Panama: Soap In Bars Market 2024

Soap In Bars Market Size in Panama

The Panamanian soap in bars market soared to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Soap In Bars Production in Panama

In value terms, soap in bars production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Soap in bars production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Soap In Bars Exports

Exports from Panama

In 2022, the amount of soap and organic surface-active products in bars exported from Panama surged to X tons, picking up by X% compared with the year before. In general, exports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, soap in bars exports soared to $X in 2022. Over the period under review, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for soap in bars exports from Panama, accounting for a X% share of total exports. Moreover, soap in bars exports to the United States exceeded the volume sent to the second major destination, El Salvador (X tons), fourfold. The third position in this ranking was held by Cuba (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Cuba (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for soap and organic surface-active products in bars exports from Panama, comprising X% of total exports. The second position in the ranking was held by El Salvador ($X), with a X% share of total exports. It was followed by Cuba, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Cuba (X% per year).

Export Prices by Country

In 2022, the average soap in bars export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to El Salvador ($X per ton) and Cuba ($X per ton), while the average price for exports to Free Zones ($X per ton) and Venezuela ($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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Soap In Bars Imports

Imports into Panama

Soap in bars imports into Panama dropped to X tons in 2022, which is down by X% against the year before. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, soap in bars imports fell to $X in 2022. In general, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Guatemala (X tons), Mexico (X tons) and Colombia (X tons) were the main suppliers of soap in bars imports to Panama, together comprising X% of total imports.

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

In value terms, Guatemala ($X) constituted the largest supplier of soap and organic surface-active products in bars to Panama, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Guatemala amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the average soap in bars import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, soap in bars import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 Brazil ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform