Panama: Particle Board Market 2024

Particle Board Market Size in Panama

The Panamanian particle board market expanded markedly to $X in 2022, growing by X% against the previous year. Overall, consumption, however, showed a buoyant expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Particle Board Production in Panama

In value terms, particle board production amounted to $X in 2022 estimated in export price. Overall, production showed a precipitous setback. The growth pace was the most rapid in 2013 with a decrease of X% against the previous year. Particle board production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Particle Board Exports

Exports from Panama

Particle board exports from Panama fell to X cubic meters in 2022, waning by X% against the previous year. In general, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X cubic meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, particle board exports surged to $X in 2022. Overall, exports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X cubic meters), Free Zones (X cubic meters) and Honduras (X cubic meters) were the main destinations of particle board exports from Panama, together accounting for X% of total exports. Nicaragua, Costa Rica, Aruba, Turkey, Guatemala, Suriname, El Salvador, Belize, the Dominican Republic and Grenada lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for particle board exported from Panama were Aruba ($X), Colombia ($X) and Honduras ($X), together accounting for X% of total exports. Free Zones, Costa Rica, Guatemala, Suriname, Turkey, El Salvador, Nicaragua, the Dominican Republic, Grenada and Belize lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Turkey, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average particle board export price amounted to $X per cubic meter, rising by X% against the previous year. In general, the export price, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($X per cubic meter), while the average price for exports to Belize ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Board Imports

Imports into Panama

In 2022, imports of particle board into Panama shrank to X cubic meters, declining by X% on 2021. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X cubic meters in 2021, and then reduced in the following year.

In value terms, particle board imports rose notably to $X in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 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

Ecuador (X cubic meters), Brazil (X cubic meters) and Spain (X cubic meters) were the main suppliers of particle board imports to Panama, together comprising X% of total imports. Chile, Colombia, Guatemala, Mexico and Austria lagged somewhat behind, together comprising a further X%.

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

In value terms, Ecuador ($X), Brazil ($X) and Spain ($X) were the largest particle board suppliers to Panama, with a combined X% share of total imports. Chile, Colombia, Guatemala, Mexico and Austria lagged somewhat behind, together accounting for a further X%.

Chile, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 particle board import price amounted to $X per cubic meter, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Austria ($X per cubic meter) and Colombia ($X per cubic meter), while the price for Guatemala ($X per cubic meter) and Mexico ($X per cubic meter) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :