Panama: Market for Gas and Smoke Analysers 2024

Market Size for Gas and Smoke Analysers in Panama

The Panamanian gas and smoke analyser market reduced to $X in 2022, which is down by X% against the previous year. In general, consumption, however, posted a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Gas and Smoke Analysers in Panama

In value terms, gas and smoke analyser production contracted to $X in 2022 estimated in export price. Overall, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Gas and Smoke Analysers

Exports from Panama

In 2022, approx. X units of gas and smoke analysers were exported from Panama; stabilizing at the previous year's figure. In general, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, gas and smoke analyser exports totaled $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X units), the Dominican Republic (X units) and Costa Rica (X units) were the main destinations of gas and smoke analyser exports from Panama, with a combined X% share of total exports. Haiti, Guatemala, Honduras and Bolivia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), the Dominican Republic ($X) and Costa Rica ($X) appeared to be the largest markets for gas and smoke analyser exported from Panama worldwide, with a combined X% share of total exports.

Ecuador, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average gas and smoke analyser export price amounted to $X per unit, flattening at the previous year. Overall, the export price saw a significant increase. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Costa Rica ($X per unit) and Guatemala ($X per unit), while the average price for exports to Honduras ($X per unit) and the Dominican Republic ($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 Cuba (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gas and Smoke Analysers

Imports into Panama

In 2022, purchases abroad of gas and smoke analysers increased by X% to X units for the first time since 2017, thus ending a four-year declining trend. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, gas and smoke analyser imports skyrocketed to $X in 2022. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of gas and smoke analyser to Panama, accounting for a X% share of total imports. Moreover, gas and smoke analyser imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. The third position in this ranking was taken by Free Zones (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Free Zones (X% per year).

In value terms, the United States ($X) constituted the largest supplier of gas and smoke analysers to Panama, comprising X% of total imports. The second position in the ranking was taken by Free Zones ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average gas and smoke analyser import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price showed strong growth. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Japan ($X per unit) 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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