Panama: Market for Clays For Construction and Industrial Use 2024

Market Size for Clays For Construction and Industrial Use in Panama

The Panamanian market for clays for construction and industrial use rose markedly to $X in 2022, picking up by 11% against the previous year. In general, consumption posted a significant expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Clays For Construction and Industrial Use in Panama

In value terms, production of clays for construction and industrial use reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 35% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Clays For Construction and Industrial Use

Exports from Panama

In 2022, approx. X tons of clays for construction and industrial use were exported from Panama; waning by -14.3% compared with 2021. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 783% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of clays for construction and industrial use shrank slightly to $X in 2022. Over the period under review, exports saw a pronounced curtailment. The growth pace was the most rapid in 2017 with an increase of 173% 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 lower figure.

Exports by Country

Spain (X kg) was the main destination for exports of clays for construction and industrial use from Panama, with a 47% share of total exports. Moreover, exports of clays for construction and industrial use to Spain exceeded the volume sent to the second major destination, Nicaragua (X kg), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at -18.9%.

In value terms, Spain ($X) emerged as the key foreign market for clays for construction and industrial use exports from Panama, comprising 49% of total exports. The second position in the ranking was held by Nicaragua ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled -9.8%.

Export Prices by Country

In 2022, the average export price for clays for construction and industrial use amounted to $X per ton, rising by 14% against the previous year. Overall, the export price recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 an increase of 267% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Nicaragua totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clays For Construction and Industrial Use

Imports into Panama

In 2022, imports of clays for construction and industrial use into Panama amounted to X tons, approximately mirroring 2021. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 1,420% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of clays for construction and industrial use totaled $X in 2022. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2014 with an increase of 792%. Over the period under review, imports of attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X tons), the United States (X tons) and Guatemala (X tons) were the main suppliers of imports of clays for construction and industrial use to Panama, together accounting for 83% of total imports. Turkey and Canada lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +11,060.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the United States ($X) and Guatemala ($X) appeared to be the largest clays for construction and industrial use suppliers to Panama, with a combined 81% share of total imports. Turkey and Canada lagged somewhat behind, together comprising a further 19%.

Turkey, with a CAGR of +12,310.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 clays for construction and industrial use stood at $X per ton in 2022, picking up by 9.8% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2020 an increase of 54%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Canada ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform