Panama: Vices And Clamps Market 2025

Vices And Clamps Market Size in Panama

The Panamanian vices and clamps market reduced to $X in 2022, with a decrease of -3% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Vices And Clamps Production in Panama

In value terms, vices and clamps production amounted to $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 71%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Vices And Clamps Exports

Exports from Panama

Vices and clamps exports from Panama reduced markedly to X tons in 2022, waning by -15.1% against 2021. Over the period under review, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of 527% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, vices and clamps exports reduced to $X in 2022. In general, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 when exports increased by 465% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Jamaica (X tons) was the main destination for vices and clamps exports from Panama, with a 61% share of total exports. Moreover, vices and clamps exports to Jamaica exceeded the volume sent to the second major destination, Belize (X tons), twofold. The third position in this ranking was taken by Barbados (X kg), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jamaica amounted to +31.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belize (+16.7% per year) and Barbados (+36.5% per year).

In value terms, the largest markets for vices and clamps exported from Panama were Jamaica ($X), Suriname ($X) and Barbados ($X), with a combined 63% share of total exports.

Barbados, with a CAGR of +42.7%, recorded the highest growth rate of the value of exports, in terms of 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 vices and clamps export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 19%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Suriname ($X per ton), while the average price for exports to Jamaica ($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 Venezuela (+53.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vices And Clamps Imports

Imports into Panama

In 2022, the amount of vices and clamps imported into Panama reduced notably to X tons, with a decrease of -35.2% compared with the previous year. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 203% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, vices and clamps imports reduced markedly to $X in 2022. In general, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2017 when imports increased by 456%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Free Zones (X tons) were the main suppliers of vices and clamps imports to Panama, together accounting for 86% 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 +47.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), China ($X) and Free Zones ($X) were the largest vices and clamps suppliers to Panama, together accounting for 84% of total imports.

The United States, with a CAGR of +52.2%, saw 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 vices and clamps import price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 84%. The import price peaked at $X per ton in 2019; however, from 2020 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 India ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform