Panama: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Panama

The Panamanian market for articles of cellulose fibre-cement, not containing asbestos rose modestly to $X in 2022, increasing by 1.8% against the previous year. Over the period under review, consumption recorded a resilient expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Panama

In value terms, production of articles of cellulose fibre-cement, not containing asbestos shrank slightly to $X in 2022 estimated in export price. Overall, production, however, recorded prominent growth. The growth pace was the most rapid in 2015 when the production volume increased by 101% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Panama

In 2022, approx. X tons of articles of cellulose fibre-cement, not containing asbestos were exported from Panama; waning by -12.7% against the previous year's figure. Over the period under review, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of 103%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos dropped to $X in 2022. Overall, exports faced a dramatic slump. The pace of growth was the most pronounced in 2015 when exports increased by 63%. Over the period under review, the exports of reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Guatemala (X tons) was the main destination for exports of articles of cellulose fibre-cement, not containing asbestos from Panama, with a 65% share of total exports. Moreover, exports of articles of cellulose fibre-cement, not containing asbestos to Guatemala exceeded the volume sent to the second major destination, Venezuela (X kg), twofold. The Dominican Republic (X kg) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala amounted to -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-22.6% per year) and the Dominican Republic (+4.6% per year).

In value terms, Guatemala ($X) remains the key foreign market for articles of cellulose fibre-cement, not containing asbestos exports from Panama, comprising 75% of total exports. The second position in the ranking was held by Venezuela ($X), with a 19% share of total exports. It was followed by the Dominican Republic, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value to Guatemala totaled -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-28.7% per year) and the Dominican Republic (+5.2% per year).

Export Prices by Country

The average export price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price, however, saw a deep slump. The pace of growth appeared the most rapid in 2015 an increase of 25% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Panama

In 2022, supplies from abroad of articles of cellulose fibre-cement, not containing asbestos increased by 3,029% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a perceptible decline. Over the period under review, imports of reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos surged to $X in 2022. In general, imports, however, recorded a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 976%. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest articles of cellulose fibre-cement, not containing asbestos supplier to Panama, with a 78% share of total imports. Moreover, imports of articles of cellulose fibre-cement, not containing asbestos from Turkey exceeded the figures recorded by the second-largest supplier, Colombia (X tons), eightfold. The third position in this ranking was taken by Costa Rica (X tons), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-23.1% per year) and Costa Rica (+11.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of articles of cellulose fibre-cement, not containing asbestos to Panama, comprising 71% of total imports. The second position in the ranking was held by Colombia ($X), with a 12% share of total imports. It was followed by Costa Rica, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-22.2% per year) and Costa Rica (+4.6% per year).

Import Prices by Country

In 2022, the average import price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, with a decrease of -75.8% against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 319%. As a result, import price reached the peak level of $X per ton, and then reduced sharply in the following year.

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 Vietnam ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform