Panama: Mechanical Stoker Market 2024

Mechanical Stoker Market Size in Panama

The Panamanian mechanical stoker market rose to $X in 2022, with an increase of 4.8% against the previous year. Overall, consumption saw a buoyant expansion. Mechanical stoker consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Mechanical Stoker Production in Panama

In value terms, mechanical stoker production amounted to $X in 2022 estimated in export price. Over the period under review, production enjoyed strong growth. The pace of growth was the most pronounced in 2016 with an increase of 295%. Mechanical stoker production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Mechanical Stoker Exports

Exports from Panama

In 2022, shipments abroad of mechanical stokers decreased by -0.4% to X kg, falling for the third consecutive year after two years of growth. In general, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 132% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, mechanical stoker exports contracted to $X in 2022. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2018 when exports increased by 142% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Dominican Republic (X kg), Colombia (X kg) and Ecuador (X kg) were the main destinations of mechanical stoker exports from Panama, with a combined 59% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +5.1%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for mechanical stoker exported from Panama were the Dominican Republic ($X), Venezuela ($X) and Ecuador ($X), together accounting for 35% of total exports.

The Dominican Republic, with a CAGR of -1.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average mechanical stoker export price amounted to $X per ton, reducing by -4.8% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 49% against the previous year. The export price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Suriname (+47.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mechanical Stoker Imports

Imports into Panama

In 2022, mechanical stoker imports into Panama declined dramatically to X tons, which is down by -68% against 2021 figures. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 1,047%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, mechanical stoker imports fell markedly to $X in 2022. Overall, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 when imports increased by 1,697% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X kg), Free Zones (X kg) and China (X kg) were the main suppliers of mechanical stoker imports to Panama, with a combined 83% share of total imports. The United States and Mexico lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +16.5%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X), Free Zones ($X) and China ($X) constituted the largest mechanical stoker suppliers to Panama, with a combined 77% share of total imports. The United States and Mexico lagged somewhat behind, together comprising a further 17%.

Mexico, with a CAGR of +13.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average mechanical stoker import price stood at $X per ton in 2022, which is down by -51.2% against the previous year. Overall, the import price, however, saw a slight increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 57% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 Mexico ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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