Panama: Market for Base Metal Fittings For Loose-Leaf Binders Or Files 2024

Market Size for Base Metal Fittings For Loose-Leaf Binders Or Files in Panama

The Panamanian loose-leaf binder metal fitting market dropped rapidly to $X in 2022, which is down by -46.8% against the previous year. Over the period under review, consumption recorded a abrupt shrinkage. Loose-leaf binder metal fitting consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Base Metal Fittings For Loose-Leaf Binders Or Files in Panama

In value terms, loose-leaf binder metal fitting production totaled $X in 2022 estimated in export price. Overall, production saw a dramatic slump. The growth pace was the most rapid in 2016 with an increase of 18,376,200% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Base Metal Fittings For Loose-Leaf Binders Or Files

Exports from Panama

In 2022, overseas shipments of base metal fittings for loose-leaf binders or files increased by 172% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, faced a precipitous setback. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, loose-leaf binder metal fitting exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a dramatic shrinkage. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Cuba (X tons) was the main destination for loose-leaf binder metal fitting exports from Panama, accounting for a 44% share of total exports. Moreover, loose-leaf binder metal fitting exports to Cuba exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by Jamaica (X tons), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume to Cuba stood at +22.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-21.5% per year) and Jamaica (-17.2% per year).

In value terms, Cuba ($X) remains the key foreign market for base metal fittings for loose-leaf binders or files exports from Panama, comprising 42% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by Jamaica, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Cuba stood at +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-20.4% per year) and Jamaica (-18.2% per year).

Export Prices by Country

The average loose-leaf binder metal fitting export price stood at $X per ton in 2022, picking up by 6.3% against the previous year. Overall, the export price, however, recorded a mild shrinkage. The pace of growth was the most pronounced in 2016 an increase of 8.8% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Guyana ($X per ton) 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 (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Fittings For Loose-Leaf Binders Or Files

Imports into Panama

For the third year in a row, Panama recorded decline in supplies from abroad of base metal fittings for loose-leaf binders or files, which decreased by -6.4% to X tons in 2022. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 60% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, loose-leaf binder metal fitting imports shrank to $X in 2022. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 143%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of loose-leaf binder metal fitting to Panama, accounting for a 70% share of total imports. Moreover, loose-leaf binder metal fitting imports from China exceeded the figures recorded by the second-largest supplier, Free Zones (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (+42.2% per year) and Germany (+12.9% per year).

In value terms, China ($X) constituted the largest supplier of base metal fittings for loose-leaf binders or files to Panama, comprising 67% of total imports. The second position in the ranking was taken by Free Zones ($X), with a 14% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (+45.0% per year) and Germany (+13.6% per year).

Import Prices by Country

In 2022, the average loose-leaf binder metal fitting import price amounted to $X per ton, waning by -5.7% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, loose-leaf binder metal fitting import price increased by +35.6% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 51% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform