Price for Monumental or Building Stone, Other than Granite and Sandstone in Panama - 2022
Contents:
- Price for Monumental or Building Stone, Other than Granite and Sandstone in Panama (CIF) - 2022
- Price for Monumental or Building Stone, Other than Granite and Sandstone in Panama (FOB) - 2022
- Imports of Monumental or Building Stone, Other than Granite and Sandstone in Panama
- Exports of Monumental or Building Stone, Other than Granite and Sandstone in Panama
Price for Monumental or Building Stone, Other than Granite and Sandstone in Panama (CIF) - 2022
In 2022, the average import price for monumental or building stone, other than granite and sandstone amounted to $1,254 per ton, increasing by 62% against the previous year. Overall, the import price enjoyed a remarkable increase. The growth pace was the most rapid in 2021 when the average import price increased by 166%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($2,244 per ton), while the price for Italy ($386 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+18.3%), while the prices for the other major suppliers experienced a decline.
Price for Monumental or Building Stone, Other than Granite and Sandstone in Panama (FOB) - 2022
The average export price for monumental or building stone, other than granite and sandstone stood at $210 per ton in 2022, jumping by 118% against the previous year. In general, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 167%. As a result, the export price attained the peak level of $1,054 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($63,225 per ton), while the average price for exports to Costa Rica ($206 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 Guatemala (+78.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Monumental or Building Stone, Other than Granite and Sandstone in Panama
After two years of decline, purchases abroad of monumental or building stone, other than granite and sandstone increased by 20% to 27 tons in 2022. In general, imports, however, recorded a sharp slump.
In value terms, imports of monumental or building stone, other than granite and sandstone surged to $34K in 2022. Over the period under review, imports, however, saw a abrupt shrinkage.
Import of Monumental or Building Stone, Other than Granite and Sandstone in Panama (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,879 | 1,066 | 1,096 | 1,608 | -5.1% |
India | 1,293 | 1,117 | 933 | 1,284 | -0.2% |
South Korea | 348 | 698 | 483 | 720 | 27.4% |
Guatemala | 332 | 638 | 423 | 603 | 22.0% |
United States | 170 | 325 | 213 | 278 | 17.8% |
Colombia | 123 | 213 | 128 | 165 | 10.3% |
Italy | 81.0 | 133 | 75.0 | 91.0 | 4.0% |
Turkey | N/A | N/A | 1,458 | N/A | 0% |
Others | 38,505 | 11,776 | 12,876 | 29,541 | -8.5% |
Total | 42,731 | 15,966 | 17,685 | 34,290 | -7.1% |
Top Suppliers of Monumental or Building Stone, Other than Granite and Sandstone to Panama in 2022:
- China (2.3 tons)
- India (1.3 tons)
- Guatemala (1.0 tons)
- South Korea (1.0 tons)
- United States (0.6 tons)
- Colombia (0.3 tons)
- Italy (0.2 tons)
Exports of Monumental or Building Stone, Other than Granite and Sandstone in Panama
In 2022, the amount of monumental or building stone, other than granite and sandstone exported from Panama surged to 77 tons, growing by 49% against the previous year. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 939%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of monumental or building stone, other than granite and sandstone skyrocketed to $16K in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 294%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Monumental or Building Stone, Other than Granite and Sandstone in Panama (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Portugal | N/A | N/A | N/A | 1,484 | 0% |
Venezuela | 2,047 | 759 | 1,731 | 683 | -30.6% |
Trinidad and Tobago | 1,277 | 89.0 | 831 | 275 | -40.1% |
Costa Rica | 194 | 72.0 | 164 | 65.0 | -30.5% |
Guatemala | 682 | 166 | 248 | 50.0 | -58.1% |
Suriname | 1,714 | N/A | N/A | N/A | 0% |
United Arab Emirates | N/A | N/A | 658 | N/A | 0% |
Others | 1,586 | 181 | 1,359 | 13,668 | 105.0% |
Total | 7,500 | 1,267 | 4,991 | 16,225 | 29.3% |
Top Export Markets for Monumental or Building Stone, Other than Granite and Sandstone from Panama in 2022:
- Portugal (4.6 tons)
- Costa Rica (0.3 tons)
- Trinidad and Tobago (0.2 tons)
- Venezuela (0.1 tons)
This report provides an in-depth analysis of the market for granite, sandstone and other building stone in Panama.
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