Panama - Mechano-Therapy Appliances And Massage Apparatus - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMechano-Therapy Appliances Price in Panama - 2024
Contents:
- Mechano-Therapy Appliances Price in Panama (CIF) - 2022
- Mechano-Therapy Appliances Price in Panama (FOB) - 2022
- Mechano-Therapy Appliances Imports in Panama
- Mechano-Therapy Appliances Exports in Panama
Mechano-Therapy Appliances Price in Panama (CIF) - 2022
The average mechano-therapy appliances import price stood at $11 per unit in 2022, picking up by 7.3% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 an increase of 28%. The import price peaked at $14 per unit in 2019; however, from 2020 to 2022, import prices remained at a 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 the United States ($16 per unit), while the price for Italy ($6.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Mechano-Therapy Appliances Price in Panama (FOB) - 2022
The average mechano-therapy appliances export price stood at $32 per unit in 2022, remaining constant against the previous year. Over the period under review, the export price saw buoyant growth. The growth pace was the most rapid in 2013 when the average export price increased by 142%. Over the period under review, the average export prices reached the maximum at $38 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Nicaragua ($29 per unit) and the Dominican Republic ($28 per unit), while the average price for exports to El Salvador ($23 per unit) and Mexico ($23 per unit) were 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 (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Mechano-Therapy Appliances Imports in Panama
In 2022, imports of mechano-therapy appliances and massage apparatus into Panama surged to 257K units, rising by 16% against 2021 figures. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 46%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, mechano-therapy appliances imports soared to $2.9M in 2022. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2021 when imports increased by 43%. Imports peaked at $3.1M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Mechano-Therapy Appliances in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 961 | 582 | 1,005 | 831 | -4.7% |
| Germany | 23.4 | 19.6 | 4.6 | 719 | 213.2% |
| United States | 945 | 383 | 470 | 420 | -23.7% |
| Free Zones | 271 | 107 | 455 | 404 | 14.2% |
| South Korea | 14.2 | 12.1 | 51.1 | 89.4 | 84.7% |
| Colombia | 57.9 | 28.4 | 60.5 | 64.1 | 3.4% |
| Italy | 84.0 | 48.3 | 58.4 | 60.5 | -10.4% |
| Hong Kong SAR | 51.3 | 161 | 15.7 | 33.9 | -12.9% |
| Others | 725 | 288 | 205 | 271 | -28.0% |
| Total | 3,133 | 1,630 | 2,325 | 2,893 | -2.6% |
Top Suppliers of Mechano-Therapy Appliances to Panama in 2022:
- China (104.5K units)
- Germany (45.4K units)
- Free Zones (41.5K units)
- United States (25.6K units)
- Italy (9.6K units)
- South Korea (7.7K units)
- Colombia (7.5K units)
- Hong Kong SAR (2.5K units)
Mechano-Therapy Appliances Exports in Panama
Mechano-therapy appliances exports from Panama stood at 8.2K units in 2022, stabilizing at the previous year. Overall, exports showed a dramatic downturn. The smallest decline of -24.8% was in 2020. The exports peaked at 22K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, mechano-therapy appliances exports amounted to $268K in 2022. Over the period under review, exports recorded a sharp shrinkage. The smallest decline of -27.6% was in 2020. Over the period under review, the exports reached the maximum at $739K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Mechano-Therapy Appliances in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 345 | 224 | N/A | 118 | -30.1% |
| Guatemala | 4.4 | 66.9 | N/A | 26.9 | 82.9% |
| Costa Rica | 20.7 | 37.1 | N/A | 14.9 | -10.4% |
| Uruguay | 6.4 | 21.3 | N/A | 8.6 | 10.4% |
| Chile | 34.9 | 4.7 | N/A | 7.0 | -41.5% |
| Nicaragua | 18.7 | 5.8 | N/A | 6.3 | -30.4% |
| El Salvador | 1.9 | 13.1 | N/A | 5.3 | 40.8% |
| Venezuela | 18.8 | 9.5 | N/A | 5.2 | -34.8% |
| Mexico | 2.4 | 12.2 | N/A | 4.9 | 26.9% |
| Dominican Republic | 18.8 | 0.7 | N/A | 3.8 | -41.3% |
| Argentina | N/A | 49.1 | N/A | N/A | 0% |
| Others | 267 | 90.9 | N/A | 67.0 | -36.9% |
| Total | 739 | 535 | N/A | 268 | -28.7% |
Top Export Markets for Mechano-Therapy Appliances from Panama in 2022:
- Colombia (4431.0 units)
- Guatemala (990.0 units)
- Costa Rica (529.0 units)
- Uruguay (323.0 units)
- Chile (258.0 units)
- El Salvador (229.0 units)
- Nicaragua (220.0 units)
- Mexico (211.0 units)
- Venezuela (187.0 units)
- Dominican Republic (134.0 units)
This report provides an in-depth analysis of the mechano-therapy appliances 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 32502130 - Mechano-therapy appliances, massage apparatus, p sychological aptitude-testing apparatus (excluding wholly stationary mechano-therapy apparatus)
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.
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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
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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
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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
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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
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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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