Panama: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Panama

The Panamanian pliers and pincers market dropped markedly to $X in 2022, shrinking by X% against the previous year. In general, consumption saw a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Pliers And Pincers Production in Panama

In value terms, pliers and pincers production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Pliers And Pincers Exports

Exports from Panama

In 2022, approx. X tons of pliers, pincers and tweezers for nonmedical use were exported from Panama; rising by X% against the previous year. Over the period under review, exports, however, recorded a abrupt decrease. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, pliers and pincers exports soared to $X in 2022. In general, exports, however, recorded a abrupt setback. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for pliers and pincers exports from Panama, accounting for a X% share of total exports. Moreover, pliers and pincers exports to Colombia exceeded the volume sent to the second major destination, Cuba (X tons), fivefold. The third position in this ranking was taken by Costa Rica (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X% per year) and Costa Rica (X% per year).

In value terms, Colombia ($X), Cuba ($X) and Costa Rica ($X) were the largest markets for pliers and pincers exported from Panama worldwide, with a combined X% share of total exports. Venezuela, Nicaragua, Guatemala, the Dominican Republic, Honduras, Ecuador, Brazil, Trinidad and Tobago, the United States and Jamaica lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average pliers and pincers export price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

Pliers And Pincers Imports

Imports into Panama

For the sixth consecutive year, Panama recorded decline in supplies from abroad of pliers, pincers and tweezers for nonmedical use, which decreased by X% to X tons in 2022. Over the period under review, imports saw a abrupt setback. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pliers and pincers imports declined to $X in 2022. In general, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Free Zones (X tons) and the United States (X tons) were the main suppliers of pliers and pincers imports to Panama, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Free Zones (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, China ($X), Free Zones ($X) and the United States ($X) were the largest pliers and pincers suppliers to Panama, with a combined X% share of total imports.

Among the main suppliers, Free Zones, 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 a decline.

Import Prices by Country

In 2022, the average pliers and pincers import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price saw a moderate increase. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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