Panama: Thread Rolling Machine Market 2024

Thread Rolling Machine Market Size in Panama

The Panamanian thread rolling machine market stood at $X in 2022, with an increase of 4.4% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Thread Rolling Machine Production in Panama

In value terms, thread rolling machine production amounted to $X in 2022 estimated in export price. In general, production, however, showed a sharp shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by 39% against the previous year. Thread rolling machine production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Thread Rolling Machine Exports

Exports from Panama

In 2022, thread rolling machine exports from Panama was estimated at X units, leveling off at the previous year's figure. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 67% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, thread rolling machine exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2019 with an increase of 206% 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

The United States (X units), Colombia (X units) and Trinidad and Tobago (X units) were the main destinations of thread rolling machine exports from Panama, with a combined 60% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X) remains the key foreign market for thread rolling machines for working metal, sintered metal carbides or cermets exports from Panama, comprising 53% of total exports. The second position in the ranking was held by Colombia ($X), with a 22% share of total exports. It was followed by Trinidad and Tobago, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Venezuela stood at -19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-13.0% per year) and Trinidad and Tobago (-13.5% per year).

Export Prices by Country

In 2022, the average thread rolling machine export price amounted to $X per unit, growing by 53% against the previous year. Over the period under review, the export price, however, showed a precipitous slump. The most prominent rate of growth was recorded in 2019 an increase of 206% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 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 Venezuela ($X per unit), while the average price for exports to Costa Rica ($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 Colombia (-13.0%), while the prices for the other major destinations experienced a decline.

Thread Rolling Machine Imports

Imports into Panama

In 2022, imports of thread rolling machines for working metal, sintered metal carbides or cermets into Panama soared to X units, rising by 100% on the year before. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 150%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, thread rolling machine imports soared to $X in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 1,238% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest thread rolling machine supplier to Panama, with a 75% share of total imports. Moreover, thread rolling machine imports from China exceeded the figures recorded by the second-largest supplier, Free Zones (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +11.6%.

In value terms, China ($X) constituted the largest supplier of thread rolling machines for working metal, sintered metal carbides or cermets to Panama, comprising 100% of total imports. The second position in the ranking was held by Free Zones ($X), with a 0.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +60.2%.

Import Prices by Country

In 2022, the average thread rolling machine import price amounted to $X per unit, surging by 131% against the previous year. In general, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 an increase of 1,238%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 China ($X per unit), while the price for Free Zones totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+94.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform