Panama: Paper Articles Market 2024

Paper Articles Market Size in Panama

In 2022, the Panamanian paper articles market decreased by X% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption showed a buoyant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Paper Articles Production in Panama

In value terms, paper articles production reduced to $X in 2022 estimated in export price. Overall, production saw a remarkable increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Paper Articles Exports

Exports from Panama

In 2022, shipments abroad of boxes, pouches, wallets and writing compendiums of paper increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, paper articles exports reduced to $X in 2022. Overall, exports, however, saw a deep downturn. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

El Salvador (X tons), Cuba (X kg) and Colombia (X kg) were the main destinations of paper articles exports from Panama, with a combined X% share of total exports.

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

In value terms, Cuba ($X) remains the key foreign market for boxes, pouches, wallets and writing compendiums of paper exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total exports. It was followed by Nicaragua, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cuba amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Nicaragua (X% per year).

Export Prices by Country

The average paper articles export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Grenada ($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 Cuba (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Articles Imports

Imports into Panama

In 2022, overseas purchases of boxes, pouches, wallets and writing compendiums of paper decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. In general, imports faced a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, paper articles imports dropped notably to $X in 2022. Overall, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Free Zones (X tons) and the United States (X tons) were the main suppliers of paper articles imports to Panama, together accounting for X% of total imports. Belgium, Guatemala, Italy and Switzerland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Free Zones ($X), China ($X) and the United States ($X) appeared to be the largest paper articles suppliers to Panama, with a combined X% share of total imports. Belgium, Switzerland, Guatemala and Italy lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average paper articles import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paper articles import price increased by X% against 2018 indices. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform