Panama: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Panama

The Panamanian market for plastic plates, sheets, film, foil and strip dropped slightly to $X in 2022, waning 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). In general, consumption, however, recorded a significant expansion. Consumption of peaked at $X in 2021, and then shrank modestly in the following year.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Panama

Exports of plastic plates, sheets, film, foil and strip from Panama skyrocketed to X tons in 2022, increasing by X% against the previous year. Over the period under review, exports posted slight growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of plastic plates, sheets, film, foil and strip rose remarkably to $X in 2022. Overall, exports, however, continue to indicate a noticeable setback. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Venezuela (X tons), Costa Rica (X tons) and the Dominican Republic (X tons) were the main destinations of exports of plastic plates, sheets, film, foil and strip from Panama, with a combined X% share of total exports. Free Zones, Jamaica, Honduras, Guatemala, Curacao, Peru, Colombia, Trinidad and Tobago and Cuba lagged somewhat behind, together comprising a further X%.

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

In value terms, Venezuela ($X), Jamaica ($X) and the Dominican Republic ($X) appeared to be the largest markets for plastic plate, sheet, film, foil and strip exported from Panama worldwide, with a combined X% share of total exports. Costa Rica, Free Zones, Peru, Colombia, Curacao, Trinidad and Tobago, Guatemala, Honduras and Cuba lagged somewhat behind, together comprising a further X%.

Free Zones, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for plastic plates, sheets, film, foil and strip amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price saw a pronounced descent. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Panama

In 2022, the amount of plastic plates, sheets, film, foil and strip imported into Panama dropped to X tons, with a decrease of X% against 2021. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports of attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, imports of plastic plates, sheets, film, foil and strip totaled $X in 2022. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic plate, sheet, film, foil and strip to Panama, with a X% share of total imports. Moreover, imports of plastic plates, sheets, film, foil and strip from China exceeded the figures recorded by the second-largest supplier, Costa Rica (X tons), twofold. Peru (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and Peru (X% per year).

In value terms, China ($X), Costa Rica ($X) and Peru ($X) were the largest plastic plate, sheet, film, foil and strip suppliers to Panama, together accounting for X% of total imports. Guatemala, the United States, Mexico, Colombia, Free Zones, El Salvador, the Dominican Republic, Malaysia, Ecuador and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Ecuador, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 plates, sheets, film, foil and strip amounted to $X per ton, picking up by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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