Panama: Breathing Appliances Market 2024

Breathing Appliances Market Size in Panama

The Panamanian breathing appliances market reduced modestly to $X in 2022, waning by X% against the previous year. In general, consumption, however, posted strong growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Breathing Appliances Production in Panama

In value terms, breathing appliances production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed strong growth. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Breathing Appliances Exports

Exports from Panama

Breathing appliances exports from Panama amounted to X units in 2022, therefore, remained relatively stable against 2021 figures. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, breathing appliances exports totaled $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Nicaragua (X units) was the main destination for breathing appliances exports from Panama, accounting for a X% share of total exports. Moreover, breathing appliances exports to Nicaragua exceeded the volume sent to the second major destination, the United States (X units), sixfold. Guatemala (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Nicaragua stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Guatemala (X% per year).

It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nicaragua stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average breathing appliances export price amounted to $X per unit, leveling off at the previous year. Over the period under review, the export price saw a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 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 highest price was recorded for prices to Guatemala ($X per unit) and Costa Rica ($X per unit), while the average price for exports to the United States ($X per unit) and Nicaragua ($X 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 Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Breathing Appliances Imports

Imports into Panama

In 2022, purchases abroad of breathing appliances and gas masks decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed a temperate increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, breathing appliances imports contracted significantly to $X in 2022. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), Free Zones (X units) and China (X units) were the main suppliers of breathing appliances imports to Panama, together comprising X% of total imports. Taiwan (Chinese), Costa Rica, Spain and South Korea lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest breathing appliances suppliers to Panama were Free Zones ($X), the United States ($X) and China ($X), together accounting for X% of total imports. Costa Rica, South Korea, Taiwan (Chinese) and Spain lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average breathing appliances import price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2021, and then fell notably in the following year.

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 Free Zones ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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