Panama - Base Metal Closures, Stoppers, Caps And Lids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Closure Price in Panama - 2023
Contents:
- Base Metal Closure Price in Panama (CIF) - 2023
- Base Metal Closure Price in Panama (FOB) - 2022
- Base Metal Closure Imports in Panama
- Base Metal Closure Exports in Panama
Base Metal Closure Price in Panama (CIF) - 2023
The average base metal closure import price stood at $8,015 per ton in November 2023, rising by 42% against the previous month. In general, the import price showed a relatively flat trend pattern. The import price peaked at $8,495 per ton in May 2023; however, from June 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($26,000 per ton), while the price for Costa Rica ($6,108 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Costa Rica (+5.6%), while the prices for the other major suppliers experienced a decline.
Base Metal Closure Price in Panama (FOB) - 2022
The average base metal closure export price stood at $6,073 per ton in 2022, remaining constant against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 8.2%. Over the period under review, the average export prices attained the peak figure at $6,989 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Colombia ($6,378 per ton) and Nicaragua ($6,359 per ton), while the average price for exports to Free Zones ($5,872 per ton) and Jamaica ($5,876 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 Free Zones (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.
Base Metal Closure Imports in Panama
In 2022, approx. 2.5K tons of base metal closures, stoppers, caps and lids were imported into Panama; picking up by 4.5% compared with the previous year. The total import volume increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 44% against the previous year. As a result, imports attained the peak of 3.3K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, base metal closure imports soared to $18M in 2022. The total import value increased at an average annual rate of +13.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Base Metal Closure in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 8.6 | 7.5 | 10.5 | 14.2 | 18.2% |
| Costa Rica | 1.7 | 1.6 | 1.8 | 1.9 | 3.8% |
| Spain | 0.7 | 3.0 | 0.3 | 0.4 | -17.0% |
| China | 0.3 | 0.3 | 0.1 | 0.2 | -12.6% |
| Free Zones | 0.1 | 0.8 | 0.2 | 0.2 | 26.0% |
| Others | 1.0 | 0.8 | 0.9 | 1.1 | 3.2% |
| Total | 12.5 | 13.9 | 13.9 | 18.0 | 12.9% |
Top Suppliers of Base Metal Closure to Panama in 2022:
- Mexico (1676.3 tons)
- Costa Rica (614.3 tons)
- Free Zones (51.5 tons)
- China (44.8 tons)
- Spain (14.9 tons)
Base Metal Closure Exports in Panama
For the third year in a row, Panama recorded decline in overseas shipments of base metal closures, stoppers, caps and lids, which decreased by 0% to 16 tons in 2022. Over the period under review, exports showed a sharp reduction. The smallest decline of -49.6% was in 2020.
In value terms, base metal closure exports totaled $99K in 2022. Overall, exports showed a dramatic contraction. The smallest decline of -51.1% was in 2020.
| Export of Base Metal Closure in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 110 | 50.3 | N/A | 20.1 | -43.3% |
| Free Zones | 2.0 | 55.5 | N/A | 15.1 | 96.2% |
| Guatemala | 25.8 | 3.4 | N/A | 7.8 | -32.9% |
| Honduras | 37.6 | 8.1 | N/A | 5.6 | -47.0% |
| Nicaragua | 2.9 | 1.3 | N/A | 5.2 | 21.5% |
| Costa Rica | 15.1 | 0.7 | N/A | 5.1 | -30.4% |
| Colombia | 0.8 | 0.7 | N/A | 4.7 | 80.4% |
| United States | 22.3 | 0.9 | N/A | 2.7 | -50.5% |
| El Salvador | 9.0 | 5.3 | N/A | 2.1 | -38.4% |
| Jamaica | 1.5 | 7.5 | N/A | 2.0 | 10.1% |
| Trinidad and Tobago | 9.5 | 0.3 | N/A | 1.9 | -41.5% |
| Barbados | 19.0 | 0.1 | N/A | N/A | -99.5% |
| Guyana | 9.7 | N/A | N/A | N/A | 0% |
| Others | 140 | 63.8 | N/A | 26.4 | -42.7% |
| Total | 404 | 198 | N/A | 98.9 | -37.4% |
Top Export Markets for Base Metal Closure from Panama in 2022:
- Venezuela (3.3 tons)
- Free Zones (2.6 tons)
- Guatemala (1.2 tons)
- Honduras (0.9 tons)
- Nicaragua (0.8 tons)
- Costa Rica (0.8 tons)
- Colombia (0.7 tons)
- United States (0.5 tons)
- Jamaica (0.3 tons)
- El Salvador (0.3 tons)
- Trinidad and Tobago (0.3 tons)
This report provides an in-depth analysis of the base metal closure market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25921370 - Base metal closures, stoppers, caps and lids (excluding of lead, crown corks, aluminium closures, stoppers, caps and lids of a diameter > .21 mm)
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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