Report Update Nov 1, 2024

Panama - Bauxite - Market Analysis, Forecast, Size, Trends and Insights

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Panama: Bauxite Market 2024

Bauxite Market Size in Panama

The Panamanian bauxite market amounted to less than $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, showed a significant increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Bauxite Production in Panama

In value terms, bauxite production dropped notably to less than $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep contraction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 66% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Bauxite Exports

Exports from Panama

In 2018, approx. X kg of bauxite were exported from Panama; rising by 411% compared with 2017 figures. In general, exports saw significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 1,075%. The exports peaked in 2018 and are expected to retain growth in the immediate term.

In value terms, bauxite exports skyrocketed to $X in 2018. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,816% against the previous year. The exports peaked in 2018 and are expected to retain growth in years to come.

Exports by Country

Guyana (X kg) was the main destination for bauxite exports from Panama, with a approx. 100% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to Guyana totaled +108.5%.

In value terms, Guyana ($X) also remains the key foreign market for bauxite exports from Panama.

From 2012 to 2018, the average annual growth rate of value to Guyana stood at +73.6%.

Export Prices by Country

In 2018, the average bauxite export price amounted to $X per ton, declining by -17.9% against the previous year. Overall, the export price, however, continues to indicate measured growth. The most prominent rate of growth was recorded in 2016 an increase of 63% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2018, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Guyana.

From 2012 to 2018, the rate of growth in terms of prices for Guyana amounted to -16.7% per year.

Bauxite Imports

Imports into Panama

After two years of decline, purchases abroad of bauxite decreased by 0% to X tons in 2021. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 180% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, bauxite imports amounted to $X in 2021. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 5.4% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of bauxite to Panama, accounting for a approx. 50% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain was relatively modest.

In value terms, Spain ($X) constituted the largest supplier of bauxite to Panama.

From 2012 to 2021, the average annual growth rate of value from Spain was relatively modest.

Import Prices by Country

The average bauxite import price stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the import price faced a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average import price decreased by -62.3%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the bauxite market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 07291300 - Aluminium ores and concentrates

Country coverage:

Panama

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Panama
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023