Report Update Nov 1, 2024

Panama - Chromium Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Panama: Market for Chromium Ores and Concentrates 2024

Market Size for Chromium Ores and Concentrates in Panama

In 2022, after three years of growth, there was significant decline in the Panamanian chromium ore and concentrate market, when its value decreased by -26% to $X. Over the period under review, consumption continues to indicate a abrupt contraction. Chromium ore and concentrate consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Chromium Ores and Concentrates

Exports from Panama

In 2022, exports of chromium ores and concentrates from Panama amounted to X kg, standing approx. at the year before. In general, exports showed a abrupt downturn. The smallest decline of 99.9% was in 2016. The exports peaked at X kg in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, chromium ore and concentrate exports totaled $X in 2022. Overall, exports posted a tangible increase. The smallest decline of 99.9% was in 2016. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Guatemala (X kg) was the main destination for chromium ore and concentrate exports from Panama, accounting for a approx. 100% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of volume to Guatemala was relatively modest.

From 2015 to 2022, the average annual growth rate of value to Guatemala was relatively modest.

Export Prices by Country

The average chromium ore and concentrate export price stood at $X per ton in 2022, remaining stable against the previous year. In general, the export price showed a significant increase. The growth pace was the most rapid in 2016 a decrease of 99.9%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2015 to 2022, the rate of growth in terms of prices for Guatemala amounted to 0.0% per year.

Imports of Chromium Ores and Concentrates

Imports into Panama

In 2022, supplies from abroad of chromium ores and concentrates decreased by -26.5% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 113%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, chromium ore and concentrate imports contracted markedly to $X in 2022. Overall, imports faced a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 107%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) was the main chromium ore and concentrate supplier to Panama, with a 97% share of total imports. Moreover, chromium ore and concentrate imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Costa Rica (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled -8.0%.

In value terms, the Netherlands ($X) constituted the largest supplier of chromium ores and concentrates to Panama, comprising 99% of total imports. The second position in the ranking was taken by Costa Rica ($X), with a 1.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled -12.8%.

Import Prices by Country

In 2022, the average chromium ore and concentrate import price amounted to $X per ton, leveling off at the previous year. In general, the import price, however, saw a abrupt descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 the Netherlands ($X per ton), while the price for Costa Rica amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-5.2%).

Source: IndexBox Platform

This report provides an in-depth analysis of the market for chromium ore and concentrate 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:

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