Panama: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Panama

The Panamanian market for floor, wall or ceiling coverings of plastics fell modestly to $X in 2022, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a significant increase. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Panama

In 2022, shipments abroad of floor, wall or ceiling coverings of plastics decreased by X% to X square meters, falling for the third consecutive year after three years of growth. In general, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X square meters. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of floor, wall or ceiling coverings of plastics totaled $X in 2022. Overall, exports recorded a perceptible decrease. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Panama, accounting for a X% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to the United Arab Emirates exceeded the volume sent to the second major destination, Colombia (X square meters), more than tenfold. The third position in this ranking was taken by Cuba (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Cuba (X% per year).

It was followed by Cuba, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Cuba (X% per year).

Export Prices by Country

In 2022, the average export price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, remaining relatively unchanged against the previous year. Overall, the export price recorded a slight expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per square meter), while the average price for exports to the United Arab Emirates ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Panama

In 2022, imports of floor, wall or ceiling coverings of plastics into Panama reduced to X square meters, which is down by X% on 2021 figures. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at X square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of floor, wall or ceiling coverings of plastics stood at $X in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X square meters) constituted the largest plastic floor, wall and ceiling coverings supplier to Panama, with a X% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, Free Zones (X square meters), more than tenfold. The third position in this ranking was held by South Korea (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of floor, wall or ceiling coverings of plastics to Panama, comprising X% of total imports. The second position in the ranking was taken by Free Zones ($X), with a X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

In 2022, the average import price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, picking up by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per square meter in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per square meter), while the price for Vietnam ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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