Panama: Market for Paper Trays, Dishes, Plates And Cups 2024

Market Size for Paper Trays, Dishes, Plates And Cups in Panama

The Panamanian paper dishes and cups market expanded rapidly to $X in 2022, growing by X% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Production of Paper Trays, Dishes, Plates And Cups in Panama

In value terms, paper dishes and cups production surged to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Paper Trays, Dishes, Plates And Cups

Exports from Panama

For the third year in a row, Panama recorded decline in overseas shipments of paper trays, dishes, plates and cups, which decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, paper dishes and cups exports amounted to $X in 2022. In general, exports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Free Zones (X kg) and the United States (X kg) were the main destinations of paper dishes and cups exports from Panama.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%).

In value terms, the largest markets for paper dishes and cups exported from Panama were Free Zones ($X) and the United States ($X).

In terms of the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average paper dishes and cups export price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Free Zones stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paper Trays, Dishes, Plates And Cups

Imports into Panama

In 2022, paper dishes and cups imports into Panama rose markedly to X tons, picking up by X% against 2021. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, paper dishes and cups imports soared to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of paper dishes and cups to Panama, with a X% share of total imports. Moreover, paper dishes and cups imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Guatemala (X tons) ranked third in terms of total imports with an 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: the United States (X% per year) and Guatemala (X% per year).

In value terms, China ($X), the United States ($X) and the Dominican Republic ($X) appeared to be the largest paper dishes and cups suppliers to Panama, with a combined X% share of total imports.

The Dominican Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average paper dishes and cups import price amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Peru ($X per ton), while the price for China ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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