Panama - Planes, Chisels And Gouges For Working Wood - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGouges and Chisels Price in Panama - 2023
Contents:
- Gouges and Chisels Price in Panama (CIF) - 2022
- Gouges and Chisels Price in Panama (FOB) - 2022
- Gouges and Chisels Imports in Panama
- Gouges and Chisels Exports in Panama
Gouges and Chisels Price in Panama (CIF) - 2022
In 2022, the average gouges and chisels import price amounted to $6,620 per ton, rising by 8% against the previous year. In general, the import price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2017 an increase of 104% against the previous year. Over the period under review, average import prices reached the peak figure at $11,658 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,968 per ton), while the price for China ($4,992 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Gouges and Chisels Price in Panama (FOB) - 2022
In 2022, the average gouges and chisels export price amounted to $6,208 per ton, falling by -16.7% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gouges and chisels export price increased by +1.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 29% against the previous year. Over the period under review, the average export prices hit record highs at $7,450 per ton in 2021, and then contracted sharply in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($10,421 per ton), while the average price for exports to Costa Rica ($1,623 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Gouges and Chisels Imports in Panama
In 2022, imports of planes, chisels and gouges for working wood into Panama dropped rapidly to 11 tons, with a decrease of -61.1% compared with 2021 figures. Over the period under review, imports faced a precipitous setback. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of 27 tons, and then fell rapidly in the following year.
In value terms, gouges and chisels imports dropped markedly to $70K in 2022. Overall, imports saw a precipitous descent. The smallest decline of -19.4% was in 2021.
Import of Gouges and Chisels in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 35.2 | 16.6 | 70.9 | 31.8 | -3.3% |
China | 188 | 157 | 57.6 | 21.2 | -51.7% |
Free Zones | N/A | N/A | N/A | 15.3 | 0% |
Hong Kong SAR | 11.4 | 10.9 | 11.6 | N/A | 0.9% |
South Korea | 14.3 | 0.5 | 4.3 | N/A | -45.2% |
India | 9.1 | 7.8 | 7.5 | N/A | -9.2% |
Others | 21.1 | 13.8 | 14.7 | 1.7 | -56.8% |
Total | 279 | 207 | 167 | 70.1 | -36.9% |
Top Suppliers of Gouges and Chisels to Panama in 2022:
- China (4.3 tons)
- United States (4.0 tons)
- Free Zones (2.1 tons)
Gouges and Chisels Exports in Panama
In 2022, after two years of decline, there was significant growth in overseas shipments of planes, chisels and gouges for working wood, when their volume increased by 441% to 17 tons. Overall, exports, however, saw a precipitous decline.
In value terms, gouges and chisels exports soared to $103K in 2022. In general, exports, however, faced a significant curtailment.
Export of Gouges and Chisels in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Argentina | 99.5 | 85.5 | 11.0 | 46.3 | -22.5% |
Honduras | 19.0 | 21.1 | 2.4 | 8.2 | -24.4% |
Colombia | 22.4 | 16.4 | 2.0 | 7.9 | -29.3% |
Venezuela | 10.8 | 10.1 | 1.4 | 6.5 | -15.6% |
Costa Rica | 7.0 | 10.0 | 0.3 | 4.0 | -17.0% |
Guatemala | 14.9 | 9.7 | 0.6 | 3.1 | -40.7% |
Trinidad and Tobago | 6.3 | 2.4 | 0.4 | 2.3 | -28.5% |
Others | 44.9 | 28.4 | 5.0 | 25.0 | -17.7% |
Total | 225 | 184 | 22.9 | 103 | -22.9% |
Top Export Markets for Gouges and Chisels from Panama in 2022:
- Argentina (5.7 tons)
- Costa Rica (2.4 tons)
- Guatemala (1.8 tons)
- Trinidad and Tobago (1.2 tons)
- Honduras (0.9 tons)
- Colombia (0.9 tons)
- Venezuela (0.8 tons)
This report provides an in-depth analysis of the gouges and chisels 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 25733057 - Planes, chisels, gouges and similar cutting tools for working wood
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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