Panama - Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Non-Aqueous Paint and Varnish in Panama - 2023
Contents:
- Price for Non-Aqueous Paint and Varnish in Panama (CIF) - 2023
- Price for Non-Aqueous Paint and Varnish in Panama (FOB) - 2022
- Imports of Non-Aqueous Paint and Varnish in Panama
- Exports of Non-Aqueous Paint and Varnish in Panama
Price for Non-Aqueous Paint and Varnish in Panama (CIF) - 2023
In September 2023, the average non-aqueous paint and varnish import price amounted to $3,534 per ton, which is down by -15% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 14% against the previous month. As a result, import price attained the peak level of $4,155 per ton, and then dropped in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($9,253 per ton), while the price for Guatemala ($2,164 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 Spain (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Aqueous Paint and Varnish in Panama (FOB) - 2022
In 2022, the average non-aqueous paint and varnish export price amounted to $3,838 per ton, dropping by -4.6% against the previous year. In general, the export price saw a noticeable shrinkage. The pace of growth was the most pronounced in 2016 when the average export price increased by 33%. As a result, the export price attained the peak level of $5,213 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($6,547 per ton), while the average price for exports to El Salvador ($2,495 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 the United States (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Non-Aqueous Paint and Varnish in Panama
In 2022, non-aqueous paint and varnish imports into Panama declined significantly to 8K tons, with a decrease of -22.1% against the previous year. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 40%.
In value terms, non-aqueous paint and varnish imports fell to $28M in 2022. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year.
Import of Non-Aqueous Paint and Varnish in Panama (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Costa Rica | 12.6 | 4.6 | 8.4 | 8.7 | -11.6% |
United States | 4.7 | 2.7 | 4.1 | 4.3 | -2.9% |
Free Zones | 5.7 | 5.0 | 3.9 | 4.0 | -11.1% |
El Salvador | 1.5 | 1.6 | 3.2 | 3.7 | 35.1% |
Guatemala | 0.9 | 1.0 | 1.8 | 2.2 | 34.7% |
Nicaragua | 1.7 | 0.9 | 2.0 | 1.3 | -8.6% |
China | 1.3 | 1.7 | 1.5 | 1.0 | -8.4% |
Mexico | 1.9 | 0.9 | 1.0 | 0.8 | -25.0% |
Hong Kong SAR | 0.8 | 0.6 | 0.6 | N/A | -13.4% |
Others | 3.3 | 1.7 | 2.7 | 2.3 | -11.3% |
Total | 34.4 | 20.6 | 29.3 | 28.3 | -6.3% |
Top Suppliers of Non-Aqueous Paint and Varnish to Panama in 2022:
- Costa Rica (2600.0 tons)
- Guatemala (1125.9 tons)
- United States (964.2 tons)
- El Salvador (907.1 tons)
- Free Zones (798.9 tons)
- Nicaragua (522.2 tons)
- China (416.3 tons)
- Mexico (197.0 tons)
- Hong Kong SAR (5.6 tons)
Exports of Non-Aqueous Paint and Varnish in Panama
In 2022, the amount of paints and varnishes dispersed or dissolved in a non-aqueous medium exported from Panama soared to 425 tons, rising by 17% on 2021 figures. In general, exports, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 47%. As a result, the exports attained the peak of 710 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, non-aqueous paint and varnish exports rose sharply to $1.6M in 2022. Overall, exports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year. As a result, the exports reached the peak of $2.8M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Non-Aqueous Paint and Varnish in Panama (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 700 | 1,191 | 1,092 | 1,036 | 14.0% |
United States | 91.1 | 205 | 4.3 | 116 | 8.4% |
Free Zones | 99.5 | 128 | 140 | 86.9 | -4.4% |
El Salvador | 8.5 | 91.7 | 19.4 | 79.4 | 110.6% |
Dominican Republic | 108 | 37.5 | 13.2 | 67.3 | -14.6% |
Venezuela | 144 | 88.5 | 29.7 | 48.1 | -30.6% |
Guatemala | 29.1 | 127 | 13.9 | 36.1 | 7.4% |
Trinidad and Tobago | 118 | 107 | 9.4 | 14.4 | -50.4% |
Costa Rica | 106 | 109 | 12.5 | 14.1 | -49.0% |
Colombia | 186 | 66.3 | 59.3 | 0.8 | -83.7% |
Others | 573 | 672 | 64.3 | 131 | -38.9% |
Total | 2,162 | 2,822 | 1,458 | 1,631 | -9.0% |
Top Export Markets for Non-Aqueous Paint and Varnish from Panama in 2022:
- Mexico (276.8 tons)
- El Salvador (31.8 tons)
- United States (25.0 tons)
- Dominican Republic (21.1 tons)
- Free Zones (16.9 tons)
- Venezuela (12.1 tons)
- Guatemala (11.0 tons)
- Costa Rica (2.8 tons)
- Trinidad and Tobago (2.2 tons)
- Colombia (0.1 tons)
This report provides an in-depth analysis of the market for non-aqueous paint and varnish 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 20301225 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium, weight of the solvent > .50 % of the weight of the solution including enamels and lacquers
- Prodcom 20301229 - Paints and varnishes, based on polyesters dispersed/dissolved in a non-aqueous medium including enamels and lacquers excluding weight of the solvent > .50 % of the weight of the solution
- Prodcom 20301230 - Paints and varnishes, based on acrylic or vinyl polymers dispersed/dissolved in non-aqueous medium, weight of the solvent > .50 % of the solution weight including enamels and lacquers
- Prodcom 20301250 - Other paints and varnishes based on acrylic or vinyl polymers
- Prodcom 20301270 - Paints and varnishes: solutions n.e.c.
- Prodcom 20301290 - Other paints and varnishes based on synthetic polymers n.e.c.
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
This report provides an in-depth analysis of the market for non-aqueous paint and varnish in Panama.
This report provides an in-depth analysis of the paint and varnish market in Panama.
This report provides an in-depth analysis of the global market for non-aqueous paint and varnish.
This report provides an in-depth analysis of the global paint and varnish market.
This report provides an in-depth analysis of the market for non-aqueous paint and varnish in Panama.
This report provides an in-depth analysis of the global market for non-aqueous paint and varnish.
Explore the top import markets for paint and varnish worldwide, including China, Canada, Germany, and more. Discover key statistics, import values, and growth potential. Leverage the IndexBox market intelligence platform for in-depth analysis and insights.
Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...