Panama: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in Panama

The Panamanian continuous-action elevators and conveyors market was estimated at $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Continuous-action elevators and conveyors consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Continuous-Action Elevators And Conveyors in Panama

In value terms, continuous-action elevators and conveyors production rose significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Continuous-action elevators and conveyors production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Continuous-Action Elevators And Conveyors

Exports from Panama

In 2022, the amount of continuous-action elevators and conveyors exported from Panama skyrocketed to X units, picking up by X% on 2021. Over the period under review, exports, however, showed a abrupt downturn. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, continuous-action elevators and conveyors exports soared to $X in 2022. Overall, exports, however, continue to indicate a drastic downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X units), Jamaica (X units) and Colombia (X units) were the main destinations of continuous-action elevators and conveyors exports from Panama, together comprising X% of total exports. Guyana, the United States, Belize, Venezuela, Chile, El Salvador, Cuba, Barbados and Costa Rica lagged somewhat behind, together accounting for a further X%. Moreover, continuous-action elevators and conveyors exports in the Dominican Republic exceeded the figures recorded by the second-largest exporter, Jamaica, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X), Colombia ($X) and Venezuela ($X) were the largest markets for continuous-action elevators and conveyors exported from Panama worldwide, together comprising X% of total exports. Jamaica, Costa Rica, El Salvador, the United States, Chile, Cuba, Guyana, Belize and Barbados lagged somewhat behind, together comprising a further X%.

Chile, with a CAGR of X%, recorded the highest growth rate of 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 continuous-action elevators and conveyors export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, saw a noticeable descent. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 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 Costa Rica ($X per unit), while the average price for exports to Barbados ($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 Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Continuous-Action Elevators And Conveyors

Imports into Panama

In 2022, overseas purchases of continuous-action elevators and conveyors were finally on the rise to reach X units after three years of decline. Over the period under review, imports posted a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, continuous-action elevators and conveyors imports reduced rapidly to $X in 2022. Overall, imports posted a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Nicaragua (X units) constituted the largest supplier of continuous-action elevators and conveyors to Panama, with a X% share of total imports. Moreover, continuous-action elevators and conveyors imports from Nicaragua exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. The third position in this ranking was taken by Spain (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of continuous-action elevators and conveyors to Panama, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by South Korea, 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: Colombia (X% per year) and South Korea (X% per year).

Import Prices by Country

The average continuous-action elevators and conveyors import price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the import price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per unit), while the price for Nicaragua ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform