
Panama - Extruded Solid Rubber Rods and Profiles - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPanama: Market for Extruded Solid Rubber Rods And Profiles 2025
Market Size for Extruded Solid Rubber Rods And Profiles in Panama
In 2022, the Panamanian extruded solid rubber rod market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, saw a pronounced downturn. Extruded solid rubber rod consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.
Exports of Extruded Solid Rubber Rods And Profiles
Exports from Panama
For the third year in a row, Panama recorded decline in shipments abroad of extruded solid rubber rods and profiles, which decreased by -3.1% to X tons in 2022. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2015 with an increase of 15,612%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.
In value terms, extruded solid rubber rod exports totaled $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 13,996% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.
Exports by Country
Cuba (X kg) was the main destination for extruded solid rubber rod exports from Panama, accounting for a 29% share of total exports. Moreover, extruded solid rubber rod exports to Cuba exceeded the volume sent to the second major destination, Nicaragua (X kg), threefold. Colombia (X kg) ranked third in terms of total exports with a 9.9% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to Cuba amounted to +43.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+4.1% per year) and Colombia (-10.5% per year).
In value terms, the largest markets for extruded solid rubber rod exported from Panama were Nicaragua ($X), Colombia ($X) and Cuba ($X), with a combined 36% share of total exports.
In terms of the main countries of destination, Cuba, with a CAGR of +41.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2022, the average extruded solid rubber rod export price amounted to $X per ton, surging by 4.4% against the previous year. Overall, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 39%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Cuba ($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 Honduras (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Extruded Solid Rubber Rods And Profiles
Imports into Panama
In 2022, after four years of decline, there was significant growth in overseas purchases of extruded solid rubber rods and profiles, when their volume increased by 76% to X tons. In general, imports, however, saw a pronounced setback. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.
In value terms, extruded solid rubber rod imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a deep downturn. The growth pace was the most rapid in 2017 with an increase of 109%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.
Imports by Country
In 2022, Peru (X tons) constituted the largest supplier of extruded solid rubber rod to Panama, with a 80% share of total imports. Moreover, extruded solid rubber rod imports from Peru exceeded the figures recorded by the second-largest supplier, Free Zones (X tons), eightfold. The third position in this ranking was taken by Colombia (X tons), with a 6.3% share.
From 2012 to 2022, the average annual growth rate of volume from Peru totaled +34.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (+67.0% per year) and Colombia (+17.2% per year).
In value terms, Peru ($X) constituted the largest supplier of extruded solid rubber rods and profiles to Panama, comprising 68% of total imports. The second position in the ranking was held by Free Zones ($X), with an 18% share of total imports. It was followed by Colombia, with an 8.6% share.
From 2012 to 2022, the average annual rate of growth in terms of value from Peru stood at +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (+37.6% per year) and Colombia (+8.5% per year).
Import Prices by Country
In 2022, the average extruded solid rubber rod import price amounted to $X per ton, dropping by -24.2% against the previous year. In general, the import price showed a noticeable decline. The most prominent rate of growth was recorded in 2017 an increase of 33% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for extruded solid rubber rod in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22192087 - Extruded solid rubber rods and profiles
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
Recommended reports
This report provides an in-depth analysis of the market for extruded solid rubber rod in Asia.
This report provides an in-depth analysis of the market for extruded solid rubber rod in the U.S..
This report provides an in-depth analysis of the market for extruded solid rubber rod in China.
This report provides an in-depth analysis of the market for extruded solid rubber rod in the EU.
This report provides an in-depth analysis of the global market for extruded solid rubber rod.