Panama: Market for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster 2024

Market Size for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in Panama

The Panamanian market for boards, sheets, panels, or tiles of gypsum or plaster contracted to $X in 2022, shrinking by X% against the previous year. Overall, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in Panama

In value terms, production of boards, sheets, panels, or tiles of gypsum or plaster reduced modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Exports from Panama

In 2022, approx. X square meters of boards, sheets, panels, or tiles of gypsum or plaster were exported from Panama; falling by X% against the year before. Over the period under review, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X square meters in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of boards, sheets, panels, or tiles of gypsum or plaster dropped dramatically to $X in 2022. Overall, exports recorded a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United States (X square meters) was the main destination for exports of boards, sheets, panels, or tiles of gypsum or plaster from Panama, accounting for a X% share of total exports. Moreover, exports of boards, sheets, panels, or tiles of gypsum or plaster to the United States exceeded the volume sent to the second major destination, Jamaica (X square meters), threefold. The third position in this ranking was held by Barbados (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (X% per year) and Barbados (X% per year).

In value terms, the largest markets for board, sheet, panel, tile and similar article of plaster exported from Panama were Jamaica ($X), the United States ($X) and Barbados ($X), with a combined X% share of total exports.

Barbados, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for boards, sheets, panels, or tiles of gypsum or plaster amounted to $X per square meter, with an increase of X% against the previous year. Over the period under review, the export price saw a remarkable increase. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2020; however, from 2021 to 2022, 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 Grenada ($X per square meter), while the average price for exports to the United States ($X 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 Mozambique (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Imports into Panama

In 2022, approx. X square meters of boards, sheets, panels, or tiles of gypsum or plaster were imported into Panama; with a decrease of X% compared with the previous year's figure. Overall, imports, however, posted significant growth. The growth pace was the most rapid in 2013 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 stood at a somewhat lower figure.

In value terms, imports of boards, sheets, panels, or tiles of gypsum or plaster fell to $X in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021, and then fell in the following year.

Imports by Country

Mexico (X square meters), Colombia (X square meters) and China (X square meters) were the main suppliers of imports of boards, sheets, panels, or tiles of gypsum or plaster to Panama, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and Colombia ($X) constituted the largest board, sheet, panel, tile and similar article of plaster suppliers to Panama, with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, sheets, panels, or tiles of gypsum or plaster stood at $X per square meter in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain 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 China ($X per square meter), while the price for Colombia ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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