Panama: Non-Electric Chainsaw Market 2024

Non-Electric Chainsaw Market Size in Panama

The Panamanian non-electric chainsaw market fell markedly to $X in 2022, which is down by -58.7% against the previous year. Overall, consumption, however, continues to indicate a resilient expansion. Non-electric chainsaw consumption peaked at $X in 2021, and then fell significantly in the following year.

Non-Electric Chainsaw Production in Panama

In value terms, non-electric chainsaw production amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with a decrease of 99.9% against the previous year. Non-electric chainsaw production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Non-Electric Chainsaw Exports

Exports from Panama

In 2022, after two years of growth, there was significant decline in shipments abroad of chainsaws with a self-contained non-electric motor, when their volume decreased by -30.1% to X units. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 734% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-electric chainsaw exports declined notably to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,317%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belize (X units) was the main destination for non-electric chainsaw exports from Panama, accounting for a 85% share of total exports. Moreover, non-electric chainsaw exports to Belize exceeded the volume sent to the second major destination, Nicaragua (X units), more than tenfold. Barbados (X units) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume to Belize stood at +50.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (0.0% per year) and Barbados (+754.4% per year).

In value terms, Belize ($X) emerged as the key foreign market for chainsaws with a self-contained non-electric motor exports from Panama, comprising 81% of total exports. The second position in the ranking was held by Nicaragua ($X), with an 11% share of total exports. It was followed by Barbados, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belize stood at +39.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (0.0% per year) and Barbados (+688.5% per year).

Export Prices by Country

In 2022, the average non-electric chainsaw export price amounted to $X per unit, with an increase of 5.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 70%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Grenada ($X per unit), while the average price for exports to Guyana ($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 Colombia (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Chainsaw Imports

Imports into Panama

Non-electric chainsaw imports into Panama fell dramatically to X units in 2022, which is down by -56.4% against the year before. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 250%. Imports peaked at X units in 2021, and then shrank significantly in the following year.

In value terms, non-electric chainsaw imports shrank notably to $X in 2022. Overall, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 266% against the previous year. Imports peaked at $X in 2021, and then fell notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-electric chainsaw to Panama, with a 54% share of total imports. Moreover, non-electric chainsaw imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), threefold. The third position in this ranking was held by Germany (X units), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+42.8% per year) and Germany (+39.5% per year).

In value terms, China ($X) constituted the largest supplier of chainsaws with a self-contained non-electric motor to Panama, comprising 54% of total imports. The second position in the ranking was taken by Brazil ($X), with a 21% share of total imports. It was followed by Germany, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+41.8% per year) and Germany (+37.9% per year).

Import Prices by Country

The average non-electric chainsaw import price stood at $X per unit in 2022, growing by 14% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and Free Zones ($X per unit), while the price for Germany ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform