Panama - Ready-Mixed Concrete - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Ready-Mixed Concrete and Factory Made Mortar in Panama - 2023
Contents:
- Price for Ready-Mixed Concrete and Factory Made Mortar in Panama (CIF) - 2023
- Price for Ready-Mixed Concrete and Factory Made Mortar in Panama (FOB) - 2022
- Imports of Ready-Mixed Concrete and Factory Made Mortar in Panama
- Exports of Ready-Mixed Concrete and Factory Made Mortar in Panama
Price for Ready-Mixed Concrete and Factory Made Mortar in Panama (CIF) - 2023
In September 2023, the average import price for ready-mixed concrete and factory made mortars amounted to $304 per ton, flattening at the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average import price increased by 13% month-to-month. The import price peaked at $352 per ton in October 2022; however, from November 2022 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Spain ($868 per ton), while the price for Costa Rica ($171 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Ready-Mixed Concrete and Factory Made Mortar in Panama (FOB) - 2022
In 2022, the average export price for ready-mixed concrete and factory made mortars amounted to $415 per ton, therefore, remained relatively stable against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 111% against the previous year. The export price peaked at $701 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($699 per ton), while the average price for exports to Guatemala ($169 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 Bahamas (+105.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ready-Mixed Concrete and Factory Made Mortar in Panama
In 2022, the amount of ready-mixed concrete and factory made mortars imported into Panama dropped to 20K tons, shrinking by -3.1% against the previous year's figure. Overall, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 134% against the previous year.
In value terms, imports of ready-mixed concrete and factory made mortars contracted slightly to $6.3M in 2022. Over the period under review, imports showed a slight downturn. The growth pace was the most rapid in 2021 with an increase of 159%.
| Import of Ready-Mixed Concrete and Factory Made Mortar in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 2,255 | 1,166 | 3,230 | 2,898 | 8.7% |
| Costa Rica | 2,105 | 404 | 867 | 1,254 | -15.9% |
| Italy | 362 | 87.4 | 762 | 667 | 22.6% |
| Spain | 525 | 212 | 617 | 573 | 3.0% |
| United States | 951 | 308 | 514 | 531 | -17.7% |
| Colombia | 147 | 43.3 | 101 | 220 | 14.4% |
| Others | 304 | 224 | 241 | 141 | -22.6% |
| Total | 6,648 | 2,445 | 6,332 | 6,285 | -1.9% |
Top Suppliers of Ready-Mixed Concrete and Factory Made Mortar to Panama in 2022:
- Mexico (9.6K tons)
- Costa Rica (6.7K tons)
- Italy (1.2K tons)
- United States (1.1K tons)
- Spain (0.9K tons)
- Colombia (0.4K tons)
Exports of Ready-Mixed Concrete and Factory Made Mortar in Panama
Exports of ready-mixed concrete and factory made mortars from Panama amounted to 8.8 tons in 2022, approximately mirroring 2021. Overall, exports faced a sharp contraction. The smallest decline of -58.7% was in 2020.
In value terms, exports of ready-mixed concrete and factory made mortars amounted to $3.7K in 2022. Over the period under review, exports showed a sharp shrinkage. The smallest decline of -62.1% was in 2020.
| Export of Ready-Mixed Concrete and Factory Made Mortar in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Trinidad and Tobago | 1.5 | 4.5 | N/A | 2.0 | 10.1% |
| Dominican Republic | 0.3 | 0.3 | N/A | 0.6 | 26.0% |
| Venezuela | 3.5 | 0.6 | N/A | 0.4 | -51.5% |
| Cuba | 2.4 | 0.4 | N/A | 0.2 | -56.3% |
| Jamaica | N/A | N/A | N/A | 0.1 | 0% |
| Costa Rica | 2.8 | 0.5 | N/A | 0.1 | -67.1% |
| Guatemala | 2.7 | 0.4 | N/A | 0.1 | -66.7% |
| Colombia | 1.8 | 0.3 | N/A | 0.1 | -61.8% |
| Others | 4.2 | 0.3 | N/A | 0.1 | -71.2% |
| Total | 19.3 | 7.3 | N/A | 3.7 | -42.3% |
Top Export Markets for Ready-Mixed Concrete and Factory Made Mortar from Panama in 2022:
- Dominican Republic (3304.0 kg)
- Trinidad and Tobago (3132.0 kg)
- Cuba (809.0 kg)
- Venezuela (565.0 kg)
- Guatemala (325.0 kg)
- Colombia (307.0 kg)
- Jamaica (200.0 kg)
- Costa Rica (110.0 kg)
This report provides an in-depth analysis of the market for ready-mixed concrete and factory made mortar in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23631000 - Ready-mixed concrete
- Prodcom 23641000 - Factory made mortars
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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