Price for Quartz; Other than Natural Sands in Panama - 2023

Price for Quartz; Other than Natural Sands in Panama (CIF) - 2022

In 2022, the average import price for quartz; other than natural sandses amounted to $1,150 per ton, declining by -8.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 123%. Over the period under review, average import prices attained the maximum at $2,161 per ton in 2017; however, from 2018 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 Spain ($3,039 per ton), while the price for China ($809 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Quartz; Other than Natural Sands in Panama (FOB) - 2022

The average export price for quartz; other than natural sandses stood at $3,688 per ton in 2022, reducing by -43.6% against the previous year. Overall, the export price showed a slight setback. The pace of growth was the most pronounced in 2019 when the average export price increased by 1,238% against the previous year. As a result, the export price reached the peak level of $26,200 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($3,733 per ton), while the average price for exports to Costa Rica totaled $3,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (-3.7%).

Imports of Quartz; Other than Natural Sands in Panama

In 2022, the amount of quartz; other than natural sandses imported into Panama surged to 87 tons, picking up by 258% against the year before. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 450%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, quartz; other than natural sands imports skyrocketed to $101K in 2022. Over the period under review, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 297%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Quartz; Other than Natural Sands in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	39.4	4.6	13.6	54.4	11.4%
China	7.5	1.5	11.8	33.1	64.0%
Germany	1.6	0.4	2.9	10.5	87.2%
Brazil	4.1	1.1	1.9	0.5	-50.4%
Colombia	1.6	N/A	N/A	N/A	0%
Others	13.1	0.1	0.4	2.1	-45.7%
Total	67.3	7.7	30.6	101	14.5%

Top Suppliers of Quartz; Other than Natural Sands to Panama in 2022:

China (40.9 tons)
United States (36.2 tons)
Germany (9.0 tons)
Brazil (0.2 tons)

Exports of Quartz; Other than Natural Sands in Panama

Quartz; other than natural sands exports from Panama rose sharply to 16 kg in 2022, picking up by 6.7% on 2021. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 280% against the previous year. As a result, the exports attained the peak of 19 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, quartz; other than natural sands exports dropped rapidly to $59 in 2022. Overall, exports, however, continue to indicate a sharp setback. The smallest decline of -13% was in 2020.