Panama: Metal Advertising Sign Market 2024

Metal Advertising Sign Market Size in Panama

In 2020, the Panamanian metal advertising sign market increased by X% to $X, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in the near future.

Metal Advertising Sign Production in Panama

In value terms, metal advertising sign production skyrocketed to $X in 2020 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by X% against 2017 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Metal Advertising Sign Exports

Exports from Panama

In 2020, overseas shipments of metal advertising signs decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2020, the exports remained at a lower figure.

In value terms, metal advertising sign exports rose rapidly to $X in 2020. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2020, the growth of the exports failed to regain momentum.

Exports by Country

Honduras (X tons) was the main destination for metal advertising sign exports from Panama, accounting for a X% share of total exports. Moreover, metal advertising sign exports to Honduras exceeded the volume sent to the second major destination, Colombia (X tons), fourfold. The third position in this ranking was taken by Guatemala (X tons), with an X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Honduras stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Guatemala (X% per year).

In value terms, Honduras ($X) remains the key foreign market for metal advertising signs exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2020, the average annual growth rate of value to Honduras totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2020, the average metal advertising sign export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price posted a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Cuba ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Advertising Sign Imports

Imports into Panama

In 2020, the amount of metal advertising signs imported into Panama shrank notably to X tons, reducing by X% against the year before. Over the period under review, imports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at X tons in 2019, and then plummeted in the following year.

In value terms, metal advertising sign imports reduced markedly to $X in 2020. Overall, imports continue to indicate a significant decrease. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019, and then contracted remarkably in the following year.

Imports by Country

In 2020, Germany (X tons) was the main supplier of metal advertising sign to Panama, accounting for a X% share of total imports. It was followed by Costa Rica (X kg), with a X% share of total imports. The third position in this ranking was held by China (X kg), with a X% share.

From 2012 to 2020, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and China (X% per year).

In value terms, Germany ($X) constituted the largest supplier of metal advertising signs to Panama, comprising X% of total imports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2020, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and the United States (X% per year).

Import Prices by Country

In 2020, the average metal advertising sign import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price showed a perceptible reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :