Panama - Spades And Shovels - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSpades and Shovels Price in Panama - 2023
Contents:
- Spades and Shovels Price in Panama (CIF) - 2022
- Spades and Shovels Price in Panama (FOB) - 2022
- Spades and Shovels Imports in Panama
- Spades and Shovels Exports in Panama
Spades and Shovels Price in Panama (CIF) - 2022
The average spades and shovels import price stood at $4,070 per ton in 2022, picking up by 13% against the previous year. Over the period under review, the import price saw a buoyant increase. The growth pace was the most rapid in 2017 an increase of 96% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($5,784 per ton), while the price for Free Zones ($1,980 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Spades and Shovels Price in Panama (FOB) - 2022
In 2022, the average spades and shovels export price amounted to $1,814 per ton, declining by -3.1% against the previous year. Overall, the export price saw a perceptible setback. The growth pace was the most rapid in 2018 when the average export price increased by 32%. The export price peaked at $3,228 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Colombia ($2,193 per ton) and Belize ($2,014 per ton), while the average price for exports to Honduras ($1,729 per ton) and the Dominican Republic ($1,729 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+3.0%), while the prices for the other major destinations experienced a decline.
Spades and Shovels Imports in Panama
In 2022, approx. 156 tons of spades and shovels were imported into Panama; with a decrease of -40.2% on the year before. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 85% against the previous year. As a result, imports reached the peak of 260 tons, and then fell dramatically in the following year.
In value terms, spades and shovels imports dropped rapidly to $634K in 2022. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 116%. As a result, imports reached the peak of $938K, and then shrank rapidly in the following year.
Import of Spades and Shovels in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 212 | 159 | 464 | 315 | 14.1% |
El Salvador | 85.9 | 85.2 | 124 | 129 | 14.5% |
China | 300 | 123 | 220 | 90.8 | -32.9% |
Free Zones | 54.8 | 26.3 | 45.4 | 50.6 | -2.6% |
Brazil | 21.8 | 8.5 | 23.8 | 29.7 | 10.9% |
Colombia | 13.1 | 9.1 | 37.6 | 11.7 | -3.7% |
Others | 75.5 | 22.1 | 23.2 | 7.3 | -54.1% |
Total | 763 | 434 | 938 | 634 | -6.0% |
Top Suppliers of Spades and Shovels to Panama in 2022:
- Mexico (54.4 tons)
- China (32.2 tons)
- El Salvador (32.0 tons)
- Free Zones (25.6 tons)
- Brazil (7.6 tons)
- Colombia (3.4 tons)
Spades and Shovels Exports in Panama
In 2022, spades and shovels exports from Panama shrank significantly to 7.7 tons, waning by -30.7% compared with 2021. Over the period under review, exports, however, recorded a modest increase. The most prominent rate of growth was recorded in 2021 with an increase of 228% against the previous year. As a result, the exports attained the peak of 11 tons, and then dropped remarkably in the following year.
In value terms, spades and shovels exports reduced remarkably to $14K in 2022. Overall, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 90% against the previous year.
Export of Spades and Shovels in Panama (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Venezuela | 8,557 | 1,587 | 4,083 | 3,343 | -26.9% |
Dominican Republic | 1,338 | 2,798 | 4,120 | 2,587 | 24.6% |
Honduras | 672 | 772 | 1,137 | 714 | 2.0% |
Nicaragua | 550 | 627 | 923 | 580 | 1.8% |
Costa Rica | 760 | 507 | 747 | 486 | -13.8% |
Suriname | 72.0 | 520 | 765 | 481 | 88.3% |
Trinidad and Tobago | 954 | 331 | 591 | 447 | -22.3% |
Guyana | 540 | 475 | 700 | 440 | -6.6% |
Ecuador | 583 | 188 | 541 | 340 | -16.5% |
Jamaica | 662 | 148 | 506 | 318 | -21.7% |
Belize | 331 | 228 | 456 | 286 | -4.8% |
Guatemala | 540 | 173 | 400 | 262 | -21.4% |
Colombia | 202 | 35.0 | 381 | 239 | 5.8% |
Others | 7,160 | 2,481 | 5,357 | 3,380 | -22.1% |
Total | 22,921 | 10,870 | 20,707 | 13,903 | -15.4% |
Top Export Markets for Spades and Shovels from Panama in 2022:
- Venezuela (1864.0 kg)
- Dominican Republic (1496.0 kg)
- Honduras (413.0 kg)
- Nicaragua (335.0 kg)
- Suriname (278.0 kg)
- Costa Rica (276.0 kg)
- Guyana (254.0 kg)
- Trinidad and Tobago (249.0 kg)
- Ecuador (171.0 kg)
- Jamaica (165.0 kg)
- Guatemala (144.0 kg)
- Belize (142.0 kg)
- Colombia (109.0 kg)
This report provides an in-depth analysis of the spades and shovels 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 25731010 - Spades and shovels
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
- 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
-
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
-
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
-
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
-
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
-
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
-
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
This report provides an in-depth analysis of the spades and shovels market in Panama.
This report provides an in-depth analysis of the hand tools market in Panama.
This report provides an in-depth analysis of the garden tool market in Panama.
This report provides an in-depth analysis of the hedge shear market in Panama.
This report provides an in-depth analysis of the mattocks and rakes market in Panama.
This report provides an in-depth analysis of the secateurs market in Panama.
This report provides an in-depth analysis of the register book market in Panama.
This report provides an in-depth analysis of the global spades and shovels market.
This report provides an in-depth analysis of the global hand tools market.
This report provides an in-depth analysis of the global garden tool market.
Explore the top 10 countries with the highest import value for hand tools. Learn about the market statistics, key players, and trends in the industry. Find out how the IndexBox market intelligence platform can help you stay ahead in this competitive market.
Hand tool manufacture is gradually seeing a recovery, following the decline in 2020. The market is forecast to accelerate, due to the increased need for DIY and repair work and construction growth in terms of private homes.
In 2016, the global hand tools market amounted to $X in wholesale prices. This figure reflects the total revenue of producers and importers.
In value terms, files, rasps, pliers imports amounted to $X in 2016. Overall, files, rasps, pliers imports continue to indicate a relatively flat trend pattern. Global files, rasps, pliers import p...
In value terms, hand tools, two and more of heading imports amounted to $X in 2016. Overall, hand tools, two and more of heading imports continue to indicate a relatively flat trend pattern. Over t...
In value terms, hand-operated mechanical appliances imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicate...
In value terms, files, rasps, pliers exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable f...
In value terms, hand tools, two and more of heading exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated som...
In value terms, hand-operated mechanical appliances exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated s...
In 2016, the amount of hand tools imported worldwide totaled X tons, approximately reflecting the previous year level. The total import volume increased at an average annual rate of +X% from X>