Panama: Stamping Foil Market 2024

Stamping Foil Market Size in Panama

The Panamanian stamping foil market soared to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption showed prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Stamping Foil Production in Panama

In value terms, stamping foil production soared to $X in 2022 estimated in export price. Overall, production recorded a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Stamping Foil Exports

Exports from Panama

In 2022, after six years of decline, there was significant growth in shipments abroad of stamping foils, when their volume increased by X% to X kg. Overall, exports, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, stamping foil exports fell to $X in 2022. Over the period under review, exports continue to indicate a perceptible increase. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X kg), Venezuela (X kg) and Guatemala (X kg) were the main destinations of stamping foil exports from Panama.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Colombia ($X) remains the key foreign market for stamping foils exports from Panama, comprising X% of total exports. The second position in the ranking was held by Venezuela ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average stamping foil export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per ton in 2021, and then reduced notably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

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

Stamping Foil Imports

Imports into Panama

In 2022, imports of stamping foils into Panama dropped sharply to X tons, shrinking by X% on the year before. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, stamping foil imports shrank to $X in 2022. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest stamping foil supplier to Panama, with a X% share of total imports. Moreover, stamping foil imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

In value terms, Germany ($X) constituted the largest supplier of stamping foils to Panama, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average stamping foil import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, showed a slight reduction. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform