Panama: Market for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster 2024

Market Size for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in Panama

In 2022, the Panamanian market for boards, sheets, panels, or tiles of gypsum or plaster was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption saw a abrupt downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in Panama

In value terms, production of boards, sheets, panels, or tiles of gypsum or plaster dropped modestly to $X in 2022 estimated in export price. Over the period under review, production showed a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Exports from Panama

Exports of boards, sheets, panels, or tiles of gypsum or plaster from Panama totaled X square meters in 2022, approximately reflecting the previous year. In general, exports showed buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X square meters. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of boards, sheets, panels, or tiles of gypsum or plaster totaled $X in 2022. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Cuba (X square meters) was the main destination for exports of boards, sheets, panels, or tiles of gypsum or plaster from Panama, accounting for a X% share of total exports. Moreover, exports of boards, sheets, panels, or tiles of gypsum or plaster to Cuba exceeded the volume sent to the second major destination, the Dominican Republic (X square meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cuba amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Colombia (X% per year).

From 2012 to 2022, the average annual rate of growth in terms of value to Cuba amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Colombia (X% per year).

Export Prices by Country

The average export price for boards, sheets, panels, or tiles of gypsum or plaster stood at $X per square meter in 2022, almost unchanged from the previous year. In general, the export price faced a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, 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 Colombia ($X per square meter), while the average price for exports to the Dominican Republic ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (X%), while the prices for the other major destinations experienced a decline.

Imports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Imports into Panama

In 2022, approx. X square meters of boards, sheets, panels, or tiles of gypsum or plaster were imported into Panama; which is down by X% on the previous year. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X square meters. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of boards, sheets, panels, or tiles of gypsum or plaster declined to $X in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

Mexico (X square meters), Colombia (X square meters) and China (X square meters) were the main suppliers of imports of boards, sheets, panels, or tiles of gypsum or plaster to Panama, together accounting for X% of total imports.

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

In value terms, the largest board, sheet, panel, tile and similar article of plaster suppliers to Panama were China ($X), Mexico ($X) and Colombia ($X), with a combined X% share of total imports.

Among the main suppliers, Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average import price for boards, sheets, panels, or tiles of gypsum or plaster stood at $X per square meter in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a measured increase 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, import price for boards, sheets, panels, or tiles of gypsum or plaster increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2015 to 2022, the average import prices failed to regain momentum.

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 China ($X per square meter), while the price for Colombia ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform