Panama: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2024

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Panama

The Panamanian market for articles of asbestos-cement, of cellulose fibre-cement declined slightly to $X in 2023, with a decrease of X% against the previous year. In general, consumption saw a deep slump. Consumption of peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Panama

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement reduced to $X in 2023 estimated in export price. Over the period under review, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Exports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Exports from Panama

After two years of growth, overseas shipments of articles of asbestos-cement, of cellulose fibre-cement decreased by X% to X tons in 2023. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement fell slightly to $X in 2023. Overall, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for exports of articles of asbestos-cement, of cellulose fibre-cement from Panama, with a X% share of total exports. Moreover, exports of articles of asbestos-cement, of cellulose fibre-cement to Colombia exceeded the volume sent to the second major destination, Honduras (X tons), fourfold. The third position in this ranking was held by Guatemala (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Colombia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Guatemala (X% per year).

In value terms, Honduras ($X), the Dominican Republic ($X) and Colombia ($X) were the largest markets for articles of asbestos-cement, of cellulose fibre-cement exported from Panama worldwide, together comprising X% of total exports. Venezuela, Guatemala, Jamaica, Trinidad and Tobago and Costa Rica lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Venezuela, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for articles of asbestos-cement, of cellulose fibre-cement amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Imports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Imports into Panama

In 2023, after five years of decline, there was significant growth in overseas purchases of articles of asbestos-cement, of cellulose fibre-cement, when their volume increased by X% to X tons. In general, imports, however, showed a sharp setback. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement surged to $X in 2023. Over the period under review, imports, however, continue to indicate a dramatic setback. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2023, Colombia (X tons) constituted the largest articles of asbestos-cement, of cellulose fibre-cement supplier to Panama, accounting for a X% share of total imports. Moreover, imports of articles of asbestos-cement, of cellulose fibre-cement from Colombia exceeded the figures recorded by the second-largest supplier, Free Zones (X tons), twofold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Colombia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (X% per year) and Hong Kong SAR (X% per year).

In value terms, Colombia ($X) constituted the largest supplier of articles of asbestos-cement, of cellulose fibre-cement to Panama, comprising X% of total imports. The second position in the ranking was taken by Free Zones ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Colombia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The average import price for articles of asbestos-cement, of cellulose fibre-cement stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform