Panama: Sliding Pencil Market 2024

Sliding Pencil Market Size in Panama

The Panamanian sliding pencil market expanded remarkably to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Sliding Pencil Production in Panama

In value terms, sliding pencil production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Sliding Pencil Exports

Exports from Panama

In 2022, overseas shipments of propelling or sliding pencils decreased by X% to X units, falling for the sixth year in a row after three years of growth. Overall, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sliding pencil exports totaled $X in 2022. In general, exports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X units) was the main destination for sliding pencil exports from Panama, accounting for a X% share of total exports. Moreover, sliding pencil exports to Colombia exceeded the volume sent to the second major destination, El Salvador (X units), threefold. The third position in this ranking was held by Costa Rica (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Costa Rica (X% per year).

It was followed by Costa Rica, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Costa Rica (X% per year).

Export Prices by Country

In 2022, the average sliding pencil export price amounted to $X per unit, flattening at the previous year. Overall, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per unit in 2020; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Guyana ($X per unit) and El Salvador ($X per unit), while the average price for exports to the Dominican Republic ($X per unit) and Costa Rica ($X per unit) were 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 more modest paces of growth.

Sliding Pencil Imports

Imports into Panama

In 2022, the amount of propelling or sliding pencils imported into Panama surged to X units, growing by X% compared with the previous year. Overall, imports, however, continue to indicate a dramatic contraction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sliding pencil imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Free Zones (X units), China (X units) and Mexico (X units) were the main suppliers of sliding pencil imports to Panama, together accounting for X% of total imports. Spain, Germany, Japan, the United States, Malaysia, South Korea, India and Peru lagged somewhat behind, together accounting for a further X%.

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

In value terms, Free Zones ($X), China ($X) and Mexico ($X) were the largest sliding pencil suppliers to Panama, with a combined X% share of total imports. Spain, Germany, Japan, the United States, Malaysia, South Korea, India and Peru lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest growth rate of 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 sliding pencil import price amounted to $X per unit, falling by X% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price 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, sliding pencil import price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit, and then reduced notably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($X per unit) and Germany ($X per unit), while the price for Free Zones ($X per unit) and Peru ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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