Panama: Nail And Bolt Market 2024

Nail And Bolt Market Size in Panama

The Panamanian nail and bolt market amounted to $X in 2022, increasing by 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). Over the period under review, consumption showed a strong expansion. Nail and bolt consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Nail And Bolt Exports

Exports from Panama

Nail and bolt exports from Panama surged to X tons in 2022, increasing by X% compared with 2021. Over the period under review, exports, however, recorded a sharp curtailment. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, nail and bolt exports skyrocketed to $X in 2022. In general, exports, however, faced a dramatic decrease. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X tons) was the main destination for nail and bolt exports from Panama, with a X% share of total exports. Moreover, nail and bolt exports to the Dominican Republic exceeded the volume sent to the second major destination, Colombia (X tons), twofold. The third position in this ranking was held by Trinidad and Tobago (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Dominican Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Trinidad and Tobago (X% per year).

In value terms, the largest markets for nail and bolt exported from Panama were the Dominican Republic ($X), Colombia ($X) and Venezuela ($X), with a combined X% share of total exports.

The Dominican Republic, 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 a decline.

Export Prices by Country

In 2022, the average nail and bolt export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price recorded a pronounced shrinkage. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to Trinidad and Tobago ($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 Jamaica (X%), while the prices for the other major destinations experienced mixed trend patterns.

Nail And Bolt Imports

Imports into Panama

In 2022, overseas purchases of nails, tacks, staples, screws and bolts increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, nail and bolt imports surged to $X in 2022. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of nail and bolt to Panama, with a X% share of total imports. Moreover, nail and bolt imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. India (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, the largest nail and bolt suppliers to Panama were the United States ($X), China ($X) and Free Zones ($X), together accounting for X% of total imports. India, Taiwan (Chinese), Chile and Colombia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Chile, with a CAGR of X%, recorded the highest rates of growth with regard to 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 nail and bolt import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nail and bolt import price increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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