Report Update: May 1, 2024

Panama - Permanent Magnets Of Metal - Market Analysis, Forecast, Size, Trends And Insights

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Metal Permanent Magnet Price in Panama - 2023

Metal Permanent Magnet Price in Panama (CIF) - 2022

In 2022, the average metal permanent magnet import price amounted to $15,219 per ton, surging by 70% against the previous year. Overall, the import price posted a prominent expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 781%. As a result, import price attained the peak level of $32,603 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($10,243 per ton), while the price for Free Zones ($7,861 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Metal Permanent Magnet Price in Panama (FOB) - 2022

In 2022, the average metal permanent magnet export price amounted to $51,437 per ton, leveling off at the previous year. Overall, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2015 an increase of 542% against the previous year. Over the period under review, the average export prices hit record highs at $76,001 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($23,483 per ton), while the average price for exports to Aruba totaled $17,400 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+54.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Permanent Magnet Imports in Panama

In 2022, the amount of metal permanent magnets imported into Panama soared to 6.1 tons, rising by 59% on the previous year's figure. Overall, imports, however, faced a abrupt slump.

In value terms, metal permanent magnet imports soared to $93K in 2022. In general, imports, however, saw a dramatic decrease.

Import of Metal Permanent Magnet in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	196	23.1	22.2	77.4	-26.6%
United States	5.2	5.2	4.7	8.2	16.4%
Free Zones	12.9	9.5	2.2	3.1	-37.8%
Others	9.3	21.1	5.3	4.4	-22.1%
Total	224	58.9	34.5	93.1	-25.4%

Top Suppliers of Metal Permanent Magnet to Panama in 2022:

China (9.3 tons)
United States (0.8 tons)
Free Zones (0.4 tons)

Metal Permanent Magnet Exports in Panama

In 2022, overseas shipments of metal permanent magnets decreased by 0% to 812 kg, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by 63% against the previous year. As a result, the exports reached the peak of 1.6 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal permanent magnet exports totaled $42K in 2022. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 33%. As a result, the exports reached the peak of $84K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Metal Permanent Magnet in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Trinidad and Tobago	17.3	0.3	8.1	2.1	-50.5%
Aruba	0.1	0.3	0.4	0.1	0.0%
Barbados	N/A	11.8	N/A	N/A	0%
Free Zones	N/A	61.6	N/A	N/A	0%
Dominican Republic	18.3	N/A	N/A	N/A	0%
Grenada	1.1	N/A	N/A	N/A	0%
Colombia	18.9	N/A	N/A	N/A	0%
Peru	4.0	N/A	N/A	N/A	0%
Others	3.0	9.6	-8.6	39.6	136.3%
Total	62.8	83.5	N/A	41.8	-12.7%

Top Export Markets for Metal Permanent Magnet from Panama in 2022:

Trinidad and Tobago (89.0 kg)
Aruba (5.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal permanent magnet market 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 25992995 - Permanent magnets and articles intended to become permanent magnets, of metal

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023