Report Update: May 1, 2024

Panama - Polyethylene in Primary Forms - Market Analysis, Forecast, Size, Trends And Insights

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Price for Polyethylene in Primary Forms in Panama - 2023

Price for Polyethylene in Primary Forms in Panama (CIF) - 2022

The average polyethylene in primary forms import price stood at $1,878 per ton in 2022, increasing by 5% against the previous year. In general, the import price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 an increase of 59%. Over the period under review, average import prices attained the maximum at $4,303 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($2,809 per ton), while the price for the United States ($1,675 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+30.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Polyethylene in Primary Forms in Panama (FOB) - 2022

The average polyethylene in primary forms export price stood at $648 per ton in 2022, rising by 22% against the previous year. In general, the export price, however, faced a deep setback. The most prominent rate of growth was recorded in 2016 an increase of 138% against the previous year. The export price peaked at $4,600 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were El Salvador ($729 per ton) and Honduras ($696 per ton), while the average price for exports to Venezuela ($530 per ton) and Canada ($530 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 El Salvador (-7.4%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene in Primary Forms in Panama

In 2022, approx. 5K tons of polyethylene in primary forms were imported into Panama; falling by -5.4% compared with the year before. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of 5.3K tons, and then fell in the following year.

In value terms, polyethylene in primary forms imports contracted slightly to $9.4M in 2022. Over the period under review, imports, however, showed a strong increase. The growth pace was the most rapid in 2021 with an increase of 98% against the previous year. As a result, imports attained the peak of $9.4M, leveling off in the following year.

Import of Polyethylene in Primary Forms in Panama (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	3.2	3.3	3.4	5.8	21.9%
South Korea	0.6	0.6	0.7	2.1	51.8%
Mexico	1.6	0.6	1.5	0.8	-20.6%
Colombia	N/A	0.1	0.1	0.3	73.2%
China	0.1	N/A	0.4	0.2	26.0%
Others	0.3	0.2	3.4	0.2	-12.6%
Total	5.8	4.8	9.4	9.4	17.5%

Top Suppliers of Polyethylene in Primary Forms to Panama in 2022:

United States (3461.2 tons)
South Korea (914.6 tons)
Mexico (285.1 tons)
China (112.5 tons)
Colombia (96.8 tons)

Exports of Polyethylene in Primary Forms in Panama

In 2022, overseas shipments of polyethylene in primary forms increased by 7,216% to 1.5K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene in primary forms exports soared to $963K in 2022. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Polyethylene in Primary Forms in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Costa Rica	N/A	10.8	9.0	602	646.6%
El Salvador	N/A	5.5	N/A	206	512.0%
Honduras	N/A	N/A	N/A	110	0%
Venezuela	77.9	10.4	N/A	22.8	-33.6%
Canada	N/A	N/A	N/A	15.0	0%
Others	6.9	5.6	1.8	6.5	-2.0%
Total	84.7	32.4	10.8	963	124.9%

Top Export Markets for Polyethylene in Primary Forms from Panama in 2022:

Costa Rica (961.2 tons)
El Salvador (283.0 tons)
Honduras (157.8 tons)
Venezuela (42.9 tons)
Canada (28.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for polyethylene in primary forms 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 20161035 - Linear polyethylene having a specific gravity < 0,94, in primary forms
Prodcom 20161039 - Polyethylene having a specific gravity < 0,94, in primary forms (excluding linear)
Prodcom 20161050 - Polyethylene having a specific gravity of . 0,94, in primary forms

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023