Panama: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Panama

For the third consecutive year, the Panamanian market for plastic hoses and hose fittings recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption, however, saw moderate growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Plastic Hoses and Hose Fittings in Panama

In value terms, plastic hose and hose fitting production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced reduction. The pace of growth appeared the most rapid in 2014 with an increase of X%. Plastic hose and hose fitting production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Panama

In 2022, approx. X tons of plastic hoses and hose fittings were exported from Panama; leveling off at 2021 figures. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic hose and hose fitting exports totaled $X in 2022. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Colombia (X tons), the United States (X tons) and Venezuela (X tons) were the main destinations of plastic hose and hose fitting exports from Panama, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for plastic hose and hose fitting exported from Panama were Cuba ($X), Colombia ($X) and Venezuela ($X), together accounting for X% of total exports. Costa Rica, Honduras, the United States, Trinidad and Tobago, Nicaragua, Ecuador, the Dominican Republic, Guyana, Guatemala and Jamaica lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Honduras, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for plastic hoses and hose fittings amounted to $X per ton, approximately equating the previous year. Overall, the export price enjoyed a mild increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to the United States ($X 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 Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Panama

In 2022, approx. X tons of plastic hoses and hose fittings were imported into Panama; increasing by X% compared with the previous year. Over the period under review, imports showed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic hose and hose fitting imports surged to $X in 2022. Overall, imports showed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Australia (X tons) and Mexico (X tons) were the main suppliers of plastic hose and hose fitting imports to Panama, together comprising X% of total imports. Colombia, the United States, Free Zones, Italy and South Africa lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Free Zones (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic hose and hose fitting suppliers to Panama were Australia ($X), the United States ($X) and China ($X), together comprising X% of total imports. Mexico, Colombia, Free Zones, Italy and South Africa lagged somewhat behind, together accounting for a further X%.

Free Zones, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for plastic hoses and hose fittings amounted to $X per ton, jumping by X% against the previous year. In general, the import price posted a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :