Panama: Sulphite Wrapping Paper Market 2024

Sulphite Wrapping Paper Market Size in Panama

The Panamanian sulphite wrapping paper market declined to $X in 2022, dropping by X% against the previous year. Overall, consumption showed a deep reduction. Sulphite wrapping paper consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sulphite Wrapping Paper Production in Panama

In value terms, sulphite wrapping paper production contracted to $X in 2022 estimated in export price. In general, production faced a deep slump. The pace of growth was the most pronounced in 2018 with an increase of X%. Sulphite wrapping paper production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sulphite Wrapping Paper Exports

Exports from Panama

In 2022, approx. X kg of sulphite wrapping paper were exported from Panama; picking up by X% on the previous year's figure. Over the period under review, exports, however, faced a dramatic setback. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sulphite wrapping paper exports skyrocketed to $X in 2022. In general, exports, however, recorded a sharp decline. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Dominican Republic (X kg) was the main destination for sulphite wrapping paper exports from Panama, accounting for a X% share of total exports. Moreover, sulphite wrapping paper exports to the Dominican Republic exceeded the volume sent to the second major destination, Venezuela (X kg), fivefold. Guatemala (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Dominican Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and Guatemala (X% per year).

In value terms, the largest markets for sulphite wrapping paper exported from Panama were El Salvador ($X), the Dominican Republic ($X) and Guatemala ($X), together comprising X% of total exports. Venezuela, Jamaica and Grenada lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Grenada, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average sulphite wrapping paper export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Venezuela ($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 Grenada (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sulphite Wrapping Paper Imports

Imports into Panama

Sulphite wrapping paper imports into Panama shrank to X tons in 2022, falling by X% on the previous year's figure. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, sulphite wrapping paper imports stood at $X in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest sulphite wrapping paper supplier to Panama, accounting for a X% share of total imports. Moreover, sulphite wrapping paper imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), eightfold. The third position in this ranking was taken by Italy (X kg), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of sulphite wrapping paper to Panama, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Italy (X% per year).

Import Prices by Country

The average sulphite wrapping paper import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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