Panama: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2024

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Panama

The Panamanian non-electronic hydro- and hygrometers market fell remarkably 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). Overall, consumption, however, showed a strong expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Panama

Non-electronic hydro- and hygrometers exports from Panama was estimated at X units in 2022, leveling off at 2021 figures. Overall, exports posted a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers exports amounted to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Guyana (X units), Cuba (X units) and Uruguay (X units) were the main destinations of non-electronic hydro- and hygrometers 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 Uruguay (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electronic hydro- and hygrometers exported from Panama were Cuba ($X), Uruguay ($X) and El Salvador ($X), together comprising X% of total exports. Trinidad and Tobago, Guyana, Peru, Honduras, Costa Rica, Suriname, Haiti, Bolivia, Barbados and Bahamas lagged somewhat behind, together comprising a further X%.

Haiti, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average non-electronic hydro- and hygrometers export price amounted to $X per unit, remaining constant against the previous year. In general, the export price recorded a noticeable downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure 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 Honduras ($X per unit), while the average price for exports to Bahamas ($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 Haiti (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Panama

In 2022, imports of non-electronic hydro-, hygro-, psychrometers into Panama declined remarkably to X units, dropping by X% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers imports contracted markedly to $X in 2022. Overall, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest non-electronic hydro- and hygrometers supplier to Panama, accounting for a X% share of total imports. Moreover, non-electronic hydro- and hygrometers imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.

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

In value terms, the United States ($X) constituted the largest supplier of non-electronic hydro-, hygro-, psychrometers to Panama, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average non-electronic hydro- and hygrometers import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average 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 China ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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