Panama - Wheeled Loaders, Crawler Shovel Loaders, Front-End Loaders - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Panama - Wheeled Loaders, Crawler Shovel Loaders, Front-End Loaders - Market Analysis, Forecast, Size, Trends And Insights

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Wheeled Loader Price in Panama - 2023

Contents:

  1. Wheeled Loader Price in Panama (CIF) - 2023
  2. Wheeled Loader Price in Panama (FOB) - 2022
  3. Wheeled Loader Imports in Panama
  4. Wheeled Loader Exports in Panama

Wheeled Loader Price in Panama (CIF) - 2023

The average wheeled loader import price stood at $65,958 per unit in July 2023, approximately mirroring the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average import price increased by 5.6% m-o-m. As a result, import price attained the peak level of $65,967 per unit; afterwards, it flattened through to July 2023.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was China ($65,970 per unit), while the price for South Korea stood at $65,955 per unit.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Wheeled Loader Price in Panama (FOB) - 2022

In 2022, the average wheeled loader export price amounted to $10,137 per unit, remaining constant against the previous year. In general, the export price posted a prominent expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 1,921%. Over the period under review, the average export prices hit record highs at $18,521 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($50,092 per unit), while the average price for exports to the Dominican Republic ($158 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Grenada (+160.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports in Panama

In 2022, approx. 92 units of wheeled loaders, crawler shovel loaders, front-end loaders were imported into Panama; dropping by -25.2% on 2021 figures. In general, imports saw a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. Imports peaked at 137 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, wheeled loader imports contracted sharply to $5.7M in 2022. Overall, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. Over the period under review, imports hit record highs at $7M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Wheeled Loader in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China42563.95792,67784.7%
India55.618.646.0825145.7%
United States1,389243161653-22.2%
Brazil42116132158711.7%
South Korea11094.710555871.8%
Czech Republic37.15.125.224788.1%
Italy73.841.922.294.28.5%
Japan4,2103,7844,940N/A8.3%
Others312461629106-30.2%
Total7,0344,8736,8285,747-6.5%

Top Suppliers of Wheeled Loader to Panama in 2022:

  1. China (43.0 units)
  2. India (13.0 units)
  3. United States (10.0 units)
  4. Brazil (9.0 units)
  5. South Korea (9.0 units)
  6. Czech Republic (4.0 units)
  7. Italy (2.0 units)

Wheeled Loader Exports in Panama

In 2022, overseas shipments of wheeled loaders, crawler shovel loaders, front-end loaders decreased by 0% to 18 units, falling for the second year in a row after two years of growth. Over the period under review, exports showed a mild decline. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. As a result, the exports attained the peak of 21 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wheeled loader exports stood at $182K in 2022. Overall, exports showed a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 141%. As a result, the exports reached the peak of $365K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Wheeled Loader in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Guatemala36.8154N/A10039.5%
Guyana3.717.1N/A13.654.3%
Costa Rica2.627.8N/A6.636.4%
Colombia0.31.4N/A3.5126.8%
GrenadaN/AN/AN/A3.10%
Jamaica1.15.9N/A1.510.9%
Cuba1.02.9N/A1.13.2%
Ecuador0.72.8N/A1.116.3%
El Salvador1.46.9N/A1.0-10.6%
Italy0.51.8N/A0.921.6%
Spain2.113.1N/A0.9-24.6%
Chile0.20.5N/A0.20.0%
Dominican Republic0.20.5N/A0.20.0%
Others101130N/A48.8-21.5%
Total152365N/A1826.2%

Top Export Markets for Wheeled Loader from Panama in 2022:

  1. Guatemala (2.0 units)
  2. Jamaica (1.0 units)
  3. Italy (1.0 units)
  4. Colombia (1.0 units)
  5. Cuba (1.0 units)
  6. El Salvador (1.0 units)
  7. Guyana (1.0 units)
  8. Costa Rica (1.0 units)
  9. Spain (1.0 units)
  10. Chile (1.0 units)
  11. Grenada (1.0 units)
  12. Dominican Republic (1.0 units)
  13. Ecuador (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wheeled loader 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 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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