Panama: Clay Market 2025

Clay Market Size in Panama

The Panamanian clay market reduced modestly to $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, showed a slight decrease. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Clay Production in Panama

In value terms, clay production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Clay Exports

Exports from Panama

Clay exports from Panama soared to X tons in 2022, picking up by X% on the previous year's figure. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, clay exports soared to $X in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Aruba (X tons) was the main destination for clay exports from Panama, accounting for a X% share of total exports. Moreover, clay exports to Aruba exceeded the volume sent to the second major destination, Spain (X tons), sevenfold. Nicaragua (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Aruba stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Nicaragua (X% per year).

In value terms, Aruba ($X), Spain ($X) and Paraguay ($X) constituted the largest markets for clay exported from Panama worldwide, together accounting for X% of total exports. Guatemala and Nicaragua lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Guatemala, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average clay export price amounted to $X per ton, leveling off at the previous year. Overall, the export price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 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 Spain ($X per ton), while the average price for exports to Nicaragua ($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 Aruba (X%), while the prices for the other major destinations experienced a decline.

Clay Imports

Imports into Panama

In 2022, imports of clays into Panama reached X tons, increasing by X% compared with 2021 figures. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, clay imports reached $X in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of clay to Panama, with a X% share of total imports. Moreover, clay imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of clays to Panama, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

The average clay import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs 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 Colombia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform