Panama - Side Cars and Cycles with Non-Combustion Motors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPanama: Market for Side Cars and Cycles with Non-Combustion Motors 2024
Market Size for Side Cars and Cycles with Non-Combustion Motors in Panama
In 2022, the Panamanian market for side cars and cycles with non-combustion motors was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption enjoyed a significant expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.
Exports of Side Cars and Cycles with Non-Combustion Motors
Exports from Panama
In 2022, after two years of growth, there was significant decline in shipments abroad of side cars and cycles with non-combustion motors, when their volume decreased by X% to X units. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then dropped significantly in the following year.
In value terms, exports of side cars and cycles with non-combustion motors dropped rapidly to $X in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports of reached the peak figure at $X in 2021, and then contracted sharply in the following year.
Exports by Country
Costa Rica (X units) was the main destination for exports of side cars and cycles with non-combustion motors from Panama, with a X% share of total exports. Moreover, exports of side cars and cycles with non-combustion motors to Costa Rica exceeded the volume sent to the second major destination, Aruba (X units), more than tenfold. Guyana (X units) ranked third in terms of total exports with a X% share.
From 2012 to 2022, the average annual growth rate of volume to Costa Rica totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (X% per year) and Guyana (X% per year).
In value terms, Costa Rica ($X) emerged as the key foreign market for side cars and cycles with non-combustion motors exports from Panama, comprising X% of total exports. The second position in the ranking was held by Aruba ($X), with a X% share of total exports. It was followed by Bahamas, with a X% share.
From 2012 to 2022, the average annual rate of growth in terms of value to Costa Rica totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (X% per year) and Bahamas (X% per year).
Export Prices by Country
The average export price for side cars and cycles with non-combustion motors stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to Uruguay ($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.
Imports of Side Cars and Cycles with Non-Combustion Motors
Imports into Panama
In 2022, overseas purchases of side cars and cycles with non-combustion motors were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a remarkable increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of side cars and cycles with non-combustion motors surged to $X in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Imports by Country
In 2022, China (X units) constituted the largest side car and cycle with non-combustion motor supplier to Panama, with a X% share of total imports. Moreover, imports of side cars and cycles with non-combustion motors from China exceeded the figures recorded by the second-largest supplier, Free Zones (X units), threefold. The third position in this ranking was held by the United States (X units), with a X% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (X% per year) and the United States (X% per year).
In value terms, China ($X) constituted the largest supplier of side cars and cycles with non-combustion motors to Panama, comprising X% of total imports. The second position in the ranking was held by Free Zones ($X), with a X% share of total imports. It was followed by the United States, with a X% share.
From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (X% per year) and the United States (X% per year).
Import Prices by Country
In 2022, the average import price for side cars and cycles with non-combustion motors amounted to $X per unit, picking up by X% against the previous year. In general, import price indicated a pronounced increase 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, import price for side cars and cycles with non-combustion motors increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Free Zones ($X per unit) and the United States ($X per unit), while the price for Germany ($X per unit) and China ($X per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for side car and cycle with non-combustion motor in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 30911300 - Side cars for motorcycles, cycles with auxiliary motors other than reciprocating internal combustion piston engine
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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