Panama: Pump For Liquid Market 2024

Pump For Liquid Market Size in Panama

In 2022, after three years of decline, there was significant growth in the Panamanian pump for liquid market, when its value increased by X% to $X. Over the period under review, consumption, however, showed resilient growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Pump For Liquid Exports

Exports from Panama

In 2022, shipments abroad of pumps for liquids and liquid elevators decreased by X% to X units, falling for the second year in a row after two years of growth. In general, exports showed a deep downturn. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, pump for liquid exports totaled $X in 2022. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Cuba (X units), Venezuela (X units) and the United States (X units) were the main destinations of pump for liquid exports from Panama, together accounting for X% of total exports. Honduras, Ecuador, Costa Rica, Angola, Colombia, the Dominican Republic, El Salvador, Haiti, Belgium 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 Angola (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

It was followed by Angola, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Cuba stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and Angola (X% per year).

Export Prices by Country

In 2022, the average pump for liquid export price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate strong growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average 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 Cuba ($X per unit), while the average price for exports to El Salvador ($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 Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Panama

In 2022, purchases abroad of pumps for liquids and liquid elevators decreased by X% to X units, falling for the fourth consecutive year after two years of growth. Overall, imports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, pump for liquid imports rose remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Free Zones (X units) were the main suppliers of pump for liquid imports to Panama, with a combined X% share 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 more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of pumps for liquids and liquid elevators to Panama, comprising X% of total imports. The second position in the ranking was taken by Free Zones ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average pump for liquid import price amounted to $X per unit, jumping by X% against the previous year. In general, the import price saw a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 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 ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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