Panama: Market for Machines For The Manufacture Of Flat Panel Displays 2024

Market Size for Machines For The Manufacture Of Flat Panel Displays in Panama

The Panamanian panel display manufacturing machine market stood at $X in 2022, flattening at the previous year. Overall, consumption, however, continues to indicate a sharp curtailment. Panel display manufacturing machine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Machines For The Manufacture Of Flat Panel Displays in Panama

In value terms, panel display manufacturing machine production totaled less than $X in 2022 estimated in export price. In general, production, however, saw a dramatic contraction. The pace of growth appeared the most rapid in 2016 when the production volume decreased by X%. Panel display manufacturing machine production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from Panama

Panel display manufacturing machine exports from Panama was estimated at X units in 2022, flattening at the previous year's figure. In general, exports saw a precipitous decline. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, panel display manufacturing machine exports totaled $X in 2022. Over the period under review, exports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units), Guatemala (X units) and Nicaragua (X units) were the main destinations of panel display manufacturing machine exports from Panama, together accounting for X% of total exports. The Dominican Republic, Ecuador, Costa Rica and Venezuela lagged somewhat behind, together comprising a further X%. Moreover, panel display manufacturing machine exports in Colombia exceeded the figures recorded by the second-largest exporter, Guatemala, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of X%), while the other leaders experienced a decline.

It was followed by Ecuador, with a X% share.

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

Export Prices by Country

In 2022, the average panel display manufacturing machine export price amounted to $X per unit, standing approx. at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Venezuela ($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 Colombia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into Panama

For the fourth year in a row, Panama recorded decline in overseas purchases of machines for the manufacture of flat panel displays, which decreased by X% to X units in 2022. Over the period under review, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, panel display manufacturing machine imports totaled $X in 2022. In general, imports saw a precipitous curtailment. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units) and China (X units) were the main suppliers of panel display manufacturing machine imports to Panama.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%).

In value terms, the United States ($X) constituted the largest supplier of machines for the manufacture of flat panel displays to Panama, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%.

Import Prices by Country

In 2022, the average panel display manufacturing machine import price amounted to $X per unit, remaining constant against the previous year. In general, the import price enjoyed significant growth. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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