Panama: Threshing Machinery Market 2024

Threshing Machinery Market Size in Panama

The Panamanian threshing machinery market was estimated at $X in 2023, flattening at the previous year. Overall, consumption recorded a pronounced descent. Threshing machinery consumption peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Threshing Machinery Production in Panama

In value terms, threshing machinery production amounted to $X in 2023 estimated in export price. Overall, production continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Threshing Machinery Exports

Exports from Panama

In 2019, exports of threshing machinery except combine harvester-threshers from Panama fell to X units, declining by X% compared with 2018 figures. Over the period under review, exports recorded a sharp decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, threshing machinery exports soared to $X in 2019. In general, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

Exports by Country

Venezuela (X units) was the main destination for threshing machinery exports from Panama, with a X% share of total exports. Moreover, threshing machinery exports to Venezuela exceeded the volume sent to the second major destination, the United States (X units), threefold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Venezuela stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Haiti (X% per year).

In value terms, Venezuela ($X) emerged as the key foreign market for threshing machinery except combine harvester-threshers exports from Panama, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Venezuela stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Haiti (X% per year).

Export Prices by Country

In 2019, the average threshing machinery export price amounted to $X per unit, increasing by X% against the previous year. Over the last seven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2019, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2019, amid the top suppliers, the country with the highest price was Haiti ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Threshing Machinery Imports

Imports into Panama

In 2023, the amount of threshing machinery except combine harvester-threshers imported into Panama fell remarkably to X units, waning by X% compared with the previous year. In general, imports faced a drastic downturn. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, threshing machinery imports reduced markedly to $X in 2023. Over the period under review, imports faced a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Brazil (X units) constituted the largest threshing machinery supplier to Panama, accounting for a X% share of total imports. Moreover, threshing machinery imports from Brazil exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by Colombia (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Colombia (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of threshing machinery except combine harvester-threshers to Panama, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

Import Prices by Country

The average threshing machinery import price stood at $X per unit in 2023, jumping by X% against the previous year. Overall, the import price continues to indicate prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform