Report Update: May 8, 2024

Panama - Hydraulic Jacks And Hoists For Raising Vehicles - Market Analysis, Forecast, Size, Trends And Insights

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Hydraulic Jack Price in Panama - 2022

Hydraulic Jack Price in Panama (CIF) - 2022

In 2022, the average hydraulic jack import price amounted to $71 per unit, remaining stable against the previous year. Overall, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 46%. The import price peaked at $140 per unit in 2016; however, from 2017 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 Romania ($1,031 per unit), while the price for Spain ($28 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (-0.4%), while the prices for the other major suppliers experienced a decline.

Hydraulic Jack Price in Panama (FOB) - 2022

In 2022, the average hydraulic jack export price amounted to $86 per unit, rising by 219% against the previous year. Over the period under review, the export price, however, saw a dramatic curtailment. The most prominent rate of growth was recorded in 2015 an increase of 276% against the previous year. Over the period under review, the average export prices hit record highs at $1,290 per unit in 2012; however, from 2013 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 ($310 per unit), while the average price for exports to Trinidad and Tobago ($63 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 the Netherlands (+47.5%), while the prices for the other major destinations experienced mixed trend patterns.

Hydraulic Jack Imports in Panama

In 2022, the amount of hydraulic jacks and hoists for raising vehicles imported into Panama soared to 13K units, growing by 25% against the year before. In general, imports, however, faced a abrupt decline. Over the period under review, imports reached the peak figure at 22K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, hydraulic jack imports soared to $1.7M in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Hydraulic Jack in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	457	374	498	549	6.3%
China	617	281	325	405	-13.1%
Spain	22.0	16.4	17.3	49.6	31.1%
Others	605	354	614	715	5.7%
Total	1,701	1,025	1,453	1,719	0.4%

Top Suppliers of Hydraulic Jack to Panama in 2022:

China (9.8K units)
Spain (1.8K units)
Romania (0.5K units)

Hydraulic Jack Exports in Panama

In 2022, exports of hydraulic jacks and hoists for raising vehicles from Panama declined sharply to 417 units, reducing by -67.2% compared with the previous year's figure. Over the period under review, exports faced a dramatic setback. The growth pace was the most rapid in 2021 when exports increased by 31% against the previous year. Over the period under review, the exports attained the peak figure at 1.6K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, hydraulic jack exports dropped markedly to $60K in 2022. In general, exports showed a precipitous slump. The pace of growth appeared the most rapid in 2021 when exports increased by 5.3%. Over the period under review, the exports reached the peak figure at $151K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Hydraulic Jack in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
El Salvador	14.6	7.9	0.5	8.9	-15.2%
Venezuela	5.4	7.3	19.1	6.3	5.3%
Colombia	26.5	28.6	0.9	6.2	-38.4%
Netherlands	N/A	2.2	12.7	5.1	52.3%
Guatemala	5.7	2.3	9.3	4.4	-8.3%
Costa Rica	12.1	6.5	15.0	4.3	-29.2%
Cuba	2.3	3.2	9.4	3.5	15.0%
Jamaica	7.2	6.2	10.3	2.7	-27.9%
Honduras	3.6	2.4	0.3	2.4	-12.6%
Trinidad and Tobago	11.7	3.8	1.6	1.6	-48.5%
Barbados	0.5	0.2	3.9	1.0	26.0%
Curacao	0.2	0.5	1.7	0.8	58.7%
Chile	0.9	0.7	1.8	0.7	-8.0%
Others	60.5	33.5	24.4	12.4	-41.0%
Total	151	105	111	60.4	-26.3%

Top Export Markets for Hydraulic Jack from Panama in 2022:

El Salvador (53.0 units)
Netherlands (52.0 units)
Venezuela (37.0 units)
Costa Rica (26.0 units)
Guatemala (26.0 units)
Trinidad and Tobago (25.0 units)
Cuba (21.0 units)
Colombia (20.0 units)
Jamaica (15.0 units)
Honduras (14.0 units)
Barbados (13.0 units)
Curacao (10.0 units)
Chile (10.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hydraulic jack 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 28221350 - Hydraulic jacks and hoists for raising vehicles (excluding those for use in garages)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023