Report Update Feb 1, 2025

Panama - Mounted Lenses, Prisms and Mirrors - Market Analysis, Forecast, Size, Trends and Insights

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Panama: Mounted Lens Market 2025

Mounted Lens Market Size in Panama

The Panamanian mounted lens market dropped markedly to $X in 2022, which is down by -53.6% against the previous year. In general, consumption recorded a precipitous curtailment. Mounted lens consumption peaked at $X in 2021, and then declined rapidly in the following year.

Mounted Lens Production in Panama

In value terms, mounted lens production contracted notably to $X in 2022 estimated in export price. In general, production, however, faced a dramatic decline. Over the period under review, production attained the peak level at $X in 2021, and then contracted markedly in the following year.

Mounted Lens Exports

Exports from Panama

For the eleventh consecutive year, Panama recorded growth in overseas shipments of mounted lenses, prisms and mirrors, which increased by 0.9% to X units in 2022. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mounted lens exports dropped rapidly to $X in 2022. In general, exports, however, faced a abrupt contraction. The growth pace was the most rapid in 2013 when exports increased by 522% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Switzerland (X units) was the main destination for mounted lens exports from Panama, accounting for a 89% share of total exports. It was followed by Ecuador (X units), with a 2.5% share of total exports.

From 2021 to 2022, the average annual rate of growth in terms of volume to Switzerland stood at -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+77.5% per year) and Guatemala (+9.1% per year).

In value terms, Switzerland ($X) remains the key foreign market for mounted lenses, prisms and mirrors exports from Panama, comprising 90% of total exports. The second position in the ranking was held by Ecuador ($X), with a 1.8% share of total exports.

From 2021 to 2022, the average annual rate of growth in terms of value to Switzerland stood at -27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-36.5% per year) and Guatemala (-20.3% per year).

Export Prices by Country

The average mounted lens export price stood at $X per unit in 2022, waning by -28.7% against the previous year. Overall, the export price continues to indicate a dramatic decrease. The export price peaked at $X per unit in 2021, and then contracted rapidly in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Ecuador ($X per unit) was amongst the lowest.

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-26.4%), while the prices for the other major destinations experienced a decline.

Mounted Lens Imports

Imports into Panama

In 2022, approx. X units of mounted lenses, prisms and mirrors were imported into Panama; declining by -69.4% compared with 2021. Over the period under review, imports recorded a precipitous shrinkage. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, mounted lens imports contracted sharply to $X in 2022. In general, imports showed a deep setback. The pace of growth appeared the most rapid in 2018 when imports increased by 72%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), Free Zones (X units) and China (X units) were the main suppliers of mounted lens imports to Panama, with a combined 54% share of total imports. Malaysia, Germany, Belgium, Italy, Taiwan (Chinese), Mexico and France lagged somewhat behind, together comprising a further 44%.

From 2020 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +73.2%), 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) appeared to be the largest mounted lens suppliers to Panama, together comprising 55% of total imports. Germany, Malaysia, Belgium, Taiwan (Chinese), Italy, Mexico and France lagged somewhat behind, together comprising a further 42%.

Taiwan (Chinese), with a CAGR of +312.6%, recorded the highest rates of growth with regard to the value of imports, among 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 mounted lens import price amounted to $X per unit, surging by 1.7% against the previous year. Over the period under review, the import price recorded a significant increase. The most prominent rate of growth was recorded in 2021 an increase of 367% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+548.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the mounted lens market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26702155 - Mounted lenses, prisms, mirrors, etc., of any material, n.e.c.

Country coverage:

Panama

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Panama
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024