Panama: Market for Wood Chips And Particles 2025

Market Size for Wood Chips And Particles in Panama

The Panamanian wood chips and particles market dropped to $X in 2022, approximately reflecting the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Wood Chips And Particles in Panama

In value terms, wood chips and particles production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced slump. The growth pace was the most rapid in 2013 with an increase of 42%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Wood Chips And Particles

Exports from Panama

In 2018, wood chips and particles exports from Panama was estimated at X cubic meters, standing approx. at the year before. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 100%. As a result, the exports reached the peak of X cubic meters. From 2014 to 2018, the growth of the exports remained at a lower figure.

In value terms, wood chips and particles exports totaled $X in 2018. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 42% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2018, the growth of the exports remained at a lower figure.

Exports by Country

Bahrain (X cubic meters) was the main destination for wood chips and particles exports from Panama, with a approx. 100% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to Bahrain was relatively modest.

From 2012 to 2018, the average annual growth rate of value to Bahrain was relatively modest.

Export Prices by Country

In 2018, the average wood chips and particles export price amounted to $X per cubic meter, remaining constant against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 a decrease of -29.1%. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2018, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Bahrain.

From 2012 to 2018, the rate of growth in terms of prices for Bahrain amounted to 0.0% per year.

Imports of Wood Chips And Particles

Imports into Panama

Wood chips and particles imports into Panama rose significantly to X cubic meters in 2022, surging by 10% against the year before. Over the period under review, total imports indicated a measured expansion from 2017 to 2022: its volume increased at an average annual rate of +4.2% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.0% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 43%. As a result, imports attained the peak of X cubic meters. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wood chips and particles imports soared to $X in 2022. In general, total imports indicated a buoyant expansion from 2017 to 2022: its value increased at an average annual rate of +12.2% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.6% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of 29%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, the United States (X cubic meters) was the main supplier of wood chips and particles to Panama, accounting for a 92% share of total imports. Moreover, wood chips and particles imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X cubic meters), more than tenfold.

From 2017 to 2022, the average annual growth rate of volume from the United States totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+32.0% per year) and China (+100.0% per year).

In value terms, the United States ($X) constituted the largest supplier of wood chips and particles to Panama, comprising 96% of total imports. The second position in the ranking was held by Spain ($X), with a 2.9% share of total imports.

From 2017 to 2022, the average annual growth rate of value from the United States amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+14.6% per year) and China (+40.6% per year).

Import Prices by Country

The average wood chips and particles import price stood at $X per cubic meter in 2022, rising by 6.8% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +7.7%. The growth pace was the most rapid in 2018 an increase of 29%. The import price peaked 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 the United States ($X per cubic meter), while the price for Spain ($X per cubic meter) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform