Panama: Market for Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite) 2024

Market Size for Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite) in Panama

The Panamanian market for siliceous fossil meals (kieselguhr, tripolite and diatomite) fell to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption, however, enjoyed a pronounced expansion. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Production of Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite) in Panama

In value terms, production of siliceous fossil meals (kieselguhr, tripolite and diatomite) amounted to $X in 2022 estimated in export price. Overall, production showed a precipitous descent. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite)

Exports from Panama

In 2022, overseas shipments of siliceous fossil meals (kieselguhr, tripolite and diatomite) decreased by X% to X kg, falling for the third consecutive year after two years of growth. Overall, exports saw a precipitous shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of siliceous fossil meals (kieselguhr, tripolite and diatomite) contracted markedly to $X in 2022. In general, exports showed a precipitous decline. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X kg) was the main destination for exports of siliceous fossil meals (kieselguhr, tripolite and diatomite) from Panama, accounting for a X% share of total exports. Moreover, exports of siliceous fossil meals (kieselguhr, tripolite and diatomite) to Guatemala exceeded the volume sent to the second major destination, Switzerland (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Costa Rica (X% per year).

In value terms, Guatemala ($X) remains the key foreign market for siliceous fossil meals (kieselguhr, tripolite and diatomite) exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Switzerland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Guatemala amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Costa Rica (X% per year).

Export Prices by Country

The average export price for siliceous fossil meals (kieselguhr, tripolite and diatomite) stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price enjoyed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite)

Imports into Panama

In 2022, approx. X tons of siliceous fossil meals (kieselguhr, tripolite and diatomite) were imported into Panama; dropping by X% compared with the previous year. Overall, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports of reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of siliceous fossil meals (kieselguhr, tripolite and diatomite) declined to $X in 2022. In general, total imports indicated a tangible expansion from 2016 to 2022: its value increased at an average annual rate of X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of siliceous fossil meal (kieselguhr, tripolite and diatomite) to Panama, with a X% share of total imports. Moreover, imports of siliceous fossil meals (kieselguhr, tripolite and diatomite) from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2016 to 2022, the average annual growth rate of volume from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the Netherlands (X% per year).

In value terms, Mexico ($X), the United States ($X) and the Netherlands ($X) constituted the largest siliceous fossil meal (kieselguhr, tripolite and diatomite) suppliers to Panama, with a combined X% share of total imports.

Mexico, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for siliceous fossil meals (kieselguhr, tripolite and diatomite) stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, import price indicated a prominent expansion from 2016 to 2022: its price increased at an average annual rate of X% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for siliceous fossil meals (kieselguhr, tripolite and diatomite) increased by X% against 2016 indices. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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