Panama: Printing Press Market 2024

Printing Press Market Size in Panama

The Panamanian printing press market contracted rapidly to $X in 2022, declining by -73% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a abrupt contraction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Printing Press Exports

Exports from Panama

In 2022, printing press exports from Panama fell dramatically to X units, reducing by -22% on the year before. In general, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 232% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, printing press exports shrank dramatically to $X in 2022. Overall, exports recorded a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 203% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Guatemala (X units), Colombia (X units) and Ecuador (X units) were the main destinations of printing press exports from Panama, with a combined 53% share 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 Guatemala (with a CAGR of +27.1%), while the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X), Brazil ($X) and Costa Rica ($X) constituted the largest markets for printing press exported from Panama worldwide, with a combined 81% share of total exports.

Brazil, with a CAGR of +39.4%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average printing press export price amounted to $X per unit, shrinking by -21% against the previous year. Over the period under review, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2020 when the average export price increased by 100%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to the Dominican Republic ($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 Brazil (+14.8%), while the prices for the other major destinations experienced mixed trend patterns.

Printing Press Imports

Imports into Panama

In 2022, imports of printing presses into Panama shrank remarkably to X units, with a decrease of -68.5% on the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 230% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, printing press imports shrank markedly to $X in 2022. In general, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2017 when imports increased by 512%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Free Zones (X units) constituted the largest printing press supplier to Panama, with a 56% share of total imports. Moreover, printing press imports from Free Zones exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. China (X units) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Free Zones totaled +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.1% per year) and China (-5.0% per year).

In value terms, Brazil ($X), Free Zones ($X) and Germany ($X) were the largest printing press suppliers to Panama, together comprising 83% of total imports.

Free Zones, with a CAGR of +35.2%, recorded 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 printing press import price stood at $X per unit in 2022, picking up by 59% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The growth pace was the most rapid in 2017 when the average import price increased by 85% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+672.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform