Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Panama - 2023

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Panama (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Panama (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Panama
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Panama

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Panama (CIF) - 2022

The average import price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.4 per unit in 2022, picking up by 11% against the previous year. In general, the import price posted a moderate expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 73%. Over the period under review, average import prices attained the peak figure at $0.7 per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 the United States ($1 per unit), while the price for China ($0.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Panama (FOB) - 2022

The average export price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.3 per unit in 2022, almost unchanged from the previous year. Overall, the export price posted a moderate expansion. The growth pace was the most rapid in 2017 when the average export price increased by 12% against the previous year. The export price peaked at $0.3 per unit in 2018; however, from 2019 to 2022, 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 Colombia ($0.8 per unit), while the average price for exports to Nicaragua ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Panama

In 2022, the amount of millstones, grindstones, grinding wheels and the like; of natural stones imported into Panama shrank remarkably to 791K units, waning by -52.7% compared with the previous year's figure. In general, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 141% against the previous year. As a result, imports reached the peak of 1.7M units, and then contracted markedly in the following year.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones contracted remarkably to $303K in 2022. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 181% against the previous year. As a result, imports attained the peak of $580K, and then reduced remarkably in the following year.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Panama in 2022:

1. China (738.2K units)
2. United States (27.3K units)
3. Free Zones (12.8K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Panama

In 2022, the amount of millstones, grindstones, grinding wheels and the like; of natural stones exported from Panama amounted to 7.4K units, approximately equating the year before. Over the period under review, exports continue to indicate a dramatic shrinkage. The smallest decline of -81.1% was in 2020. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs at 83K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones amounted to $2K in 2022. Overall, exports recorded a precipitous contraction. The smallest decline of -82.6% was in 2020. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones reached the peak figure at $23K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Panama in 2022:

1. Dominican Republic (6.4K units)
2. Costa Rica (0.3K units)
3. Trinidad and Tobago (0.2K units)
4. Guatemala (0.1K units)
5. Nicaragua (0.1K units)

Source: IndexBox Market Intelligence Platform