Panama: Polyethylene Market 2024

Polyethylene Market Size in Panama

The Panamanian polyethylene market fell notably 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). Over the period under review, consumption, however, enjoyed significant growth. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Polyethylene Exports

Exports from Panama

In 2022, the amount of primary polyethylene with a specific gravity of over X exported from Panama skyrocketed to X tons, picking up by X% on the previous year. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene exports skyrocketed to $X in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Costa Rica (X tons) was the main destination for polyethylene exports from Panama, accounting for a X% share of total exports. Moreover, polyethylene exports to Costa Rica exceeded the volume sent to the second major destination, El Salvador (X tons), fourfold. Honduras (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Costa Rica stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Honduras (X% per year).

In value terms, Costa Rica ($X) remains the key foreign market for primary polyethylene with a specific gravity of over X exports from Panama, comprising X% of total exports. The second position in the ranking was held by El Salvador ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Costa Rica amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Honduras (X% per year).

Export Prices by Country

In 2022, the average polyethylene export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were El Salvador ($X per ton) and Honduras ($X per ton), while the average price for exports to Venezuela ($X per ton) and Canada ($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 El Salvador (X%), while the prices for the other major destinations experienced a decline.

Polyethylene Imports

Imports into Panama

Polyethylene imports into Panama contracted significantly to X tons in 2022, falling by X% against the previous year. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, polyethylene imports fell significantly to $X in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest polyethylene supplier to Panama, accounting for a X% share of total imports. Moreover, polyethylene imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X tons), eightfold. The third position in this ranking was taken by Mexico (X tons), with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of primary polyethylene with a specific gravity of over X to Panama, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Mexico (X% per year).

Import Prices by Country

The average polyethylene import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a abrupt setback. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Mexico ($X per ton), while the price for China ($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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