Panama: Textile Relling Machine Market 2024

Textile Relling Machine Market Size in Panama

The Panamanian textile relling machine market surged to $X in 2022, increasing by X% against the previous year. In general, consumption enjoyed strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Textile Relling Machine Production in Panama

In value terms, textile relling machine production plummeted to $X in 2022 estimated in export price. Overall, production recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of X,500%. Textile relling machine production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Textile Relling Machine Exports

Exports from Panama

For the fourth year in a row, Panama recorded decline in shipments abroad of machines for reeling, unreeling or textile fabrics, which decreased by X% to X units in 2022. Overall, exports recorded a pronounced slump. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, textile relling machine exports stood at $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X units), Mexico (X units) and Trinidad and Tobago (X units) were the main destinations of textile relling machine exports from Panama, together accounting for X% 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 Guatemala (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X), Trinidad and Tobago ($X) and Mexico ($X) appeared to be the largest markets for textile relling machine exported from Panama worldwide, with a combined X% share of total exports. Costa Rica, Honduras, Venezuela, the Dominican Republic and Aruba lagged somewhat behind, together accounting for a further X%.

Venezuela, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 textile relling machine export price stood at $X per unit in 2022, almost unchanged from the previous year. Overall, the export price faced a deep contraction. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

Textile Relling Machine Imports

Imports into Panama

In 2022, approx. X units of machines for reeling, unreeling or textile fabrics were imported into Panama; growing by X% against the year before. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, textile relling machine imports skyrocketed to $X in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X units) constituted the largest textile relling machine supplier to Panama, accounting for a X% share of total imports. Moreover, textile relling machine imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold. South Korea (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 Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Korea (X% per year).

In value terms, Spain ($X) constituted the largest supplier of machines for reeling, unreeling or textile fabrics to Panama, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Korea (X% per year).

Import Prices by Country

The average textile relling machine import price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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