Panama - Tower Cranes And Portal Or Pedestal Jib Cranes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Tower and Portal Cranes in Panama - 2023
Contents:
- Price for Tower and Portal Cranes in Panama (CIF) - 2022
- Price for Tower and Portal Cranes in Panama (FOB) - 2022
- Imports of Tower and Portal Cranes in Panama
- Exports of Tower and Portal Cranes in Panama
Price for Tower and Portal Cranes in Panama (CIF) - 2022
The average tower and portal cranes import price stood at $25,460 per unit in 2022, growing by 38% against the previous year. Overall, the import price showed a buoyant expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 6,444% against the previous year. Over the period under review, average import prices attained the maximum at $1,180,590 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($77,877 per unit), while the price for Mexico ($107 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+90.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tower and Portal Cranes in Panama (FOB) - 2022
In 2022, the average tower and portal cranes export price amounted to $26,134 per unit, standing approx. at the previous year. Over the period under review, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of 9,501% against the previous year. Over the period under review, the average export prices reached the peak figure at $96,441 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($60,897 per unit), while the average price for exports to Costa Rica ($89 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 Cuba (+91,687.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tower and Portal Cranes in Panama
In 2022, imports of tower cranes and portal or pedestal jib cranes into Panama amounted to 11 units, surging by 10% compared with the year before. In general, imports, however, showed a perceptible contraction. Imports peaked at 12 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, tower and portal cranes imports soared to $280K in 2022. Overall, imports, however, saw a sharp curtailment. Imports peaked at $912K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Tower and Portal Cranes in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 711 | 76.6 | 80.1 | 77.9 | -52.1% |
| Suriname | N/A | N/A | N/A | 46.5 | 0% |
| United States | 45.2 | 18.0 | 18.7 | 42.8 | -1.8% |
| Belgium | 42.4 | 98.1 | 31.8 | 39.8 | -2.1% |
| Colombia | 40.9 | 92.0 | 28.9 | 35.2 | -4.9% |
| Italy | 7.8 | 35.4 | 12.7 | 17.7 | 31.4% |
| Spain | 13.6 | 28.9 | 6.6 | 9.8 | -10.3% |
| Costa Rica | 10.9 | 14.8 | 0.6 | 7.4 | -12.1% |
| Portugal | 3.1 | 6.9 | 2.1 | 2.5 | -6.9% |
| South Korea | 0.5 | 0.4 | N/A | 0.3 | -15.7% |
| Mexico | 0.2 | 0.4 | 2.3 | 0.1 | -20.6% |
| Chile | 16.7 | N/A | N/A | N/A | 0% |
| Congo | 19.4 | N/A | N/A | N/A | 0% |
| Others | N/A | 124 | N/A | N/A | 0% |
| Total | 912 | 495 | 184 | 280 | -32.5% |
Top Suppliers of Tower and Portal Cranes to Panama in 2022:
- Italy (1.0 units)
- Colombia (1.0 units)
- Portugal (1.0 units)
- Mexico (1.0 units)
- Costa Rica (1.0 units)
- United States (1.0 units)
- China (1.0 units)
- Suriname (1.0 units)
- Belgium (1.0 units)
- South Korea (1.0 units)
- Spain (1.0 units)
Exports of Tower and Portal Cranes in Panama
Tower and portal cranes exports from Panama skyrocketed to 5 units in 2022, jumping by 25% against the previous year's figure. Over the period under review, exports, however, recorded a abrupt slump. The exports peaked at 8 units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, tower and portal cranes exports soared to $131K in 2022. Overall, exports, however, saw a dramatic shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 75%. As a result, the exports reached the peak of $772K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Tower and Portal Cranes in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 109 | 303 | 55.2 | 60.9 | -17.6% |
| Dominican Republic | N/A | N/A | N/A | 35.8 | 0% |
| Colombia | 42.8 | 74.0 | 49.3 | 31.4 | -9.8% |
| Suriname | N/A | N/A | N/A | 2.4 | 0% |
| Costa Rica | 2.5 | 1.9 | 0.6 | 0.1 | -65.8% |
| Nicaragua | N/A | N/A | N/A | N/A | 0% |
| Congo | N/A | 202 | N/A | N/A | 0% |
| France | 264 | 191 | N/A | N/A | -27.7% |
| Cuba | 22.0 | N/A | N/A | N/A | 0% |
| Others | 1.7 | N/A | N/A | N/A | 0% |
| Total | 442 | 772 | 105 | 131 | -33.3% |
Top Export Markets for Tower and Portal Cranes from Panama in 2022:
- Suriname (1.0 units)
- Guatemala (1.0 units)
- Costa Rica (1.0 units)
- Colombia (1.0 units)
- Dominican Republic (1.0 units)
This report provides an in-depth analysis of the market for tower and portal cranes 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 28221440 - Tower cranes and portal or pedestal jib cranes
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
-
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
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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
-
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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