Panama: Market for Pens, Stylos And Similar Stationery 2024

Market Size for Pens, Stylos And Similar Stationery in Panama

The Panamanian market for pens, stylos and similar stationery contracted to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, saw a pronounced expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then declined in the following year.

Production of Pens, Stylos And Similar Stationery in Panama

In value terms, pens, stylos and similar stationery production declined significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a dramatic decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Pens, Stylos And Similar Stationery

Exports from Panama

In 2022, overseas shipments of pens, stylos and similar stationery were finally on the rise to reach X units after five years of decline. Overall, exports, however, saw a sharp slump. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, pens, stylos and similar stationery exports soared to $X in 2022. In general, exports, however, showed a sharp decline. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Free Zones (X units) was the main destination for pens, stylos and similar stationery exports from Panama, accounting for a X% share of total exports. It was followed by Nicaragua (X units), with a X% share of total exports. The third position in this ranking was taken by Venezuela (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Free Zones amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (X% per year) and Venezuela (X% per year).

In value terms, the largest markets for pens, stylos and similar stationery exported from Panama were Nicaragua ($X), Venezuela ($X) and Colombia ($X), with a combined X% share of total exports. The Dominican Republic, Guatemala, Costa Rica, Cuba, Honduras, Free Zones, Ecuador and Trinidad and Tobago lagged somewhat behind, together accounting for a further X%.

The Dominican Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for pens, stylos and similar stationery amounted to $X per thousand units, picking up by X% against the previous year. In general, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per thousand units), while the average price for exports to Free Zones ($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 Trinidad and Tobago (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pens, Stylos And Similar Stationery

Imports into Panama

In 2022, overseas purchases of pens, stylos and similar stationery increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, saw a perceptible curtailment. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, pens, stylos and similar stationery imports soared to $X in 2022. Overall, imports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X units), Tunisia (X units) and China (X units) were the main suppliers of pens, stylos and similar stationery imports to Panama, together comprising X% of total imports. Poland, Free Zones, Pakistan, the United States and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X), Free Zones ($X) and Mexico ($X) constituted the largest pens, stylos and similar stationery suppliers to Panama, with a combined X% share of total imports. The United States, Tunisia, Hong Kong SAR, Poland and Pakistan lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for pens, stylos and similar stationery stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Pakistan (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform