Panama: Market for Chromium, Manganese, Lead and Copper Oxides and Hydroxides 2024

Market Size for Chromium, Manganese, Lead and Copper Oxides and Hydroxides in Panama

The Panamanian market for chromium, manganese, lead and copper oxides and hydroxides reduced to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a deep slump. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Chromium, Manganese, Lead and Copper Oxides and Hydroxides in Panama

In value terms, production of chromium, manganese, lead and copper oxides and hydroxides contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Exports from Panama

In 2022, overseas shipments of chromium, manganese, lead and copper oxides and hydroxides increased by X% to X tons, rising for the eighth year in a row after two years of decline. Overall, exports saw prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of chromium, manganese, lead and copper oxides and hydroxides rose markedly to $X in 2022. Over the period under review, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Guatemala (X tons) was the main destination for exports of chromium, manganese, lead and copper oxides and hydroxides from Panama, accounting for a X% share of total exports. Moreover, exports of chromium, manganese, lead and copper oxides and hydroxides to Guatemala exceeded the volume sent to the second major destination, Venezuela (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Guatemala stood at X%.

In value terms, Venezuela ($X) remains the key foreign market for chromium, manganese, lead and copper oxides and hydroxides exports from Panama, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Venezuela totaled X%.

Export Prices by Country

The average export price for chromium, manganese, lead and copper oxides and hydroxides stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 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 Venezuela ($X per ton), while the average price for exports to Guatemala amounted to $X per ton.

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 a decline.

Imports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Imports into Panama

In 2022, the amount of chromium, manganese, lead and copper oxides and hydroxides imported into Panama surged to X tons, picking up by X% on the previous year's figure. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports of attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of chromium, manganese, lead and copper oxides and hydroxides skyrocketed to $X in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) was the main chromium, manganese, lead and copper oxide and hydroxide supplier to Panama, accounting for a X% share of total imports. It was followed by Mexico (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and the United States (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of chromium, manganese, lead and copper oxides and hydroxides to Panama, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average import price for chromium, manganese, lead and copper oxides and hydroxides amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price recorded a deep reduction. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Brazil ($X per ton) 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 mixed trend patterns.

Source: IndexBox Platform