Panama - Stainless Steel Sinks And Wash Basins - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStainless Steel Sink Price in Panama - 2023
Contents:
- Stainless Steel Sink Price in Panama (CIF) - 2023
- Stainless Steel Sink Price in Panama (FOB) - 2022
- Stainless Steel Sink Imports in Panama
- Stainless Steel Sink Exports in Panama
Stainless Steel Sink Price in Panama (CIF) - 2023
The average stainless steel sink import price stood at $6.6 per unit in July 2023, rising by 11% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 60% m-o-m. The import price peaked at $7.9 per unit in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($18.4 per unit), while the price for China ($5.8 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Stainless Steel Sink Price in Panama (FOB) - 2022
The average stainless steel sink export price stood at $11 per unit in 2022, remaining constant against the previous year. In general, the export price posted a buoyant increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 91% against the previous year. Over the period under review, the average export prices hit record highs at $11 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Costa Rica ($11 per unit) and Jamaica ($11 per unit), while the average price for exports to Trinidad and Tobago ($11 per unit) and Cuba ($11 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Sink Imports in Panama
Stainless steel sink imports into Panama contracted dramatically to 318K units in 2022, reducing by -30.4% on 2021. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 70%. Over the period under review, imports reached the maximum at 458K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, stainless steel sink imports fell significantly to $2M in 2022. Overall, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 72%. Imports peaked at $3.1M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Stainless Steel Sink in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,468 | 906 | 1,808 | 1,160 | -7.5% |
| Free Zones | 629 | 383 | 305 | 283 | -23.4% |
| United States | 376 | 117 | 275 | 227 | -15.5% |
| Mexico | 171 | 45.2 | 98.8 | 120 | -11.1% |
| Brazil | 76.2 | 10.4 | 64.4 | 62.3 | -6.5% |
| Spain | 58.5 | 18.4 | 31.8 | 51.2 | -4.3% |
| Colombia | 22.7 | 6.5 | 3.5 | 28.6 | 8.0% |
| Ecuador | N/A | N/A | 33.6 | N/A | 0% |
| Others | 267 | 73.2 | 64.1 | 88.0 | -30.9% |
| Total | 3,069 | 1,560 | 2,684 | 2,020 | -13.0% |
Top Suppliers of Stainless Steel Sink to Panama in 2022:
- China (233.4K units)
- Free Zones (35.6K units)
- United States (15.2K units)
- Mexico (9.1K units)
- Colombia (6.5K units)
- Brazil (6.0K units)
- Spain (5.4K units)
Stainless Steel Sink Exports in Panama
In 2022, overseas shipments of stainless steel sinks and wash basins decreased by 0% to 31K units, falling for the second year in a row after two years of growth. Overall, exports faced a significant contraction. The growth pace was the most rapid in 2020 with an increase of 0.7%. As a result, the exports reached the peak of 63K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, stainless steel sink exports stood at $355K in 2022. In general, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 0.9%. As a result, the exports attained the peak of $710K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Stainless Steel Sink in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cuba | 3.1 | 224 | N/A | 89.1 | 206.3% |
| Venezuela | 23.9 | 38.7 | N/A | 15.4 | -13.6% |
| Costa Rica | 3.5 | 10.8 | N/A | 12.6 | 53.3% |
| Nicaragua | 8.1 | 22.2 | N/A | 8.8 | 2.8% |
| Barbados | 20.4 | 21.5 | N/A | 8.6 | -25.0% |
| Trinidad and Tobago | 2.3 | 16.5 | N/A | 6.6 | 42.1% |
| Jamaica | 8.9 | 5.0 | N/A | 6.0 | -12.3% |
| Guyana | 6.9 | 2.1 | N/A | 1.8 | -36.1% |
| Guatemala | N/A | 20.0 | N/A | N/A | 0% |
| Others | 626 | 349 | N/A | 206 | -31.0% |
| Total | 703 | 710 | N/A | 355 | -20.4% |
Top Export Markets for Stainless Steel Sink from Panama in 2022:
- Cuba (7.9K units)
- Venezuela (1.4K units)
- Costa Rica (1.1K units)
- Nicaragua (0.8K units)
- Barbados (0.8K units)
- Trinidad and Tobago (0.6K units)
- Jamaica (0.5K units)
- Guyana (0.2K units)
This report provides an in-depth analysis of the stainless steel sink 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 25991110 - Stainless steel sinks and wash basins
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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This report provides an in-depth analysis of the stainless steel sink market in Panama.
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This report provides an in-depth analysis of the metal bath market in Panama.
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This report provides an in-depth analysis of the market for iron or steel sanitary ware in Panama.
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