Panama: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Panama

The Panamanian filling containers machinery market rose rapidly to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, saw a pronounced downturn. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Filling Containers Machinery Production in Panama

In value terms, filling containers machinery production rose significantly to $X in 2022 estimated in export price. In general, production, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Filling containers machinery production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Filling Containers Machinery Exports

Exports from Panama

For the third year in a row, Panama recorded decline in overseas shipments of machinery for filling, closing, sealing, capsuling or labelling containers, which decreased by X% to X units in 2022. In general, exports continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, filling containers machinery exports totaled $X in 2022. Overall, exports saw a deep setback. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Guyana (X units), Guatemala (X units) and Venezuela (X units) were the main destinations of filling containers machinery exports from Panama, with a combined X% share of total exports.

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

In value terms, the largest markets for filling containers machinery exported from Panama were Guyana ($X), Guatemala ($X) and Venezuela ($X), with a combined X% share of total exports. Jamaica, Colombia, Trinidad and Tobago, the United States, Costa Rica, the Dominican Republic, El Salvador, Honduras, Nicaragua and Belize lagged somewhat behind, together accounting for a further X%.

Belize, with a CAGR of X%, saw 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

The average filling containers machinery export price stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($X per unit), while the average price for exports to Belize ($X 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 Trinidad and Tobago (X%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Panama

In 2022, supplies from abroad of machinery for filling, closing, sealing, capsuling or labelling containers increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports saw prominent growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, filling containers machinery imports skyrocketed to $X in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Free Zones (X units), China (X units) and Italy (X units) were the main suppliers of filling containers machinery imports to Panama, together accounting for X% of total imports.

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

In value terms, the largest filling containers machinery suppliers to Panama were Free Zones ($X), Italy ($X) and China ($X), together accounting for X% of total imports.

Among the main suppliers, Italy, 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 filling containers machinery import price stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price continues to indicate tangible growth. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :