Panama: Glass Ampoules Market 2024

Glass Ampoules Market Size in Panama

The Panamanian glass ampoules market stood at $X in 2022, growing by 5.8% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Glass Ampoules Production in Panama

In value terms, glass ampoules production expanded notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 49%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Glass Ampoules Exports

Exports from Panama

In 2022, shipments abroad of glass ampoules for packing of goods was finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 833% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass ampoules exports skyrocketed to $X in 2022. Overall, exports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 917% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Costa Rica (X units), Colombia (X units) and Guatemala (X units) were the main destinations of glass ampoules exports from Panama, with a combined 78% share of total exports. El Salvador, Jamaica, the Dominican Republic and the United States lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Jamaica (with a CAGR of +31.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Costa Rica ($X) and El Salvador ($X) appeared to be the largest markets for glass ampoules exported from Panama worldwide, together comprising 75% of total exports. Jamaica, Guatemala, the United States and the Dominican Republic lagged somewhat behind, together comprising a further 21%.

Jamaica, with a CAGR of +37.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 glass ampoules export price amounted to $X per thousand units, declining by -23.5% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass ampoules export price decreased by -0.1% against 2018 indices. The growth pace was the most rapid in 2013 when the average export price increased by 45%. The export price peaked at $X per thousand units in 2021, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per thousand units), while the average price for exports to the Dominican Republic ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Ampoules Imports

Imports into Panama

In 2022, supplies from abroad of glass ampoules for packing of goods was finally on the rise to reach X units after four years of decline. Over the period under review, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2015 when imports increased by 569%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, glass ampoules imports soared to $X in 2022. In general, imports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2015 with an increase of 276% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), Mexico (X units) and Spain (X units) were the main suppliers of glass ampoules imports to Panama, together comprising 77% of total imports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +22.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of glass ampoules for packing of goods to Panama, comprising 45% of total imports. The second position in the ranking was held by Peru ($X), with a 15% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico totaled +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-5.8% per year) and Italy (+0.1% per year).

Import Prices by Country

In 2022, the average glass ampoules import price amounted to $X per thousand units, growing by 11% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass ampoules import price increased by +17.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 48%. The import price peaked at $X per thousand units in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per thousand units), while the price for Italy ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform