Market research

Roundwood coniferous market in Panama

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

Coniferous roundwood production in Panama held steady at 7 000 m³ each year from 2018 through 2023. The domestic market volume, however, saw some variation, climbing from 7 024 m³ in 2018 to 7 110 m³ in 2021 as imports increased and exports remained minimal.

A sharp turnaround occurred in 2022–2023, with the market size dropping to 5 711 m³ in 2022 and then to 4 848 m³ in 2023. This contraction was driven by a surge in exports, which reached 2 285 m³ in 2023. During the same period, industry sources reported a significant rise in demand for domestically produced sawn wood, especially pine for construction and packaging. Local firms such as Grupo Palmadera and Panamaderas S.A. expanded their supply of treated and certified sawn timber, although roundwood output did not increase.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Panama
  1. 5.1.1. Annual dynamics of production in Panama in kind, 2018-2023, m³
  2. 5.1.2. Annual dynamics of production in Panama in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, m³
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, m³
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, m³
    1. 6.1.2.1. Annual dynamics of product's imports to Panama in kind, 2018-2024, m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Panama by countries, 2018-2024, m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Panama in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Panama by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Panama, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Panama by countries, 2018-2024, $ US/m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, m³
    1. 6.2.2.1. Annual dynamics of product's imports to Panama in kind, 2018-2024, m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Panama by countries, 2018-2024, m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Panama in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Panama by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Panama, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Panama by countries, 2018-2024, $ US/m³
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, m³
    1. 7.1.2.1. Annual dynamics of product's exports from Panama in kind, 2018-2024, m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Panama by countries, 2018-2024, m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Panama in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Panama by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Panama, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Panama by countries, 2018-2024, $ US/m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, m³
    1. 7.2.2.1. Annual dynamics of product's exports from Panama in kind, 2018-2024, m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Panama by countries, 2018-2024, m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Panama in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Panama by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Panama, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Panama by countries, 2018-2024, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, m³
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, m³
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production coniferous roundwood in Panama

In kind, 2017-2020, m³

Top producers of coniferous roundwood, 2017-2020

Source: SHEV.io

World map of production of coniferous roundwood, 2017-2020

Source: SHEV.io

In 2020, Panama produced 7,000 m³ of roundwood coniferous, showing no significant change compared to 2019. Over the period from 2017 to 2020, production decreased by 23%, with an average annual decline of 8.3%. The lowest production level was recorded in 2018 at 7,000 m³, which also marked the largest decline of 23.0% during this period. In contrast, 2019 saw the largest increase, though it remained at 0.0%.

Annual dynamics of production in Panama in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(23.0%)	-	-	(8.3%)

Source: SHEV.io

Exports coniferous roundwood from Panama

Exports in kind, m³

Annual dynamics of product's exports from Panama in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, Panama's exports of roundwood coniferous in kind were highly concentrated, with Free Zones accounting for 100.0% of total flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Panama in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Annual dynamics of product's exports from Panama in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Throughout 2017 to 2020, Free Zones was the key partner for Panama's exports in value terms, representing 100.0% of total flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Panama in value, 2017-2020

Source: SHEV.io

Imports coniferous roundwood to Panama

Imports in kind, m³

Panama's imports of roundwood coniferous in kind declined for the second consecutive year. In 2019, imports reached 15.0 m³, marking a sharp drop of 83.9% compared to the previous year. Over the period from 2017 to 2019, imports decreased by 96.8%, with an average annual decline of 68.2%.

Annual dynamics of product's imports to Panama in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(80.1%)	(83.9%)	n/a	-

Source: SHEV.io

From 2017 to 2020, the United States (66.7% of imports in kind), Honduras (11.5% of imports in kind), and Free Zones (9.9% of imports in kind) were the largest contributors to Panama's imports in kind, jointly accounting for 88.0% of total flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Panama in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Panama's imports of roundwood coniferous in value terms declined for the second consecutive year. In 2019, imports totaled 19.7 thousand US dollars, representing a decrease of 44.7% from the year before. Between 2017 and 2019, imports fell by 91.3%, equating to an average annual decline of 55.7%.

Annual dynamics of product's imports to Panama in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(84.3%)	(44.7%)	n/a	-

Source: SHEV.io

From 2017 to 2020, the geographical pattern of Panama's imports in value terms was characterized by a strong dominance of the United States, which accounted for 83.0% of total flows, while other partners held relatively minor shares.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Panama in value, 2017-2020

Source: SHEV.io