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Panama - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Closure Price in Panama - 2023
Contents:
- Plastic Closure Price in Panama (CIF) - 2023
- Plastic Closure Price in Panama (FOB) - 2022
- Plastic Closure Imports in Panama
- Plastic Closure Exports in Panama
Plastic Closure Price in Panama (CIF) - 2023
In September 2023, the average plastic closure import price amounted to $5,138 per ton, jumping by 29% against the previous month. In general, the import price, however, recorded a slight curtailment. The import price peaked at $6,243 per ton in March 2023; however, from April 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($9,277 per ton), while the price for China ($3,430 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Closure Price in Panama (FOB) - 2022
In 2022, the average plastic closure export price amounted to $4,246 per ton, waning by -14.3% against the previous year. Overall, the export price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 36%. Over the period under review, the average export prices attained the maximum at $7,626 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($5,270 per ton), while the average price for exports to Costa Rica ($3,330 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 the United States (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.
Plastic Closure Imports in Panama
In 2022, the amount of plastic stoppers, caps and closures imported into Panama declined to 3.8K tons, waning by -6.2% against the previous year's figure. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 27%. As a result, imports attained the peak of 4K tons, and then reduced in the following year.
In value terms, plastic closure imports totaled $20M in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 36%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
Import of Plastic Closure in Panama (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 2.6 | 2.9 | 3.9 | 4.5 | 20.1% |
Guatemala | 2.6 | 1.6 | 3.0 | 2.7 | 1.3% |
China | 1.8 | 2.2 | 2.8 | 2.7 | 14.5% |
United States | 3.3 | 1.9 | 2.6 | 1.6 | -21.4% |
Colombia | 0.9 | 1.1 | 1.5 | 1.4 | 15.9% |
Turkey | 0.6 | 0.5 | 0.8 | 1.2 | 26.0% |
Costa Rica | 1.3 | 1.1 | 1.3 | 1.1 | -5.4% |
El Salvador | 0.3 | 0.4 | 0.4 | 0.8 | 38.7% |
Free Zones | 0.3 | 0.2 | 0.5 | 0.6 | 26.0% |
Germany | 0.3 | 0.2 | 0.2 | 0.5 | 18.6% |
Sweden | N/A | 0.1 | 0.2 | 0.4 | 100.0% |
Dominican Republic | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
Ecuador | 0.1 | 0.4 | 0.2 | 0.2 | 26.0% |
Others | 1.8 | 1.6 | 1.9 | 2.0 | 3.6% |
Total | 16.1 | 14.3 | 19.4 | 20.0 | 7.5% |
Top Suppliers of Plastic Closure to Panama in 2022:
- Mexico (793.2 tons)
- China (583.8 tons)
- Guatemala (570.7 tons)
- Costa Rica (242.4 tons)
- United States (225.0 tons)
- Colombia (197.3 tons)
- Turkey (196.5 tons)
- Free Zones (152.0 tons)
- El Salvador (147.7 tons)
- Germany (108.6 tons)
- Dominican Republic (93.1 tons)
- Sweden (76.2 tons)
- Ecuador (70.8 tons)
Plastic Closure Exports in Panama
In 2022, the amount of plastic stoppers, caps and closures exported from Panama dropped sharply to 11 tons, with a decrease of -40.5% on 2021 figures. Overall, exports faced a sharp slump.
In value terms, plastic closure exports fell rapidly to $47K in 2022. Over the period under review, exports recorded a dramatic decline. The smallest decline of -40.7% was in 2020.
Export of Plastic Closure in Panama (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ecuador | 73.4 | 53.0 | 52.0 | 26.6 | -28.7% |
Dominican Republic | 13.7 | 39.0 | 37.8 | 13.2 | -1.2% |
Costa Rica | 29.2 | 29.7 | 2.0 | 6.1 | -40.7% |
United States | 6.1 | 35.7 | N/A | 0.9 | -47.2% |
Free Zones | 43.5 | 13.1 | N/A | N/A | -69.9% |
Venezuela | 60.7 | 34.5 | N/A | N/A | -43.2% |
Colombia | 160 | 11.4 | N/A | N/A | -92.9% |
Guatemala | 13.4 | 16.6 | N/A | N/A | 23.9% |
Trinidad and Tobago | 18.5 | 12.2 | N/A | N/A | -34.1% |
Nicaragua | 20.5 | 10.9 | N/A | N/A | -46.8% |
Curacao | 22.4 | 29.2 | N/A | N/A | 30.4% |
Honduras | 13.3 | 21.4 | N/A | N/A | 60.9% |
Jamaica | 45.2 | 20.3 | N/A | N/A | -55.1% |
Others | 336 | 181 | N/A | N/A | -46.1% |
Total | 855 | 508 | 91.8 | 46.8 | -62.0% |
Top Export Markets for Plastic Closure from Panama in 2022:
- Ecuador (5.0 tons)
- Dominican Republic (4.0 tons)
- Costa Rica (1.8 tons)
- United States (0.2 tons)
This report provides an in-depth analysis of the plastic closure 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 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
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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