Panama: Fiberboard Market 2024

Fiberboard Market Size in Panama

The Panamanian fiberboard market was estimated at $X in 2022, remaining stable against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Fiberboard Production in Panama

In value terms, fiberboard production reduced modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Fiberboard Exports

Exports from Panama

In 2022, after two years of growth, there was significant decline in shipments abroad of fiber board of wood or other ligneous materials, when their volume decreased by X% to X cubic meters. Over the period under review, exports saw a abrupt slump. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, fiberboard exports fell markedly to $X in 2022. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X cubic meters) was the main destination for fiberboard exports from Panama, with a X% share of total exports. Moreover, fiberboard exports to the Dominican Republic exceeded the volume sent to the second major destination, Costa Rica (X cubic meters), twofold. Cuba (X cubic meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Dominican Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Cuba (X% per year).

In value terms, the Dominican Republic ($X), Costa Rica ($X) and Honduras ($X) appeared to be the largest markets for fiberboard exported from Panama worldwide, with a combined X% share of total exports. Cuba, Trinidad and Tobago, Nicaragua and Aruba lagged somewhat behind, together accounting for a further X%.

Nicaragua, with a CAGR of X%, saw the highest rates of growth with regard to 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 fiberboard export price stood at $X per cubic meter in 2022, reducing by X% against the previous year. Over the period under review, the export price showed a perceptible reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2016; however, from 2017 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 Honduras ($X per cubic meter), while the average price for exports to the Dominican Republic ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (X%), while the prices for the other major destinations experienced mixed trend patterns.

Fiberboard Imports

Imports into Panama

In 2022, overseas purchases of fiber board of wood or other ligneous materials increased by X% to X cubic meters, rising for the second year in a row after three years of decline. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, fiberboard imports surged to $X in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Spain (X cubic meters), Brazil (X cubic meters) and Chile (X cubic meters) were the main suppliers of fiberboard imports to Panama, together accounting for X% of total imports.

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

In value terms, Spain ($X), Brazil ($X) and Chile ($X) appeared to be the largest fiberboard suppliers to Panama, with a combined X% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of X%, recorded 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

The average fiberboard import price stood at $X per cubic meter in 2022, increasing by X% against the previous year. Over the period under review, the import price saw a slight expansion. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per cubic meter. From 2014 to 2022, the average import prices remained at a lower figure.

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 ($X per cubic meter), while the price for Argentina ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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