Panama - Silicates, Commercial Alkali Metal Silicates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSilicates Price in Panama - 2023
Contents:
- Silicates Price in Panama (CIF) - 2022
- Silicates Price in Panama (FOB) - 2022
- Silicates Imports in Panama
- Silicates Exports in Panama
Silicates Price in Panama (CIF) - 2022
The average silicates import price stood at $608 per ton in 2022, growing by 18% against the previous year. Overall, the import price, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by 31% against the previous year. As a result, import price reached the peak level of $1,250 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($916 per ton), while the price for Chile ($353 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Silicates Price in Panama (FOB) - 2022
In 2022, the average silicates export price amounted to $1,187 per ton, dropping by -12.1% against the previous year. In general, the export price, however, continues to indicate a tangible increase. The pace of growth appeared the most rapid in 2014 an increase of 124% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,651 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($1,244 per ton), while the average price for exports to Nicaragua ($586 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 the Dominican Republic (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Silicates Imports in Panama
In 2022, the amount of silicates, commercial alkali metal silicates imported into Panama fell slightly to 7.6K tons, shrinking by -2.2% on the year before. The total import volume increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 37%. As a result, imports attained the peak of 7.8K tons, and then declined slightly in the following year.
In value terms, silicates imports soared to $4.6M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Silicates in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 938 | 995 | 1,232 | 2,173 | 32.3% |
| Colombia | 22.7 | 145 | 498 | 1,095 | 264.0% |
| Costa Rica | 546 | 518 | 572 | 412 | -9.0% |
| United States | 425 | 445 | 853 | 345 | -6.7% |
| Chile | 120 | 91.3 | 106 | 225 | 23.3% |
| Ecuador | N/A | N/A | 312 | 184 | -41.0% |
| Saudi Arabia | 246 | 258 | 131 | N/A | -27.0% |
| Others | 357 | 290 | 310 | 198 | -17.8% |
| Total | 2,655 | 2,743 | 4,014 | 4,632 | 20.4% |
Top Suppliers of Silicates to Panama in 2022:
- China (3.2K tons)
- Colombia (1.9K tons)
- Costa Rica (0.9K tons)
- Chile (0.6K tons)
- United States (0.4K tons)
- Ecuador (0.3K tons)
Silicates Exports in Panama
In 2022, shipments abroad of silicates, commercial alkali metal silicates decreased by -37.3% to 32 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 151% against the previous year. As a result, the exports reached the peak of 82 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, silicates exports reduced dramatically to $38K in 2022. Overall, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 91% against the previous year. As a result, the exports reached the peak of $100K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Silicates in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 36.3 | 25.6 | 55.0 | 30.7 | -5.4% |
| Venezuela | 5.7 | 3.8 | 7.8 | 4.2 | -9.7% |
| Costa Rica | 1.7 | 1.6 | 2.8 | 1.3 | -8.6% |
| Nicaragua | 1.8 | 17.5 | 2.0 | 0.9 | -20.6% |
| Colombia | N/A | 14.5 | N/A | N/A | 0% |
| Suriname | N/A | 34.5 | N/A | N/A | 0% |
| Others | 6.7 | 2.3 | 1.8 | 1.1 | -45.2% |
| Total | 52.3 | 99.8 | 69.5 | 38.3 | -9.9% |
Top Export Markets for Silicates from Panama in 2022:
- Dominican Republic (24.7 tons)
- Venezuela (4.2 tons)
- Nicaragua (1.6 tons)
- Costa Rica (1.5 tons)
This report provides an in-depth analysis of the silicates 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 20136240 - Silicates, commercial alkali metal silicates
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
-
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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