Panama: Zinc Oxide Market 2024

Zinc Oxide Market Size in Panama

The Panamanian zinc oxide market shrank to $X in 2022, waning by X% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Zinc Oxide Production in Panama

In value terms, zinc oxide production declined to $X in 2022 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Zinc Oxide Exports

Exports from Panama

After three years of growth, overseas shipments of zinc oxide and zinc peroxide decreased by X% to X tons in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, zinc oxide exports rose to $X in 2022. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons), Costa Rica (X tons) and Guatemala (X tons) were the main destinations of zinc oxide exports from Panama, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for zinc oxide exported from Panama were Colombia ($X), Costa Rica ($X) and Guatemala ($X), together accounting for X% of total exports.

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

Export Prices by Country

The average zinc oxide export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to El Salvador ($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 Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Oxide Imports

Imports into Panama

In 2022, imports of zinc oxide and zinc peroxide into Panama surged to X tons, jumping by X% compared with the previous year. Overall, imports enjoyed pronounced growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, zinc oxide imports surged to $X in 2022. Over the period under review, imports recorded prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Poland (X tons), the Netherlands (X tons) and Peru (X tons) were the main suppliers of zinc oxide imports to Panama, with a combined X% share of total imports. Mexico and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest zinc oxide suppliers to Panama were Peru ($X), the Netherlands ($X) and Poland ($X), together accounting for X% of total imports. Mexico and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Mexico, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average zinc oxide import price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform