Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Panama - 2022
Contents:
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Panama (CIF) - 2022
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Panama (FOB) - 2022
- Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Panama
- Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Panama
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Panama (CIF) - 2022
The average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $1,435 per unit in 2022, approximately equating the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 37% against the previous year. As a result, import price attained the peak level of $2,118 per unit. From 2014 to 2022, the average import prices remained 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 the United States ($1,895 per unit), while the price for Finland ($474 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Panama (FOB) - 2022
In 2022, the average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $517 per unit, declining by -11.9% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 84%. The export price peaked at $1,115 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($827 per unit), while the average price for exports to Nicaragua ($16 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 Suriname (+54.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Panama
In 2022, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs into Panama rose significantly to 519 units, growing by 5.1% on 2021. Over the period under review, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. Over the period under review, imports of hit record highs at 805 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs expanded to $745K in 2022. In general, imports, however, continue to indicate a drastic downturn. Over the period under review, imports of hit record highs at $1.2M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 247 | 213 | 185 | 189 | -8.5% |
| Suriname | N/A | N/A | 126 | 122 | -3.2% |
| Germany | 6.6 | 6.4 | 15.9 | 96.1 | 144.2% |
| China | 330 | 161 | 113 | 77.5 | -38.3% |
| United States | 174 | 91.6 | 91.8 | 64.4 | -28.2% |
| Free Zones | 65.8 | 19.6 | 24.7 | 40.0 | -15.3% |
| Costa Rica | 3.9 | 0.6 | 0.1 | 21.9 | 77.7% |
| Chile | 18.5 | 18.1 | 18.0 | 20.9 | 4.1% |
| United Kingdom | 35.6 | 26.8 | 20.3 | 18.1 | -20.2% |
| Portugal | 16.0 | 14.2 | 12.7 | 14.4 | -3.5% |
| Italy | 67.5 | 2.4 | 1.2 | 7.2 | -52.6% |
| Finland | 2.0 | 1.1 | 4.1 | 7.1 | 52.5% |
| Mexico | 7.0 | 8.5 | 9.3 | 1.6 | -38.9% |
| Others | 248 | 196 | 91.4 | 64.9 | -36.0% |
| Total | 1,222 | 758 | 713 | 745 | -15.2% |
Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Panama in 2022:
- Australia (119.0 units)
- Suriname (96.0 units)
- Germany (61.0 units)
- China (49.0 units)
- United States (34.0 units)
- Costa Rica (30.0 units)
- Free Zones (25.0 units)
- Finland (15.0 units)
- Chile (14.0 units)
- United Kingdom (12.0 units)
- Portugal (10.0 units)
- Italy (6.0 units)
- Mexico (2.0 units)
Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Panama
For the fourth year in a row, Panama recorded growth in shipments abroad of weighing machines; having a maximum weighing capacity exceeding 5000kgs, which increased by 19% to 588 units in 2022. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 169% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs expanded rapidly to $304K in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 267% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Suriname | 0.1 | 0.1 | 140 | 131 | 994.2% |
| Cuba | 0.1 | 31.4 | 66.8 | 75.3 | 809.8% |
| Venezuela | 2.0 | 21.8 | 40.5 | 39.8 | 171.0% |
| Colombia | 10.6 | 10.1 | 2.5 | 20.7 | 25.0% |
| Honduras | 1.9 | 10.0 | 0.4 | 8.3 | 63.5% |
| Dominican Republic | 0.5 | 0.2 | 4.1 | 7.2 | 143.3% |
| Brazil | 1.3 | 4.0 | 7.0 | 6.5 | 71.0% |
| Costa Rica | 5.8 | 21.5 | 0.4 | 4.4 | -8.8% |
| Uruguay | 0.3 | 0.9 | 2.0 | 2.2 | 94.3% |
| Guyana | 1.4 | 1.6 | 0.7 | 0.5 | -29.1% |
| Nicaragua | 6.7 | 10.8 | 9.6 | N/A | 19.7% |
| Others | 6.9 | 25.8 | 15.6 | 7.7 | 3.7% |
| Total | 37.8 | 138 | 289 | 304 | 100.4% |
Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from Panama in 2022:
- Suriname (242.0 units)
- Cuba (140.0 units)
- Venezuela (75.0 units)
- Colombia (25.0 units)
- Honduras (17.0 units)
- Dominican Republic (16.0 units)
- Brazil (14.0 units)
- Uruguay (10.0 units)
- Costa Rica (9.0 units)
- Guyana (4.0 units)
- Nicaragua (1.0 units)
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