Panama: Marble And Travertine Market 2024

Marble And Travertine Market Size in Panama

The Panamanian marble and travertine market reduced to $X in 2022, falling by X% against the previous year. Overall, consumption recorded a abrupt decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Marble And Travertine Production in Panama

In value terms, marble and travertine production fell to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decrease. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Marble And Travertine Exports

Exports from Panama

In 2022, approx. X tons of marble and travertine were exported from Panama; waning by X% compared with the previous year. Overall, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, marble and travertine exports surged to $X in 2022. Over the period under review, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Venezuela (X tons) was the main destination for marble and travertine exports from Panama, accounting for a X% share of total exports. Moreover, marble and travertine exports to Venezuela exceeded the volume sent to the second major destination, the Dominican Republic (X tons), ninefold. The third position in this ranking was held by Trinidad and Tobago (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Venezuela amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Trinidad and Tobago (X% per year).

In value terms, Venezuela ($X) remains the key foreign market for marble and travertine exports from Panama, comprising X% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total exports. It was followed by Trinidad and Tobago, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Venezuela amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Trinidad and Tobago (X% per year).

Export Prices by Country

The average marble and travertine export price stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, the export price, however, showed a perceptible downturn. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Marble And Travertine Imports

Imports into Panama

In 2022, the amount of marble and travertine imported into Panama fell significantly to X tons, shrinking by X% compared with 2021. Overall, imports, however, continue to indicate a measured increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, marble and travertine imports fell sharply to $X in 2022. In general, imports showed a deep setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2021, Free Zones (X tons) constituted the largest marble and travertine supplier to Panama, accounting for a X% share of total imports. It was followed by the Dominican Republic (X tons), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Free Zones amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Spain (X% per year).

In value terms, Free Zones ($X) constituted the largest supplier of marble and travertine to Panama, comprising X% of total imports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Free Zones amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Spain (X% per year).

Import Prices by Country

In 2021, the average marble and travertine import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price, however, saw a significant decrease. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, 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 Spain ($X per ton), while the price for the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, 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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