Panama: Market for Plastics Tubes, Pipes And Hoses, And Fitting 2024

Market Size for Plastics Tubes, Pipes And Hoses, And Fitting in Panama

In 2023, the Panamanian plastic pipe and hose market decreased by X% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Plastics Tubes, Pipes And Hoses, And Fitting in Panama

In value terms, plastic pipe and hose production declined to $X in 2023 estimated in export price. Over the period under review, production enjoyed a modest increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2023, production growth remained at a somewhat lower figure.

Exports of Plastics Tubes, Pipes And Hoses, And Fitting

Exports from Panama

In 2023, after three years of growth, there was significant decline in shipments abroad of plastics tubes, pipes and hoses, and fitting, when their volume decreased by X% to X tons. In general, exports showed a noticeable decrease. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic pipe and hose exports shrank remarkably to $X in 2023. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Costa Rica (X tons) and Belize (X tons) were the main destinations of plastic pipe and hose exports from Panama, together comprising X% of total exports. Jamaica, British Indian Ocean Territory, Barbados, Guatemala and Cuba lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Barbados (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic pipe and hose exported from Panama were the United States ($X), Costa Rica ($X) and Belize ($X), with a combined X% share of total exports. British Indian Ocean Territory, Jamaica, Guatemala, Cuba and Barbados lagged somewhat behind, together accounting for a further X%.

Barbados, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 plastic pipe and hose export price stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Barbados ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Tubes, Pipes And Hoses, And Fitting

Imports into Panama

In 2023, plastic pipe and hose imports into Panama declined to X tons, falling by X% against the previous year. In general, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, plastic pipe and hose imports contracted to $X in 2023. Overall, imports, however, showed strong growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.

Imports by Country

Costa Rica (X tons), China (X tons) and the United States (X tons) were the main suppliers of plastic pipe and hose imports to Panama, together comprising X% of total imports. Australia, Colombia, Mexico, Spain, Free Zones, Guatemala, South Africa and Ecuador lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic pipe and hose suppliers to Panama were the United States ($X), China ($X) and Costa Rica ($X), with a combined X% share of total imports. Australia, Colombia, Mexico, Free Zones, Spain, Guatemala, South Africa and Ecuador lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Australia, 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

In 2023, the average plastic pipe and hose import price amounted to $X per ton, reducing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2023, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ecuador ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform