Trinidad and Tobago | 75.4 | 28.9 | 7.4 | 2.3 | -68.8% |
| Ecuador | 36.7 | 29.9 | 7.2 | 2.1 | -61.5% |
| Honduras | 29.0 | 42.0 | 6.7 | 2.0 | -59.0% |
| Nicaragua | 26.6 | 42.8 | 6.8 | 2.0 | -57.8% |
| El Salvador | 39.2 | 34.8 | 5.7 | 1.7 | -64.9% |
| Jamaica | 42.0 | 27.9 | 5.0 | 1.6 | -66.4% |
| Brazil | 15.7 | 21.0 | 4.7 | 1.4 | -55.3% |
| United States | 10.3 | 17.8 | 3.7 | 1.1 | -52.6% |
| Others | 200 | 169 | 31.8 | 9.6 | -63.7% |
| Total | 1,143 | 1,079 | 191 | 57.0 | -63.2% |
Top Export Markets for Screwdriver from Panama in 2022:
- Colombia (733.0 kg)
- Costa Rica (181.0 kg)
- Guatemala (160.0 kg)
- Venezuela (118.0 kg)
- Dominican Republic (99.0 kg)
- Nicaragua (83.0 kg)
- Honduras (81.0 kg)
- Trinidad and Tobago (81.0 kg)
- Ecuador (75.0 kg)
- El Salvador (67.0 kg)
- Jamaica (56.0 kg)
- Brazil (50.0 kg)
- United States (39.0 kg)
This report provides an in-depth analysis of the screwdriver 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 25733063 - Screwdrivers
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
- 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
-
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
-
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
-
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
-
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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