Panama - Porcelain Ceramic Wares For Laboratory, Technical, and Chemical Use - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Panama - Porcelain Ceramic Wares For Laboratory, Technical, and Chemical Use - Market Analysis, Forecast, Size, Trends And Insights

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Porcelain Technical Ware Price in Panama - 2023

Contents:

  1. Porcelain Technical Ware Price in Panama (CIF) - 2022
  2. Porcelain Technical Ware Price in Panama (FOB) - 2022
  3. Porcelain Technical Ware Imports in Panama
  4. Porcelain Technical Ware Exports in Panama

Porcelain Technical Ware Price in Panama (CIF) - 2022

In 2022, the average porcelain technical ware import price amounted to $7,572 per ton, rising by 104% against the previous year. Over the period under review, the import price recorded a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 South Korea ($9,759 per ton), while the price for China ($1,898 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Porcelain Technical Ware Price in Panama (FOB) - 2022

In 2022, the average porcelain technical ware export price amounted to $9,161 per ton, shrinking by -23.6% against the previous year. Overall, the export price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 63%. The export price peaked at $11,984 per ton in 2021, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($17,932 per ton), while the average price for exports to the United States ($1,049 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 Venezuela (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Porcelain Technical Ware Imports in Panama

Porcelain technical ware imports into Panama declined notably to 2.1 tons in 2022, shrinking by -74.9% against the year before. Over the period under review, imports saw a significant curtailment. The smallest decline of -69.6% was in 2020.

In value terms, porcelain technical ware imports fell sharply to $16K in 2022. In general, imports saw a sharp shrinkage.

Import of Porcelain Technical Ware in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Free Zones3.64.41.49.638.7%
South Korea1.54.52.14.544.2%
China17149.26.60.1-91.6%
Costa Rica5.04.72.6N/A-27.9%
Others37.538.518.51.8-63.7%
Total21910131.316.0-58.2%

Top Suppliers of Porcelain Technical Ware to Panama in 2022:

  1. Free Zones (1526.0 kg)
  2. South Korea (457.0 kg)
  3. China (59.0 kg)

Porcelain Technical Ware Exports in Panama

In 2022, approx. 7.8 tons of porcelain ceramic wares for laboratory, technical, and chemical use were exported from Panama; growing by 51% compared with the previous year. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 71%. As a result, the exports attained the peak of 10 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, porcelain technical ware exports surged to $71K in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.6% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 67%. As a result, the exports reached the peak of $81K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Porcelain Technical Ware in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Colombia0.31.511.012.4245.8%
Cuba8.616.19.210.46.5%
Guyana4.88.44.85.44.0%
Haiti7.21.74.45.0-11.4%
Barbados1.07.24.14.666.3%
Trinidad and Tobago3.24.23.43.96.8%
Venezuela4.54.63.53.9-4.7%
Nicaragua1.14.72.73.039.7%
Costa Rica0.14.12.32.6196.2%
Bahamas2.83.82.22.5-3.7%
El Salvador0.80.12.02.240.1%
Dominican Republic0.91.00.80.90.0%
United States0.70.80.40.4-17.0%
Others12.022.511.214.15.5%
Total48.280.761.971.313.9%

Top Export Markets for Porcelain Technical Ware from Panama in 2022:

  1. Colombia (1268.0 kg)
  2. Cuba (1065.0 kg)
  3. Guyana (556.0 kg)
  4. Haiti (514.0 kg)
  5. Barbados (473.0 kg)
  6. Trinidad and Tobago (395.0 kg)
  7. United States (368.0 kg)
  8. Dominican Republic (322.0 kg)
  9. Nicaragua (310.0 kg)
  10. Costa Rica (269.0 kg)
  11. Bahamas (253.0 kg)
  12. El Salvador (228.0 kg)
  13. Venezuela (220.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the porcelain technical ware 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 23441100 - Ceramic wares for laboratory, chemical, technical use, of porcelain or china

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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