Panama: Market for Ceramic Pipes, Conduits, Guttering And Pipe Fittings 2024

Market Size for Ceramic Pipes, Conduits, Guttering And Pipe Fittings in Panama

In 2023, the Panamanian market for ceramic pipes, conduits, guttering and pipe fittings decreased by X% to less than $X for the first time since 2019, thus ending a three-year declining trend. Over the period under review, consumption saw a abrupt slump. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Ceramic Pipes, Conduits, Guttering And Pipe Fittings in Panama

In value terms, production of ceramic pipes, conduits, guttering and pipe fittings dropped dramatically to $X in 2023 estimated in export price. In general, production saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Ceramic Pipes, Conduits, Guttering And Pipe Fittings

Exports from Panama

In 2020, exports of ceramic pipes, conduits, guttering and pipe fittings from Panama soared to X tons, growing by X% compared with 2019 figures. Overall, exports enjoyed a strong expansion. The exports peaked at X tons in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

In value terms, exports of ceramic pipes, conduits, guttering and pipe fittings reduced notably to $X in 2020. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Trinidad and Tobago (X tons) was the main destination for exports of ceramic pipes, conduits, guttering and pipe fittings from Panama, accounting for a X% share of total exports. Moreover, exports of ceramic pipes, conduits, guttering and pipe fittings to Trinidad and Tobago exceeded the volume sent to the second major destination, Venezuela (X tons), fourfold.

From 2012 to 2020, the average annual rate of growth in terms of volume to Trinidad and Tobago was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and Haiti (X% per year).

In value terms, Trinidad and Tobago ($X) emerged as the key foreign market for ceramic pipes, conduits, guttering and pipe fittings exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Venezuela ($X), with an X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value to Trinidad and Tobago was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and Haiti (X% per year).

Export Prices by Country

The average export price for ceramic pipes, conduits, guttering and pipe fittings stood at $X per ton in 2020, waning by X% against the previous year. Over the period under review, the export price, however, posted a slight increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2020, amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%).

Imports of Ceramic Pipes, Conduits, Guttering And Pipe Fittings

Imports into Panama

Imports of ceramic pipes, conduits, guttering and pipe fittings into Panama surged to X tons in 2023, growing by X% compared with the previous year. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. 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 ceramic pipes, conduits, guttering and pipe fittings soared to $X in 2023. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. 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, China (X tons) was the main supplier of ceramic pipe, conduit, guttering and pipe fitting to Panama, with a X% share of total imports. Moreover, imports of ceramic pipes, conduits, guttering and pipe fittings from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of ceramic pipes, conduits, guttering and pipe fittings to Panama, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the average import price for ceramic pipes, conduits, guttering and pipe fittings amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of X%. The import price peaked at $X per ton in 2020; however, from 2021 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2013 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