Panama - Balls, Needles And Rollers For Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTools for Bearing Price in Panama - 2023
Contents:
- Tools for Bearing Price in Panama (CIF) - 2022
- Tools for Bearing Price in Panama (FOB) - 2022
- Tools for Bearing Imports in Panama
- Tools for Bearing Exports in Panama
Tools for Bearing Price in Panama (CIF) - 2022
The average tools for bearing import price stood at $19,231 per ton in 2022, dropping by -4% against the previous year. In general, the import price, however, recorded a strong increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 147% against the previous year. Over the period under review, average import prices attained the maximum at $23,172 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($71,089 per ton), while the price for Spain ($7,472 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 (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Tools for Bearing Price in Panama (FOB) - 2022
The average tools for bearing export price stood at $9,008 per ton in 2022, approximately mirroring the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 18%. As a result, the export price attained the peak level of $10,328 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($9,276 per ton) and El Salvador ($9,273 per ton), while the average price for exports to Venezuela ($8,852 per ton) and Colombia ($8,913 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 Ecuador (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Tools for Bearing Imports in Panama
Tools for bearing imports into Panama dropped to 17 tons in 2022, with a decrease of -10% against 2021 figures. In general, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of 106%. As a result, imports reached the peak of 19 tons, and then declined in the following year.
In value terms, tools for bearing imports contracted to $333K in 2022. Overall, imports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 78% against the previous year. As a result, imports reached the peak of $385K, and then fell in the following year.
| Import of Tools for Bearing in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.6 | 20.9 | 24.6 | 66.9 | 29.8% |
| Germany | 38.0 | 25.3 | 50.0 | 58.1 | 15.2% |
| United States | 70.4 | 56.6 | 71.4 | 42.4 | -15.6% |
| Free Zones | 4.6 | 18.0 | 64.9 | 40.0 | 105.6% |
| Mexico | N/A | 25.3 | 19.2 | 38.5 | 23.4% |
| Italy | 2.4 | 6.0 | 35.0 | 29.5 | 130.8% |
| Spain | 48.5 | 10.6 | 21.0 | 26.7 | -18.0% |
| South Korea | 94.6 | 27.8 | 26.4 | 17.4 | -43.1% |
| Brazil | 38.7 | 5.5 | 4.1 | 1.1 | -69.5% |
| Others | 35.0 | 20.5 | 68.6 | 12.1 | -29.8% |
| Total | 363 | 217 | 385 | 333 | -2.8% |
Top Suppliers of Tools for Bearing to Panama in 2022:
- China (4.5 tons)
- Spain (3.6 tons)
- Mexico (3.1 tons)
- Free Zones (3.0 tons)
- United States (0.9 tons)
- Germany (0.8 tons)
- Italy (0.5 tons)
- South Korea (0.4 tons)
- Brazil (0.1 tons)
Tools for Bearing Exports in Panama
For the third consecutive year, Panama recorded decline in shipments abroad of balls, needles and rollers for ball or roller bearings, which decreased by 0% to 2.6 tons in 2022. In general, exports showed a dramatic decrease. The smallest decline of -62.8% was in 2020.
In value terms, tools for bearing exports stood at $24K in 2022. Overall, exports continue to indicate a sharp shrinkage. The smallest decline of -66% was in 2020.
| Export of Tools for Bearing in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 41.1 | 26.1 | N/A | 9.7 | -38.2% |
| El Salvador | 24.7 | 1.1 | N/A | 3.8 | -46.4% |
| United States | 19.8 | 0.7 | N/A | 3.0 | -46.7% |
| Costa Rica | 13.8 | 1.7 | N/A | 2.2 | -45.8% |
| Colombia | 3.2 | 2.3 | N/A | 0.8 | -37.0% |
| Spain | N/A | 5.0 | N/A | N/A | 0% |
| Ecuador | 8.8 | N/A | N/A | N/A | 0% |
| Honduras | 22.8 | N/A | N/A | N/A | 0% |
| Others | 4.7 | 10.1 | N/A | 4.2 | -3.7% |
| Total | 139 | 47.2 | N/A | 23.6 | -44.6% |
Top Export Markets for Tools for Bearing from Panama in 2022:
- Venezuela (1094.0 kg)
- El Salvador (406.0 kg)
- United States (326.0 kg)
- Costa Rica (233.0 kg)
- Colombia (92.0 kg)
This report provides an in-depth analysis of the tools for 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 28153130 - Balls, needles and rollers for ball or 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.
-
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
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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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