Industrial Bakery Machinery Price in Panama - 2023

Contents:

1. Industrial Bakery Machinery Price in Panama (CIF) - 2022
2. Industrial Bakery Machinery Price in Panama (FOB) - 2022
3. Industrial Bakery Machinery Imports in Panama
4. Industrial Bakery Machinery Exports in Panama

Industrial Bakery Machinery Price in Panama (CIF) - 2022

In 2022, the average industrial bakery machinery import price amounted to $10,524 per unit, reducing by -47.3% against the previous year. Over the period under review, the import price, however, posted a tangible increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 76%. The import price peaked at $19,978 per unit in 2021, and then reduced sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($25,132 per unit), while the price for China ($4,794 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+37.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Industrial Bakery Machinery Price in Panama (FOB) - 2022

The average industrial bakery machinery export price stood at $8,886 per unit in 2022, standing approx. at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices attained the peak figure at $15,944 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($29,429 per unit), while the average price for exports to Nicaragua ($1,312 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 Costa Rica (+44.7%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Bakery Machinery Imports in Panama

Industrial bakery machinery imports into Panama shrank markedly to 111 units in 2022, which is down by -48.1% on the previous year's figure. In general, imports saw a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. Over the period under review, imports reached the peak figure at 239 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, industrial bakery machinery imports fell sharply to $1.2M in 2022. Overall, imports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2021 with an increase of 111%. Imports peaked at $4.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Industrial Bakery Machinery to Panama in 2022:

1. China (37.0 units)
2. Colombia (14.0 units)
3. Taiwan (Chinese) (11.0 units)
4. Free Zones (11.0 units)
5. Italy (6.0 units)
6. United States (6.0 units)
7. France (5.0 units)
8. Brazil (4.0 units)
9. Spain (4.0 units)
10. Canada (1.0 units)
11. Austria (1.0 units)

Industrial Bakery Machinery Exports in Panama

For the third year in a row, Panama recorded decline in shipments abroad of industrial bakery machinery, which decreased by 0% to 8 units in 2022. In general, exports faced a significant decline. The smallest decline of -33.3% was in 2020. The exports peaked at 18 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, industrial bakery machinery exports totaled $71K in 2022. Over the period under review, exports showed a significant contraction. The smallest decline of -13.8% was in 2020. The exports peaked at $165K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Industrial Bakery Machinery from Panama in 2022:

1. El Salvador (1.0 units)
2. Venezuela (1.0 units)
3. Guyana (1.0 units)
4. Costa Rica (1.0 units)
5. Trinidad and Tobago (1.0 units)
6. Colombia (1.0 units)
7. Nicaragua (1.0 units)

Source: IndexBox Market Intelligence Platform