Panama: Market for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders 2024

Market Size for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in Panama

For the fifth consecutive year, the Panamanian market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Exports from Panama

For the third consecutive year, Panama recorded decline in overseas shipments of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders, which decreased by X% to X square meters in 2022. Overall, exports recorded a mild decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X square meters in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders totaled $X in 2022. Over the period under review, exports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X square meters) was the main destination for exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders from Panama, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Colombia stood at X%.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia was relatively modest.

Export Prices by Country

In 2022, the average export price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders amounted to $X per thousand square meters, leveling off at the previous year. In general, the export price continues to indicate a significant contraction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per thousand square meters in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for Aruba amounted to X% per year.

Imports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Imports into Panama

For the fifth consecutive year, Panama recorded decline in supplies from abroad of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders, which decreased by X% to X square meters in 2022. In general, imports, however, continue to indicate a notable expansion. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X square meters in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders shrank sharply to $X in 2022. Over the period under review, imports showed a perceptible decline. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X square meters) constituted the largest supplier of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders to Panama, with a X% share of total imports. Moreover, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders from the United States exceeded the figures recorded by the second-largest supplier, China (X square meters), fivefold. The third position in this ranking was taken by Brazil (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Brazil (X% per year).

In value terms, the United States ($X), Spain ($X) and Brazil ($X) constituted the largest boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders suppliers to Panama, together accounting for X% of total imports.

Among the main suppliers, the United States, 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

The average import price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders stood at $X per thousand square meters in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a abrupt slump. Over the period under review, average import prices hit record highs at $X per thousand square meters in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per thousand square meters), while the price for the United States ($X per thousand square meters) was amongst the lowest.

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

Source: IndexBox Platform

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