Panama: Paper And Paperboard Market 2024

Paper And Paperboard Market Size in Panama

In 2022, the Panamanian paper and paperboard market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Paper And Paperboard Production in Panama

In value terms, paper and paperboard production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Paper and paperboard production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Paper And Paperboard Exports

Exports from Panama

In 2022, shipments abroad of paper and paperboard decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, paper and paperboard exports amounted to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X tons) was the main destination for paper and paperboard exports from Panama, accounting for a X% share of total exports. Moreover, paper and paperboard exports to Guatemala exceeded the volume sent to the second major destination, Honduras (X tons), sevenfold. The third position in this ranking was taken by Venezuela (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Venezuela (X% per year).

In value terms, Guatemala ($X) remains the key foreign market for paper and paperboard exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Honduras ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

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

Export Prices by Country

The average paper and paperboard export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a abrupt decrease. The export price peaked at $X per ton in 2012; however, from 2013 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 Colombia ($X per ton), while the average price for exports to the Dominican Republic ($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 Venezuela (X%), while the prices for the other major destinations experienced a decline.

Paper And Paperboard Imports

Imports into Panama

In 2022, paper and paperboard imports into Panama dropped to X tons, with a decrease of X% against the previous year. In general, imports, however, recorded significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, paper and paperboard imports soared to $X in 2022. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest paper and paperboard supplier to Panama, with a X% share of total imports. Moreover, paper and paperboard imports from the United States exceeded the figures recorded by the second-largest supplier, Trinidad and Tobago (X tons), twofold. The third position in this ranking was taken by Brazil (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Trinidad and Tobago (X% per year) and Brazil (X% per year).

In value terms, the largest paper and paperboard suppliers to Panama were the United States ($X), Trinidad and Tobago ($X) and Brazil ($X), with a combined X% share of total imports. China, Indonesia, Turkey, Chile, Portugal, Spain, Free Zones and Canada lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Turkey, with a CAGR of X%, recorded the highest growth rate of 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 paper and paperboard import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a mild downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, 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 Spain ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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