Panama - Ceramic Tile - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCeramic Tile Price in Panama - 2023
Contents:
- Ceramic Tile Price in Panama (CIF) - 2023
- Ceramic Tile Price in Panama (FOB) - 2022
- Ceramic Tile Imports in Panama
- Ceramic Tile Exports in Panama
Ceramic Tile Price in Panama (CIF) - 2023
In July 2023, the average ceramic tile import price amounted to $11.1 per square meter, approximately mirroring the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 5.4% against the previous month. The import price peaked in July 2023.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Italy ($13.6 per square meter) and Spain ($12.3 per square meter), while the price for Costa Rica ($9.4 per square meter) and Hong Kong SAR ($9.4 per square meter) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Ecuador (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Ceramic Tile Price in Panama (FOB) - 2022
In 2022, the average ceramic tile export price amounted to $4 per square meter, falling by -1.6% against the previous year. In general, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 25%. Over the period under review, the average export prices reached the peak figure at $8.3 per square meter in 2012; however, from 2013 to 2022, the 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 Antigua and Barbuda ($11 per square meter), while the average price for exports to Aruba ($3.1 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.
Ceramic Tile Imports in Panama
In 2022, the amount of ceramic tiles imported into Panama declined notably to 8.3M square meters, waning by -27.5% against 2021 figures. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 122% against the previous year. As a result, imports attained the peak of 12M square meters, and then reduced rapidly in the following year.
In value terms, ceramic tile imports skyrocketed to $84M in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 152% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Ceramic Tile in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 11.4 | 5.9 | 22.6 | 30.6 | 39.0% |
| Spain | 10.1 | 4.3 | 13.2 | 21.4 | 28.4% |
| China | 11.7 | 5.8 | 8.3 | 11.5 | -0.6% |
| Italy | 3.0 | 1.5 | 2.6 | 4.4 | 13.6% |
| Peru | 1.8 | 0.9 | 2.2 | 3.2 | 21.1% |
| Colombia | 1.3 | 0.7 | 1.2 | 2.5 | 24.4% |
| Mexico | 0.8 | 0.3 | 0.6 | 2.3 | 42.2% |
| Guatemala | 0.7 | 0.4 | 0.7 | 1.7 | 34.4% |
| Ecuador | 0.5 | 0.2 | 0.7 | 1.4 | 40.9% |
| Free Zones | 1.5 | 0.9 | 1.2 | 0.7 | -22.4% |
| Others | 2.9 | 1.0 | 1.7 | 4.1 | 12.2% |
| Total | 45.7 | 21.9 | 55.1 | 83.8 | 22.4% |
Top Suppliers of Ceramic Tile to Panama in 2022:
- Brazil (3245.2K square meters)
- Spain (2005.3K square meters)
- China (1148.5K square meters)
- Italy (345.7K square meters)
- Peru (343.9K square meters)
- Colombia (271.8K square meters)
- Mexico (251.0K square meters)
- Guatemala (178.8K square meters)
- Ecuador (140.3K square meters)
- Free Zones (55.3K square meters)
Ceramic Tile Exports in Panama
Ceramic tile exports from Panama dropped modestly to 30K square meters in 2022, with a decrease of -3.3% on the year before. In general, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 7.1%. The exports peaked at 33K square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, ceramic tile exports declined to $122K in 2022. Over the period under review, exports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year. The exports peaked at $140K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Ceramic Tile in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 13.3 | N/A | 48.8 | 71.1 | 74.9% |
| Antigua and Barbuda | 17.7 | N/A | N/A | 12.9 | -10.0% |
| Jamaica | 31.7 | 5.5 | 2.1 | 10.7 | -30.4% |
| Aruba | 6.1 | 1.5 | 5.9 | 9.3 | 15.1% |
| Guyana | 5.5 | 1.9 | 1.3 | 7.6 | 11.4% |
| Belize | 20.1 | 0.8 | 4.8 | 3.8 | -42.6% |
| United States | 5.4 | N/A | N/A | 3.6 | -12.6% |
| Nigeria | N/A | 55.1 | N/A | 1.4 | -84.1% |
| Suriname | 16.5 | N/A | N/A | N/A | 0% |
| Uruguay | N/A | N/A | 13.1 | N/A | 0% |
| Peru | N/A | N/A | 44.5 | N/A | 0% |
| Others | 23.9 | 50.4 | 7.1 | 1.0 | -65.3% |
| Total | 140 | 115 | 128 | 122 | -4.5% |
Top Export Markets for Ceramic Tile from Panama in 2022:
- Colombia (17.9K square meters)
- Jamaica (3.0K square meters)
- Aruba (3.0K square meters)
- Guyana (2.3K square meters)
- United States (1.1K square meters)
- Antigua and Barbuda (1.1K square meters)
- Belize (1.1K square meters)
- Nigeria (0.3K square meters)
This report provides an in-depth analysis of the ceramic tile market 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:
- Prodcom 23311000 -
- Prodcom 23311010 - Unglazed ceramic mosaic tiles, cubes and similar articles, w ith a surface area < .49 cm.
- Prodcom 23311020 - Glazed ceramic mosaic tiles, cubes and similar articles, with a surface area < .49 cm.
- Prodcom 23311030 -
- Prodcom 23311050 - Unglazed ceramic and stoneware flags and paving, hearth or wall tiles, unglazed ceramic and stoneware mosaic cubes and the like, whether or not on a backing
- Prodcom 23311053 -
- Prodcom 23311057 -
- Prodcom 23311071 - Glazed ceramic double tiles of the spaltplatten type
- Prodcom 23311073 - Glazed stoneware flags and paving, hearth or wall tiles, with a face of > .90 cm.
- Prodcom 23311075 - Glazed earthenware or fine pottery ceramic flags and paving, h earth or wall tiles, with a face of > .90 cm.
- Prodcom 23311079 - Glazed ceramic flags and paving, hearth or wall tiles excluding double tiles of the spaltplatten type, stoneware, e arthenware or fine pottery flags, paving or tiles with a face of not > .90 cm.
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the ceramic tile market in Panama.
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This report provides an in-depth analysis of the global ceramic tile market.
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This report provides an in-depth analysis of the ceramic tile market in Panama.
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This report provides an in-depth analysis of the global ceramic tile market.
814
This article provides a detailed overview of the world's leading import markets for ceramic tiles, with a focus on the United States, France, Germany, the United Kingdom, and Israel. It explores the factors driving demand in these markets, including robust construction industries and a preference for ceramic tiles in both residential and commercial properties.
2420
The ceramic tile market is a $4 billion industry that employs over 30,000 people in the United States. The majority of ceramic tile production takes place in Europe and Asia, with China being the largest producer.
814
This article provides a detailed overview of the world's leading import markets for ceramic tiles, with a focus on the United States, France, Germany, the United Kingdom, and Israel. It explores the factors driving demand in these markets, including robust construction industries and a preference for ceramic tiles in both residential and commercial properties.
2420
The ceramic tile market is a $4 billion industry that employs over 30,000 people in the United States. The majority of ceramic tile production takes place in Europe and Asia, with China being the largest producer.
