Panama: Soap And Detergent Market 2024

Soap And Detergent Market Size in Panama

The Panamanian soap and detergent market declined to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell in the following year.

Soap And Detergent Production in Panama

In value terms, soap and detergent production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Soap And Detergent Exports

Exports from Panama

Soap and detergent exports from Panama skyrocketed to X tons in 2022, growing by X% compared with the previous year's figure. Overall, exports, however, continue to indicate a pronounced shrinkage. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, soap and detergent exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Cuba (X tons) and Free Zones (X tons) were the main destinations of soap and detergent exports from Panama, together accounting for X% of total exports.

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, the largest markets for soap and detergent exported from Panama were the United States ($X), Trinidad and Tobago ($X) and Cuba ($X), together comprising X% of total exports. Costa Rica, Venezuela, El Salvador, Free Zones, Colombia, Honduras, the Dominican Republic, Nicaragua, Guatemala and Peru lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Free Zones, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 soap and detergent export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, showed a noticeable descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Soap And Detergent Imports

Imports into Panama

In 2022, approx. X tons of soap and detergents were imported into Panama; waning by X% on 2021 figures. Over the period under review, imports, however, continue to indicate a significant increase. 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 tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, soap and detergent imports declined modestly to $X in 2022. Overall, 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. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Guatemala (X tons), Colombia (X tons) and Costa Rica (X tons) were the main suppliers of soap and detergent imports to Panama, with a combined X% share of total imports.

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

In value terms, Guatemala ($X), the United States ($X) and Mexico ($X) appeared to be the largest soap and detergent suppliers to Panama, with a combined X% share of total imports. Colombia, Costa Rica, China and El Salvador lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Costa Rica, with a CAGR of X%, saw the highest rates of growth with regard to 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 soap and detergent import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked 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 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 Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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