Panama: Band Saw Blade Market 2024

Band Saw Blade Market Size in Panama

The Panamanian band saw blade market rose significantly to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Band Saw Blade Production in Panama

In value terms, band saw blade production rose sharply to $X in 2022 estimated in export price. Overall, production continues to indicate measured growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Band saw blade production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Band Saw Blade Exports

Exports from Panama

After two years of decline, shipments abroad of band saw blades increased by X% to X kg in 2022. Overall, exports, however, showed a significant decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, band saw blade exports dropped to $X in 2022. Over the period under review, exports, however, recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Venezuela (X kg), the Dominican Republic (X kg) and Colombia (X kg) were the main destinations of band saw blade exports from Panama, with a combined X% share of total exports. Costa Rica, Uruguay, Ecuador, Jamaica, Barbados, Trinidad and Tobago, Guatemala, El Salvador, the United States and Nicaragua lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Barbados (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for band saw blade exported from Panama were Venezuela ($X), the Dominican Republic ($X) and Colombia ($X), together accounting for X% of total exports. Costa Rica, Ecuador, Uruguay, Jamaica, Barbados, Trinidad and Tobago, Guatemala, El Salvador, the United States and Nicaragua lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Barbados, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average band saw blade export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Barbados ($X per ton) and the United States ($X per ton), while the average price for exports to Costa Rica ($X per ton) and Uruguay ($X 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 Nicaragua (X%), while the prices for the other major destinations experienced more modest paces of growth.

Band Saw Blade Imports

Imports into Panama

In 2022, supplies from abroad of band saw blades decreased by X% to X tons, falling for the fourth year in a row after two years of growth. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, band saw blade imports dropped modestly to $X in 2022. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Free Zones (X tons), the United States (X tons) and China (X tons) were the main suppliers of band saw blade imports to Panama, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Free Zones (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X), Free Zones ($X) and Brazil ($X) constituted the largest band saw blade suppliers to Panama, together comprising X% of total imports.

Among the main suppliers, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average band saw blade import price amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, band saw blade import price increased by X% against 2018 indices. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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