Panama: Market for Moulded Or Pressed Articles Of Paper Pulp 2024

Market Size for Moulded Or Pressed Articles Of Paper Pulp in Panama

The Panamanian paper pulp moulded articles market rose remarkably to $X in 2022, with an increase of 7.9% against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.5% against 2020 indices. Paper pulp moulded articles consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Moulded Or Pressed Articles Of Paper Pulp in Panama

In value terms, paper pulp moulded articles production rose rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 72% against the previous year. Paper pulp moulded articles production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Moulded Or Pressed Articles Of Paper Pulp

Exports from Panama

In 2022, after four years of growth, there was significant decline in overseas shipments of moulded or pressed articles of paper pulp, when their volume decreased by -9.7% to X tons. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 6,595%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, paper pulp moulded articles exports reduced to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,997% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Costa Rica (X tons) was the main destination for paper pulp moulded articles exports from Panama, accounting for a 77% share of total exports. Moreover, paper pulp moulded articles exports to Costa Rica exceeded the volume sent to the second major destination, the Dominican Republic (X tons), sevenfold. Guatemala (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Costa Rica totaled +124.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+79.8% per year) and Guatemala (+52.9% per year).

In value terms, Costa Rica ($X) remains the key foreign market for moulded or pressed articles of paper pulp exports from Panama, comprising 74% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 12% share of total exports. It was followed by Guatemala, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to Costa Rica totaled +134.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+76.2% per year) and Guatemala (+59.5% per year).

Export Prices by Country

The average paper pulp moulded articles export price stood at $X per ton in 2022, rising by 1.9% against the previous year. Overall, the export price, however, showed a deep downturn. The growth pace was the most rapid in 2017 an increase of 33%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Barbados ($X per ton) and the Dominican Republic ($X per ton), while the average price for exports to Colombia ($X per ton) and Costa Rica ($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 (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Moulded Or Pressed Articles Of Paper Pulp

Imports into Panama

In 2022, overseas purchases of moulded or pressed articles of paper pulp decreased by less than 0.1% to X tons, falling for the fifth consecutive year after two years of growth. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2017 when imports increased by 6,710% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paper pulp moulded articles imports expanded to $X in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 1,824% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Honduras (X tons), Chile (X tons) and Venezuela (X tons) were the main suppliers of paper pulp moulded articles imports to Panama, together accounting for 83% of total imports.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +45.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), Chile ($X) and China ($X) appeared to be the largest paper pulp moulded articles suppliers to Panama, with a combined 81% share of total imports.

Honduras, with a CAGR of +53.1%, recorded 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 paper pulp moulded articles import price amounted to $X per ton, picking up by 1.6% against the previous year. Overall, the import price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2013 when the average import price increased by 31%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while the price for Guatemala ($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 Dominican Republic (+45.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform