Panama: Graphite Market 2024

Graphite Market Size in Panama

The Panamanian graphite market shrank rapidly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, saw buoyant growth. Graphite consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Graphite Production in Panama

In value terms, graphite production declined markedly to $X in 2022 estimated in export price. Overall, production showed a abrupt decline. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Graphite Exports

Exports from Panama

In 2022, shipments abroad of graphite (natural) was finally on the rise to reach X kg after four years of decline. Over the period under review, exports, however, continue to indicate a dramatic setback. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, graphite exports surged to $X in 2022. Overall, exports, however, saw a sharp descent. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Venezuela (X kg) was the main destination for graphite exports from Panama, with a X% share of total exports. Moreover, graphite exports to Venezuela exceeded the volume sent to the second major destination, Colombia (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Venezuela totaled X%.

In value terms, Venezuela ($X) remains the key foreign market for graphite (natural) exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Venezuela stood at X%.

Export Prices by Country

In 2022, the average graphite export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price continues to indicate notable growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Venezuela amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (X%).

Graphite Imports

Imports into Panama

In 2022, approx. X tons of graphite (natural) were imported into Panama; almost unchanged from the year before. Over the period under review, imports enjoyed buoyant growth. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, graphite imports stood at $X in 2022. Overall, imports, however, showed a mild reduction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Free Zones (X tons) constituted the largest supplier of graphite to Panama, accounting for a X% share of total imports. Moreover, graphite imports from Free Zones exceeded the figures recorded by the second-largest supplier, Colombia (X kg), sixfold. The third position in this ranking was held by Brazil (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Free Zones totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Brazil (X% per year).

In value terms, Free Zones ($X) constituted the largest supplier of graphite (natural) to Panama, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Free Zones amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Colombia (X% per year).

Import Prices by Country

The average graphite import price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 ($X per ton), while the price for Brazil ($X 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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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