Quartzite Price in Panama - 2023

Quartzite Price in Panama (CIF) - 2022

The average quartzite import price stood at $1,216 per ton in 2022, jumping by 61% against the previous year. Over the period under review, the import price recorded a tangible expansion. The most prominent rate of growth was recorded in 2016 an increase of 86% against the previous year. As a result, import price attained the peak level of $1,313 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($9,553 per ton), while the price for India ($373 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Quartzite Price in Panama (FOB) - 2022

In 2022, the average quartzite export price amounted to $2,429 per ton, increasing by 12% against the previous year. Over the period under review, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 127%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Guatemala.

From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to +20.9% per year.

Quartzite Imports in Panama

Quartzite imports into Panama skyrocketed to 8.1 tons in 2022, increasing by 433% compared with the previous year. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, quartzite imports skyrocketed to $9.8K in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Quartzite in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	0.1	0.1	0.4	8.3	336.2%
India	0.8	0.2	0.5	1.2	14.5%
United States	0.3	0.1	0.2	0.4	10.1%
Others	N/A	N/A	N/A	N/A	0%
Total	1.2	0.4	1.1	9.8	101.4%

Top Suppliers of Quartzite to Panama in 2022:

China (4.8 tons)
India (3.2 tons)

Quartzite Exports in Panama

Quartzite exports from Panama skyrocketed to 147 kg in 2022, increasing by 50% on 2021. In general, exports posted prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 104%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, quartzite exports skyrocketed to $357 in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 212% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.