Panama: Lawn Mower Market 2024

Lawn Mower Market Size in Panama

The Panamanian lawn mower market contracted notably to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a noticeable setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Lawn Mower Exports

Exports from Panama

In 2022, exports of mowers for lawns, parks, golf courses or sports grounds from Panama declined significantly to X units, with a decrease of X% on the year before. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, lawn mower exports contracted remarkably to $X in 2022. In general, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units), Peru (X units) and Belize (X units) were the main destinations of lawn mower exports from Panama, with a combined X% share of total exports. Nicaragua, Costa Rica, Chile, Ecuador, Guatemala and Guyana lagged somewhat behind, together comprising 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 Nicaragua (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Peru ($X) and Belize ($X) constituted the largest markets for lawn mower exported from Panama worldwide, together accounting for X% of total exports. Nicaragua, Costa Rica, Ecuador, Chile, Guatemala and Guyana lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Nicaragua, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 lawn mower export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Guyana ($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 Nicaragua (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lawn Mower Imports

Imports into Panama

In 2022, lawn mower imports into Panama fell notably to X units, dropping by X% compared with the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, lawn mower imports fell dramatically to $X in 2022. In general, imports recorded a pronounced curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Free Zones (X units), China (X units) and the United States (X units) were the main suppliers of lawn mower imports to Panama, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Free Zones (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest lawn mower suppliers to Panama were Free Zones ($X), China ($X) and the United States ($X), together accounting for X% of total imports.

Among the main suppliers, Free Zones, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average lawn mower import price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2016 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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