Manostat Market Overview in Panama
In value terms, manostat production totaled $ in 2019 estimated in export prices. In general, production continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2013 with an increase of % against the previous year. Panama production peaked at $ in 2007; however, from 2008 to 2019, production remained at a lower figure.
The revenue of the manostat market in Panama declined remarkably to $ in 2019, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated notable growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2015 indices. The most prominent rate of growth was recorded in 2009 when the market value increased by % year-to-year. Panama consumption peaked at $ in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.