Panama: Food Mixer Market 2024

Food Mixer Market Size in Panama

The Panamanian food mixer market shrank dramatically to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Food Mixer Production in Panama

In value terms, food mixer production dropped to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Food mixer production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Food Mixer Exports

Exports from Panama

In 2022, shipments abroad of domestic food grinders and mixers and fruit or vegetable juice extractors decreased by X% to X units, falling for the third consecutive year after two years of growth. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, food mixer exports amounted to $X in 2022. In general, exports saw a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Guyana (X units) was the main destination for food mixer exports from Panama, with a X% share of total exports. Moreover, food mixer exports to Guyana exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by Chile (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guyana totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Chile (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for domestic food grinders and mixers and fruit or vegetable juice extractors exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Guyana ($X), with an X% share of total exports. It was followed by Barbados, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (X% per year) and Barbados (X% per year).

Export Prices by Country

In 2022, the average food mixer export price amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 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 the United States ($X per unit), while the average price for exports to Guyana ($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 Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Food Mixer Imports

Imports into Panama

For the third consecutive year, Panama recorded decline in overseas purchases of domestic food grinders and mixers and fruit or vegetable juice extractors, which decreased by X% to X units in 2022. Overall, imports saw a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, food mixer imports dropped dramatically to $X in 2022. In general, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Free Zones (X units), China (X units) and the United States (X units) were the main suppliers of food mixer imports to Panama, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Free Zones (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Free Zones ($X), China ($X) and the United States ($X) constituted the largest food mixer suppliers to Panama, with a combined X% share of total imports.

In terms of the main suppliers, Free Zones, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average food mixer import price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per unit) and the United States ($X per unit), while the price for Spain ($X per unit) and Free Zones ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :