Panama: Self-Adhesive Printed Label Market 2024

Self-Adhesive Printed Label Market Size in Panama

The Panamanian self-adhesive printed label market expanded to $X in 2022, growing by 3.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, enjoyed significant growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Self-Adhesive Printed Label Exports

Exports from Panama

Self-adhesive printed label exports from Panama reduced markedly to X tons in 2022, which is down by -25.2% against the previous year's figure. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 56%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, self-adhesive printed label exports contracted significantly to $X in 2022. In general, exports recorded a significant contraction. The pace of growth appeared the most rapid in 2020 with an increase of 50%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Free Zones (X tons) was the main destination for self-adhesive printed label exports from Panama, accounting for a 99% share of total exports. It was followed by Ecuador (X kg), with a 1.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Free Zones was relatively modest.

In value terms, Free Zones ($X) remains the key foreign market for self-adhesive printed labels exports from Panama, comprising 98% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Free Zones totaled -8.5%.

Export Prices by Country

The average self-adhesive printed label export price stood at $X per ton in 2022, dropping by -33.1% against the previous year. In general, the export price saw a deep setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 16%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Ecuador ($X per ton), while the average price for exports to Free Zones amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Adhesive Printed Label Imports

Imports into Panama

In 2022, overseas purchases of self-adhesive printed labels decreased by -12.2% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 449% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, self-adhesive printed label imports rose remarkably to $X in 2022. Overall, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2017 when imports increased by 656%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Costa Rica (X tons), Colombia (X tons) and Guatemala (X tons) were the main suppliers of self-adhesive printed label imports to Panama, with a combined 74% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Guatemala (with a CAGR of +101.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), Colombia ($X) and Chile ($X) were the largest self-adhesive printed label suppliers to Panama, together comprising 64% of total imports. The United States, Guatemala, Mexico, Free Zones, China and the UK lagged somewhat behind, together accounting for a further 19%.

Guatemala, with a CAGR of +79.0%, saw the highest growth rate of 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 self-adhesive printed label import price amounted to $X per ton, jumping by 28% against the previous year. Over the period under review, the import price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 an increase of 38% against the previous year. The import price peaked 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 Chile ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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