Panama: Market for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in Panama

The Panamanian market for non-plasticised mixed polyvinyl chloride in primary forms declined to $X in 2022, which is down by -7.3% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in Panama

In value terms, production of non-plasticised mixed polyvinyl chloride in primary forms reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2019 with an increase of 345%. Over the period under review, production of attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Panama

After three years of decline, shipments abroad of non-plasticised mixed polyvinyl chloride in primary forms increased by 0.9% to X tons in 2022. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 661% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of non-plasticised mixed polyvinyl chloride in primary forms dropped slightly to $X in 2022. In general, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 1,122% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The Philippines (X tons), South Korea (X kg) and Peru (X kg) were the main destinations of exports of non-plasticised mixed polyvinyl chloride in primary forms from Panama, together comprising 93% of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +36.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for non-plasticised mixed polyvinyl chloride in primary forms exported from Panama were the Philippines ($X), South Korea ($X) and Peru ($X), with a combined 92% share of total exports. Mexico and Colombia lagged somewhat behind, together comprising a further 5.8%.

Colombia, with a CAGR of +15.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for non-plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 61%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Colombia ($X per ton) and Mexico ($X per ton), while the average price for exports to Peru ($X per ton) and South Korea ($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 the Philippines (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Panama

In 2022, imports of non-plasticised mixed polyvinyl chloride in primary forms into Panama shrank dramatically to X tons, waning by -79.2% against 2021 figures. Overall, imports showed a sharp reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 731%. Over the period under review, imports of reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of non-plasticised mixed polyvinyl chloride in primary forms shrank rapidly to $X in 2022. In general, imports showed a dramatic setback. The pace of growth was the most pronounced in 2016 with an increase of 402% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main supplier of non-plasticised mixed polyvinyl chloride in primary forms to Panama, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -28.0%.

In value terms, the United States ($X) constituted the largest supplier of non-plasticised mixed polyvinyl chloride in primary forms to Panama.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to -29.6%.

Import Prices by Country

In 2022, the average import price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, rising by 2.9% against the previous year. In general, the import price recorded tangible growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 112%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +11.5% per year.

Source: IndexBox Platform