Panama: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Panama

In 2022, after two years of decline, there was significant growth in the Panamanian vulcanised rubber erases market, when its value increased by X% to $X. Over the period under review, consumption enjoyed prominent growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Vulcanised Rubber Erases Production in Panama

In value terms, vulcanised rubber erases production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Vulcanised Rubber Erases Exports

Exports from Panama

After two years of decline, overseas shipments of erasers of vulcanised rubber increased by X% to X tons in 2022. Over the period under review, exports, however, faced a dramatic descent. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports skyrocketed to $X in 2022. Overall, exports, however, saw a precipitous setback. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for vulcanised rubber erases exports from Panama, with a X% share of total exports. Moreover, vulcanised rubber erases exports to Colombia exceeded the volume sent to the second major destination, Costa Rica (X kg), sixfold. Ecuador (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Ecuador (X% per year).

In value terms, Colombia ($X) remains the key foreign market for erasers of vulcanised rubber exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Ecuador (X% per year).

Export Prices by Country

The average vulcanised rubber erases export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The export price peaked at $X 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 export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to El Salvador ($X per ton) and Guatemala ($X per ton), while the average price for exports to Venezuela ($X per ton) and the United States ($X 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 Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Panama

In 2022, after two years of decline, there was significant growth in overseas purchases of erasers of vulcanised rubber, when their volume increased by X% to X tons. Overall, imports, however, continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, vulcanised rubber erases imports surged to $X in 2022. Over the period under review, imports, however, faced a abrupt decline. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of vulcanised rubber erases to Panama, accounting for a X% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Free Zones (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of erasers of vulcanised rubber to Panama, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Free Zones, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Free Zones (X% per year).

Import Prices by Country

The average vulcanised rubber erases import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price posted prominent growth. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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