Panama: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in Panama

The Panamanian confectionery-making industrial machinery market declined to $X in 2022, with a decrease of X% against the previous year. In general, consumption continues to indicate a abrupt setback. Confectionery-making industrial machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Confectionery-Making Industrial Machinery Production in Panama

In value terms, confectionery-making industrial machinery production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Confectionery-making industrial machinery production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Confectionery-Making Industrial Machinery Exports

Exports from Panama

In 2022, overseas shipments of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate decreased by X% to X units, falling for the third year in a row after two years of growth. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, confectionery-making industrial machinery exports amounted to $X in 2022. Overall, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Colombia (X units) and Venezuela (X units) were the main destinations of confectionery-making industrial machinery exports from Panama.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%).

From 2012 to 2022, the average annual growth rate of value to Venezuela stood at X%.

Export Prices by Country

The average confectionery-making industrial machinery export price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Colombia totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (X%), while the prices for the other major destinations experienced mixed trend patterns.

Confectionery-Making Industrial Machinery Imports

Imports into Panama

In 2022, approx. X units of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate were imported into Panama; leveling off at the year before. Overall, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, confectionery-making industrial machinery imports contracted remarkably to $X in 2022. Over the period under review, imports showed a modest increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of confectionery-making industrial machinery to Panama, with a X% share of total imports. Moreover, confectionery-making industrial machinery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Brazil (X units) ranked third in terms of total imports with a X% share.

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

In value terms, South Korea ($X), China ($X) and the United States ($X) were the largest confectionery-making industrial machinery suppliers to Panama, together comprising X% of total imports. Brazil, France, Belgium and Free Zones lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Brazil, with a CAGR of X%, saw the highest growth rate of 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

The average confectionery-making industrial machinery import price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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