Panama: Medical Ultraviolet Market 2025

Medical Ultraviolet Market Size in Panama

The Panamanian medical ultraviolet market shrank rapidly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market reached the peak level at $X in 2021, and then declined remarkably in the following year.

Medical Ultraviolet Production in Panama

In value terms, medical ultraviolet production shrank to $X in 2022 estimated in export price. Overall, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Medical Ultraviolet Exports

Exports from Panama

In 2022, approx. X kg of medical ultraviolet or infrared apparatus were exported from Panama; declining by X% compared with the year before. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X kg in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, medical ultraviolet exports fell significantly to $X in 2022. Overall, exports recorded a perceptible decline. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X kg), the United States (X kg) and Honduras (X kg) were the main destinations of medical ultraviolet exports from Panama, together accounting for X% of total exports.

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

In value terms, the largest markets for medical ultraviolet exported from Panama were Ecuador ($X), Chile ($X) and Uruguay ($X), with a combined X% share of total exports.

Chile, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 medical ultraviolet export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 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 Trinidad and Tobago ($X per ton), while the average price for exports to the United States ($X per ton) 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.

Medical Ultraviolet Imports

Imports into Panama

In 2022, after two years of growth, there was significant decline in overseas purchases of medical ultraviolet or infrared apparatus, when their volume decreased by X% to X tons. In general, imports saw a abrupt downturn. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, medical ultraviolet imports reduced markedly to $X in 2022. Overall, imports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank sharply in the following year.

Imports by Country

The United States (X tons), Italy (X tons) and Colombia (X kg) were the main suppliers of medical ultraviolet imports to Panama, together comprising X% of total imports.

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

In value terms, the largest medical ultraviolet suppliers to Panama were the United States ($X), Italy ($X) and Colombia ($X), with a combined X% share of total imports.

The United States, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average medical ultraviolet import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform