Panama: Spectrometers And Spectrophotometers Market 2025

Spectrometers And Spectrophotometers Market Size in Panama

The Panamanian spectrometers and spectrophotometers market rose markedly to $X in 2022, picking up by X% against the previous year. In general, consumption, however, recorded a abrupt decrease. Spectrometers and spectrophotometers consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Spectrometers And Spectrophotometers Production in Panama

In value terms, spectrometers and spectrophotometers production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Spectrometers And Spectrophotometers Exports

Exports from Panama

In 2022, shipments abroad of spectrometers and spectrophotometers decreased by X% to X units, falling for the second consecutive year after two years of decline. Overall, exports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, spectrometers and spectrophotometers exports stood at $X in 2022. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2014 when exports increased by X% 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), the United States (X units) and Colombia (X units) were the main destinations of spectrometers and spectrophotometers exports from Panama, together comprising X% of total exports.

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

It was followed by the Dominican Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

The average spectrometers and spectrophotometers export price stood at $X per unit in 2022, approximately mirroring the previous year. Overall, the export price continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Spain ($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 Trinidad and Tobago (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectrometers And Spectrophotometers Imports

Imports into Panama

In 2022, imports of spectrometers and spectrophotometers into Panama soared to X units, rising by X% against 2021 figures. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, spectrometers and spectrophotometers imports surged to $X in 2022. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of spectrometers and spectrophotometers to Panama, accounting for a X% share of total imports. Moreover, spectrometers and spectrophotometers imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Malaysia (X units), with a X% share.

From 2013 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Malaysia (X% per year).

In value terms, the largest spectrometers and spectrophotometers suppliers to Panama were the United States ($X), Germany ($X) and Malaysia ($X), together accounting for X% of total imports.

Malaysia, with a CAGR of X%, saw the highest growth rate of 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

The average spectrometers and spectrophotometers import price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price saw a significant increase. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform