Panama: Market for Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Panama

The Panamanian market for cellular plates, sheets, film, foil and strip of plastics shrank to $X in 2022, reducing by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Panama

In value terms, production of cellular plates, sheets, film, foil and strip of plastics reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a mild decrease. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Production of peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports from Panama

In 2022, overseas shipments of cellular plates, sheets, film, foil and strip of plastics increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cellular plates, sheets, film, foil and strip of plastics soared to $X in 2022. Overall, exports, however, showed a abrupt descent. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X tons), Venezuela (X tons) and Costa Rica (X tons) were the main destinations of exports of cellular plates, sheets, film, foil and strip of plastics from Panama, together accounting for X% of total exports. Curacao, Nicaragua, the United States, Colombia, Chile, Honduras, Guatemala, El Salvador, Belize and Trinidad and Tobago lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Curacao (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cellular plates, sheets, film, foil and strip of plastics exported from Panama were the Dominican Republic ($X), Venezuela ($X) and Costa Rica ($X), together comprising X% of total exports. Nicaragua, Colombia, the United States, Curacao, Chile, Honduras, Guatemala, Belize, Trinidad and Tobago and El Salvador lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Curacao, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for cellular plates, sheets, film, foil and strip of plastics stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, showed a slight decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Venezuela ($X per ton) and Costa Rica ($X per ton), while the average price for exports to Curacao ($X per ton) and El Salvador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced a decline.

Imports of Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports into Panama

In 2022, supplies from abroad of cellular plates, sheets, film, foil and strip of plastics increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of cellular plates, sheets, film, foil and strip of plastics expanded sharply to $X in 2022. In general, imports posted strong growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports of reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest cellular plates, sheets, film, foil and strip of plastics supplier to Panama, with a X% share of total imports. Moreover, imports of cellular plates, sheets, film, foil and strip of plastics from China exceeded the figures recorded by the second-largest supplier, Costa Rica (X tons), threefold. The third position in this ranking was held by Spain (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and Spain (X% per year).

In value terms, the largest cellular plates, sheets, film, foil and strip of plastics suppliers to Panama were China ($X), Spain ($X) and Costa Rica ($X), together accounting for X% of total imports. Colombia, the United Arab Emirates, Free Zones, the United States and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Free Zones, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform