Panama - Carboys, Bottles And Similar Articles Of Plastics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Bottle Price in Panama - 2023
Contents:
- Plastic Bottle Price in Panama (CIF) - 2023
- Plastic Bottle Price in Panama (FOB) - 2022
- Plastic Bottle Imports in Panama
- Plastic Bottle Exports in Panama
Plastic Bottle Price in Panama (CIF) - 2023
The average plastic bottle import price stood at $3,000 per ton in September 2023, waning by -2.4% against the previous month. In general, the import price recorded a mild contraction. The most prominent rate of growth was recorded in June 2023 an increase of 5.7% m-o-m. The import price peaked at $3,464 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Free Zones ($4,684 per ton), while the price for Ecuador ($1,614 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Colombia (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Plastic Bottle Price in Panama (FOB) - 2022
The average plastic bottle export price stood at $2,573 per ton in 2022, growing by 6.1% against the previous year. Overall, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 31% against the previous year. As a result, the export price reached the peak level of $10,923 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,790 per ton), while the average price for exports to Mexico ($2,500 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 Nicaragua (-1.1%), while the prices for the other major destinations experienced a decline.
Plastic Bottle Imports in Panama
In 2022, the amount of carboys, bottles and similar articles of plastics imported into Panama contracted remarkably to 14K tons, shrinking by -16% on 2021 figures. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of 16K tons, and then reduced notably in the following year.
In value terms, plastic bottle imports rose notably to $43M in 2022. The total import value increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
Import of Plastic Bottle in Panama (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Costa Rica | 14.5 | 13.3 | 17.0 | 16.8 | 5.0% |
El Salvador | 3.5 | 2.5 | 3.6 | 5.5 | 16.3% |
Peru | 3.6 | 2.4 | 3.9 | 4.2 | 5.3% |
China | 3.9 | 4.2 | 2.5 | 3.0 | -8.4% |
Colombia | 1.6 | 2.1 | 2.5 | 2.6 | 17.6% |
Guatemala | 1.2 | 1.3 | 2.0 | 1.9 | 16.6% |
Dominican Republic | 0.7 | 1.3 | 2.4 | 1.9 | 39.5% |
Mexico | 1.3 | 1.2 | 1.3 | 1.7 | 9.4% |
Ecuador | 1.3 | 1.0 | 1.5 | 0.9 | -11.5% |
Turkey | 0.7 | 0.4 | 0.4 | 0.4 | -17.0% |
Others | 3.7 | 2.9 | 2.4 | 4.0 | 2.6% |
Total | 36.0 | 32.8 | 39.5 | 42.9 | 6.0% |
Top Suppliers of Plastic Bottle to Panama in 2022:
- Costa Rica (5.4K tons)
- El Salvador (2.3K tons)
- Peru (2.0K tons)
- Dominican Republic (0.7K tons)
- Colombia (0.6K tons)
- China (0.6K tons)
- Guatemala (0.5K tons)
- Ecuador (0.4K tons)
- Mexico (0.3K tons)
- Turkey (0.2K tons)
Plastic Bottle Exports in Panama
In 2022, overseas shipments of carboys, bottles and similar articles of plastics increased by 257% to 36 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a dramatic contraction.
In value terms, plastic bottle exports soared to $93K in 2022. Over the period under review, exports, however, showed a sharp descent.
Export of Plastic Bottle in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 21.3 | 113 | N/A | 53.6 | 36.0% |
Costa Rica | 308 | 228 | 16.7 | 27.5 | -55.3% |
United States | 39.7 | 37.0 | 0.1 | 11.9 | -33.1% |
Free Zones | 89.2 | 0.1 | N/A | N/A | -99.9% |
Venezuela | 119 | 101 | N/A | N/A | -15.1% |
Dominican Republic | 108 | 113 | N/A | N/A | 4.6% |
Colombia | 304 | 147 | N/A | N/A | -51.6% |
Guatemala | 141 | 33.1 | N/A | N/A | -76.5% |
Nicaragua | 214 | 233 | N/A | N/A | 8.9% |
El Salvador | 180 | 145 | N/A | N/A | -19.4% |
Honduras | 115 | 159 | 6.1 | N/A | -77.0% |
Jamaica | 64.2 | 134 | N/A | N/A | 108.7% |
Others | 1,064 | 1,172 | 1.7 | N/A | -96.0% |
Total | 2,767 | 2,616 | 24.6 | 93.1 | -67.7% |
Top Export Markets for Plastic Bottle from Panama in 2022:
- Mexico (21.5 tons)
- Costa Rica (10.5 tons)
- United States (4.3 tons)
This report provides an in-depth analysis of the plastic bottle 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 22221450 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity . 2 litres
- Prodcom 22221470 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity > 2 litres
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
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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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