Panama: Office Metal Staple Market 2025

Office Metal Staple Market Size in Panama

In 2022, the Panamanian office metal staple market decreased by -32.7% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a slight setback. Office metal staple consumption peaked at $X in 2021, and then plummeted in the following year.

Office Metal Staple Production in Panama

In value terms, office metal staple production expanded notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.1% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 75% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Office Metal Staple Exports

Exports from Panama

In 2022, overseas shipments of base metal staples in strips for use in offices were finally on the rise to reach X tons after three years of decline. In general, exports showed a prominent increase. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, office metal staple exports surged to $X in 2022. Over the period under review, exports enjoyed a resilient increase. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Nicaragua (X tons), Colombia (X tons) and Guatemala (X tons) were the main destinations of office metal staple exports from Panama, together accounting for 43% of total exports. Venezuela, Honduras, Costa Rica, Cuba, the United States and the Dominican Republic lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Cuba (with a CAGR of +46.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for office metal staple exported from Panama were Colombia ($X), Nicaragua ($X) and Guatemala ($X), with a combined 44% share of total exports. Honduras, Costa Rica, Venezuela, Cuba, the United States and the Dominican Republic lagged somewhat behind, together accounting for a further 26%.

The United States, with a CAGR of +43.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average office metal staple export price stood at $X per ton in 2022, falling by -28.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 50% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Venezuela ($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 Guatemala (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Office Metal Staple Imports

Imports into Panama

In 2022, approx. X tons of base metal staples in strips for use in offices were imported into Panama; shrinking by -24.8% against the year before. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2017 when imports increased by 145%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, office metal staple imports contracted to $X in 2022. Over the period under review, imports showed a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 222%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Free Zones (X tons) were the main suppliers of office metal staple imports to Panama, with a combined 93% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Free Zones (with a CAGR of +64.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Free Zones ($X) and China ($X) were the largest office metal staple suppliers to Panama, with a combined 93% share of total imports.

Free Zones, with a CAGR of +78.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average office metal staple import price amounted to $X per ton, growing by 24% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, office metal staple import price increased by +63.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform