Panama: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2025

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Panama

For the third year in a row, the Panamanian market for flexible tubes, pipes and hoses of plastics, without fittings recorded decline in sales value, which decreased by -12.3% to $X in 2022. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Panama

In value terms, production of flexible tubes, pipes and hoses of plastics, without fittings dropped to $X in 2022 estimated in export price. In general, production, however, posted moderate growth. The growth pace was the most rapid in 2013 when the production volume increased by 23% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports from Panama

In 2022, the amount of flexible tubes, pipes and hoses of plastics, without fittings exported from Panama fell remarkably to X tons, shrinking by -24% on the previous year. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 427%. As a result, the exports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings fell markedly to $X in 2022. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 252%. As a result, the exports reached the peak of $X, and then declined markedly in the following year.

Exports by Country

The Dominican Republic (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, without fittings from Panama, with a 41% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, without fittings to the Dominican Republic exceeded the volume sent to the second major destination, Guyana (X tons), fourfold. Costa Rica (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to the Dominican Republic totaled +64.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (+26.5% per year) and Costa Rica (+22.0% per year).

In value terms, the Dominican Republic ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, without fittings exports from Panama, comprising 32% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 10% share of total exports. It was followed by Venezuela, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to the Dominican Republic stood at +53.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+22.1% per year) and Venezuela (+5.4% per year).

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, without fittings stood at $X per ton in 2022, waning by -15.5% against the previous year. Over the period under review, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 30%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Grenada ($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 Free Zones (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports into Panama

In 2022, purchases abroad of flexible tubes, pipes and hoses of plastics, without fittings increased by 12% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of 30,046% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings stood at $X in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 16,140%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Colombia (X tons), China (X tons) and Russia (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, without fittings to Panama, with a combined 75% share of total imports. Mexico, the United States, Costa Rica and Chile lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +83.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flexible tubes, pipes and hoses of plastics, without fittings suppliers to Panama were Russia ($X), Colombia ($X) and China ($X), together comprising 66% of total imports. Mexico, the United States, Costa Rica and Chile lagged somewhat behind, together accounting for a further 24%.

Chile, with a CAGR of +75.0%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the average import price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, declining by -10.2% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for flexible tubes, pipes and hoses of plastics, without fittings decreased by -11.8% against 2020 indices. The growth pace was the most rapid in 2018 when the average import price increased by 60%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 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 Russia ($X per ton), while the price for Chile ($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 Africa (+48.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform