Panama - Household Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHousehold Hand Tools Price in Panama - 2023
Contents:
- Household Hand Tools Price in Panama (CIF) - 2023
- Household Hand Tools Price in Panama (FOB) - 2022
- Household Hand Tools Imports in Panama
- Household Hand Tools Exports in Panama
Household Hand Tools Price in Panama (CIF) - 2023
In September 2023, the average household hand tools import price amounted to $9,102 per ton, waning by -21.6% against the previous month. Overall, import price indicated slight growth from September 2022 to September 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, household hand tools import price increased by +52.0% against June 2023 indices. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 45% month-to-month. The import price peaked at $11,612 per ton in August 2023, and then reduced remarkably in the following month.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the highest price was recorded for prices from the United States ($9,877 per ton) and Free Zones ($9,446 per ton), while the price for Mexico ($7,494 per ton) and China ($8,640 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Household Hand Tools Price in Panama (FOB) - 2022
In 2022, the average household hand tools export price amounted to $21,397 per ton, leveling off at the previous year. In general, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 405% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Venezuela ($6,426 per ton) and the United States ($6,426 per ton), while the average price for exports to Guatemala ($6,285 per ton) and Colombia ($6,292 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Household Hand Tools Imports in Panama
In 2022, the amount of household hand tools imported into Panama dropped significantly to 70 tons, shrinking by -27.6% on the previous year. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 22%.
In value terms, household hand tools imports declined to $599K in 2022. In general, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 2.1%.
| Import of Household Hand Tools in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 708 | 304 | 164 | 195 | -34.9% |
| United States | 87.5 | 40.3 | 135 | 172 | 25.3% |
| Free Zones | 130 | 148 | 296 | 158 | 6.7% |
| Colombia | 0.4 | 0.2 | 0.7 | 11.8 | 209.0% |
| Spain | 43.9 | 12.4 | 7.7 | 2.9 | -59.6% |
| Mexico | 39.0 | 10.9 | 8.8 | 1.9 | -63.5% |
| Japan | N/A | 67.7 | N/A | N/A | 0% |
| Others | 57.0 | 79.8 | 64.5 | 57.9 | 0.5% |
| Total | 1,066 | 663 | 677 | 599 | -17.5% |
Top Suppliers of Household Hand Tools to Panama in 2022:
- China (27.9 tons)
- Free Zones (23.2 tons)
- United States (13.3 tons)
- Colombia (3.5 tons)
- Spain (0.3 tons)
- Mexico (0.1 tons)
Household Hand Tools Exports in Panama
In 2022, the amount of household hand tools exported from Panama was estimated at 21 tons, almost unchanged from the year before. Over the period under review, exports saw a sharp decline. The smallest decline of -5% was in 2020.
In value terms, household hand tools exports stood at $456K in 2022. In general, exports recorded a significant decline. The smallest decline of -2.5% was in 2020.
| Export of Household Hand Tools in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 191 | 149 | 21.9 | 25.2 | -49.1% |
| Dominican Republic | 173 | 142 | 20.4 | 23.4 | -48.7% |
| Colombia | 91.3 | 84.5 | 16.8 | 18.2 | -41.6% |
| Nicaragua | 58.8 | 114 | 16.5 | 17.9 | -32.7% |
| Honduras | 73.4 | 43.7 | 8.0 | 8.8 | -50.7% |
| United States | 36.5 | 42.6 | 6.2 | 6.7 | -43.2% |
| Venezuela | 23.1 | 42.0 | 6.1 | 6.6 | -34.1% |
| Ecuador | 21.8 | 28.9 | 4.2 | 4.6 | -40.5% |
| Chile | 9.1 | 26.4 | 3.8 | 4.2 | -22.7% |
| Guatemala | 24.8 | 14.0 | 3.5 | 3.8 | -46.5% |
| Free Zones | 30.9 | 21.1 | 3.2 | 3.8 | -50.3% |
| El Salvador | 19.1 | 13.9 | 2.1 | 2.4 | -49.9% |
| Trinidad and Tobago | 15.7 | 13.4 | 1.9 | 2.2 | -48.1% |
| Others | 167 | 176 | -114.8 | 328 | 25.2% |
| Total | 935 | 912 | N/A | 456 | -21.3% |
Top Export Markets for Household Hand Tools from Panama in 2022:
- Costa Rica (4.0 tons)
- Dominican Republic (3.7 tons)
- Colombia (2.9 tons)
- Nicaragua (2.8 tons)
- Honduras (1.4 tons)
- United States (1.0 tons)
- Venezuela (1.0 tons)
- Ecuador (0.7 tons)
- Guatemala (0.6 tons)
- Chile (0.6 tons)
- Free Zones (0.6 tons)
- El Salvador (0.4 tons)
- Trinidad and Tobago (0.3 tons)
This report provides an in-depth analysis of the household hand tools 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 25733065 - Household hand tools
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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