Panama: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Panama

After two years of growth, the Panamanian market for rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by X% to $X in 2022. Over the period under review, consumption continues to indicate a slight reduction. Vinyl chloride polymer rigid pipes consumption peaked at $X in 2021, and then dropped notably in the following year.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Panama

In value terms, vinyl chloride polymer rigid pipes production surged to $X in 2022 estimated in export price. Overall, production, however, saw a deep setback. The growth pace was the most rapid in 2020 with an increase of X%. Vinyl chloride polymer rigid pipes production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Panama

Vinyl chloride polymer rigid pipes exports from Panama soared to X tons in 2022, growing by X% against 2021 figures. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, vinyl chloride polymer rigid pipes exports surged to $X in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bahamas (X tons), the United States (X tons) and Costa Rica (X tons) were the main destinations of vinyl chloride polymer rigid pipes 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 Bahamas (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vinyl chloride polymer rigid pipes exported from Panama were Bahamas ($X), the United States ($X) and Costa Rica ($X), together accounting for X% of total exports.

Bahamas, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price saw a noticeable reduction. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Bahamas ($X per ton), while the average price for exports to Costa Rica ($X per ton) and Guatemala ($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 Cuba (X%), while the prices for the other major destinations experienced a decline.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Panama

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of vinyl chloride were imported into Panama; falling by X% against the year before. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then reduced sharply in the following year.

In value terms, vinyl chloride polymer rigid pipes imports contracted remarkably to $X in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell dramatically in the following year.

Imports by Country

In 2022, Costa Rica (X tons) constituted the largest vinyl chloride polymer rigid pipes supplier to Panama, accounting for a X% share of total imports. Moreover, vinyl chloride polymer rigid pipes imports from Costa Rica exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. Guatemala (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 Costa Rica amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Guatemala (X% per year).

In value terms, Costa Rica ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Panama, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

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

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform