Panama: Household Dishwashing Machine Market 2025

Household Dishwashing Machine Market Size in Panama

The Panamanian household dishwashing machine market rose notably to $X in 2022, with an increase of 10% against the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Household Dishwashing Machine Production in Panama

In value terms, household dishwashing machine production rose remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.1% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 57%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Household Dishwashing Machine Exports

Exports from Panama

After two years of decline, shipments abroad of household dishwashing machines increased by 144% to X units in 2022. In general, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2015 when exports increased by 185% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, household dishwashing machine exports soared to $X in 2022. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when exports increased by 197%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X units), the Dominican Republic (X units) and Aruba (X units) were the main destinations of household dishwashing machine exports from Panama, with a combined 36% share of total exports. Guatemala, Colombia, Honduras, Cuba, Suriname, El Salvador, Costa Rica, Guyana, Curacao and Barbados lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +40.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X), the Dominican Republic ($X) and Aruba ($X) appeared to be the largest markets for household dishwashing machine exported from Panama worldwide, together comprising 37% of total exports. Guatemala, Colombia, Suriname, Honduras, Cuba, El Salvador, Barbados, Curacao, Costa Rica and Guyana lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, Guatemala, with a CAGR of +39.7%, recorded the highest rates of growth with regard to 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

In 2022, the average household dishwashing machine export price amounted to $X per unit, rising by 11% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 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 Suriname ($X per unit), while the average price for exports to Costa Rica ($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 Barbados (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Household Dishwashing Machine Imports

Imports into Panama

In 2022, the amount of household dishwashing machines imported into Panama contracted to X units, falling by -5.7% compared with 2021 figures. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2015 with an increase of 508% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, household dishwashing machine imports stood at $X in 2022. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2015 with an increase of 463% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), Free Zones (X units) and China (X units) were the main suppliers of household dishwashing machine imports to Panama, with a combined 74% share of total imports. South Korea, Thailand and Italy lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +54.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Free Zones ($X) and China ($X) constituted the largest household dishwashing machine suppliers to Panama, with a combined 74% share of total imports.

Free Zones, with a CAGR of +59.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average household dishwashing machine import price stood at $X per unit in 2022, picking up by 7.1% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per unit) and South Korea ($X per unit), while the price for Thailand ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform