Panama: Market for Dentist And Barber Chairs 2024

Market Size for Dentist And Barber Chairs in Panama

In 2022, the Panamanian dentist or barber chair market increased by 156% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a dramatic contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Dentist And Barber Chairs

Exports from Panama

In 2022, exports of dentist and barber chairs from Panama soared to X units, rising by 25% against the previous year's figure. Over the period under review, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 603% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, dentist or barber chair exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of 722% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nicaragua (X units), El Salvador (X units) and Bolivia (X units) were the main destinations of dentist or barber chair exports from Panama, together comprising 90% of total exports. Belize lagged somewhat behind, accounting for a further 9.6%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belize (with a CAGR of +310.9%), while the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), Bolivia ($X) and Nicaragua ($X) constituted the largest markets for dentist or barber chair exported from Panama worldwide, together accounting for 98% of total exports. These countries were followed by Belize, which accounted for a further 2.4%.

In terms of the main countries of destination, Belize, with a CAGR of +448.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dentist or barber chair export price stood at $X per unit in 2022, with a decrease of -5.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2014 an increase of 36%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Belize ($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 Belize (+33.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dentist And Barber Chairs

Imports into Panama

In 2022, supplies from abroad of dentist and barber chairs increased by 97% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, showed a dramatic shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 165% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, dentist or barber chair imports soared to $X in 2022. Over the period under review, imports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 300%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and Free Zones (X units) were the main suppliers of dentist or barber chair imports to Panama, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Free Zones (with a CAGR of +102.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of dentist and barber chairs to Panama, comprising 59% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Brazil, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-25.5% per year) and Brazil (+25.9% per year).

Import Prices by Country

In 2022, the average dentist or barber chair import price amounted to $X per unit, growing by 20% against the previous year. In general, the import price saw a strong expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 160%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform