Panama - Plastic Boxes, Cases, Crates And Similar Packing Articles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Box Price in Panama - 2023
Contents:
- Plastic Box Price in Panama (CIF) - 2023
- Plastic Box Price in Panama (FOB) - 2022
- Plastic Box Imports in Panama
- Plastic Box Exports in Panama
Plastic Box Price in Panama (CIF) - 2023
The average plastic box import price stood at $3,247 per ton in July 2023, dropping by -8% against the previous month. Overall, the import price continues to indicate a mild decrease. The growth pace was the most rapid in June 2023 an increase of 19% month-to-month. Over the period under review, average import prices hit record highs at $3,788 per ton in September 2022; however, from October 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($4,744 per ton), while the price for the UK ($2,348 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Box Price in Panama (FOB) - 2022
The average plastic box export price stood at $3,789 per ton in 2022, which is down by -2.1% against the previous year. Over the period under review, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 5.6%. The export price peaked at $5,058 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($3,874 per ton), while the average price for exports to Nicaragua totaled $1,939 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.
Plastic Box Imports in Panama
In 2022, the amount of plastic boxes, cases, crates and similar packing articles imported into Panama surged to 6.8K tons, picking up by 31% on the previous year. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, plastic box imports skyrocketed to $24M in 2022. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
Import of Plastic Box in Panama (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 1.4 | 1.6 | 2.0 | 5.5 | 57.8% |
Guatemala | 0.4 | 0.6 | 1.9 | 3.4 | 104.1% |
United States | 2.4 | 1.7 | 3.8 | 3.2 | 10.1% |
Costa Rica | 3.4 | 2.2 | 2.8 | 3.1 | -3.0% |
Honduras | 3.0 | 0.1 | 0.5 | 2.3 | -8.5% |
Jamaica | N/A | N/A | N/A | 1.5 | 0% |
El Salvador | 0.7 | 0.6 | 1.1 | 0.9 | 8.7% |
China | 1.5 | 0.8 | 1.1 | 0.9 | -15.7% |
United Kingdom | 1.3 | 1.4 | 1.4 | 0.6 | -22.7% |
Colombia | 0.4 | 0.3 | 0.4 | 0.5 | 7.7% |
Free Zones | 0.4 | 0.2 | 0.4 | 0.2 | -20.6% |
Taiwan (Chinese) | 0.3 | 0.5 | 0.1 | N/A | -42.3% |
Others | 1.7 | 1.3 | 1.6 | 2.1 | 7.3% |
Total | 17.0 | 11.3 | 17.0 | 24.3 | 12.6% |
Top Suppliers of Plastic Box to Panama in 2022:
- Mexico (1325.2 tons)
- Costa Rica (1163.3 tons)
- United States (1031.6 tons)
- Guatemala (916.1 tons)
- Honduras (619.3 tons)
- Jamaica (487.1 tons)
- United Kingdom (258.0 tons)
- China (247.0 tons)
- El Salvador (186.8 tons)
- Colombia (94.7 tons)
- Free Zones (55.8 tons)
- Taiwan (Chinese) (8.1 tons)
Plastic Box Exports in Panama
In 2022, approx. 16 tons of plastic boxes, cases, crates and similar packing articles were exported from Panama; growing by 353% compared with the year before. Over the period under review, exports, however, saw a precipitous slump.
In value terms, plastic box exports skyrocketed to $61K in 2022. In general, exports, however, saw a sharp downturn.
Export of Plastic Box in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Free Zones | 81.1 | 0.6 | 13.9 | 60.0 | -9.6% |
Nicaragua | 95.9 | 67.7 | N/A | 1.4 | -75.6% |
Ecuador | 31.6 | 23.5 | N/A | N/A | -25.6% |
Venezuela | 84.1 | 54.6 | N/A | N/A | -35.1% |
Dominican Republic | 44.0 | 24.6 | N/A | N/A | -44.1% |
Colombia | 27.6 | 145 | N/A | N/A | 425.4% |
Aruba | 31.6 | 7.5 | N/A | N/A | -76.3% |
Trinidad and Tobago | 29.4 | 44.1 | N/A | N/A | 50.0% |
Costa Rica | 50.5 | 138 | N/A | N/A | 173.3% |
Guyana | 61.4 | 158 | N/A | N/A | 157.3% |
Cuba | 139 | 115 | N/A | N/A | -17.3% |
Honduras | 32.6 | 9.4 | N/A | N/A | -71.2% |
Others | 443 | 470 | N/A | N/A | 6.1% |
Total | 1,152 | 1,259 | 13.9 | 61.4 | -62.4% |
Top Export Markets for Plastic Box from Panama in 2022:
- Free Zones (15.5 tons)
- Nicaragua (0.7 tons)
This report provides an in-depth analysis of the plastic box market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22221300 - Plastic boxes, cases, crates and similar articles for the conveyance or packing of goods
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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