Panama: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Panama

The Panamanian chain scoops and sliders market reduced slightly to $X in 2022, remaining constant against the previous year. In general, consumption, however, posted a resilient expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Panama

In value terms, chain scoops and sliders production stood at $X in 2022 estimated in export price. In general, production, however, posted a strong expansion. The growth pace was the most rapid in 2018 when the production volume increased by 112%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from Panama

Chain scoops and sliders exports from Panama soared to X tons in 2022, with an increase of 452% on 2021. Overall, exports, however, saw a sharp downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 879%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, chain scoops and sliders exports surged to $X in 2022. In general, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 1,488%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Venezuela (X tons) was the main destination for chain scoops and sliders exports from Panama, with a 72% share of total exports. Moreover, chain scoops and sliders exports to Venezuela exceeded the volume sent to the second major destination, Jamaica (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Venezuela totaled -21.8%.

In value terms, Venezuela ($X) remains the key foreign market for chain scoops, sliders, runners, end pieces and narrow strips exports from Panama, comprising 72% of total exports. The second position in the ranking was taken by Jamaica ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Venezuela totaled -10.9%.

Export Prices by Country

In 2022, the average chain scoops and sliders export price amounted to $X per ton, with a decrease of -9% against the previous year. Over the period under review, the export price, however, saw a strong increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 103%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then dropped in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Jamaica stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into Panama

In 2022, overseas purchases of chain scoops, sliders, runners, end pieces and narrow strips were finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 421%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, chain scoops and sliders imports soared to $X in 2022. In general, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 389%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), China (X kg) and Peru (X kg) were the main suppliers of chain scoops and sliders imports to Panama, with a combined 92% share of total imports. El Salvador, the United States and Colombia lagged somewhat behind, together comprising a further 7.6%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +12.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest chain scoops and sliders suppliers to Panama were Taiwan (Chinese) ($X), Peru ($X) and China ($X), together comprising 87% of total imports. El Salvador, Colombia and the United States lagged somewhat behind, together comprising a further 13%.

In terms of the main suppliers, the United States, with a CAGR of +14.4%, saw the highest growth rate of 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 chain scoops and sliders import price amounted to $X per ton, growing by 17% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chain scoops and sliders import price increased by +49.2% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 48%. The import price peaked 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 Colombia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+48.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform