Mica; Powder Price in Panama - 2023

Contents:

  1. Mica; Powder Price in Panama (CIF) - 2022
  2. Mica; Powder Price in Panama (FOB) - 2022
  3. Mica; Powder Imports in Panama
  4. Mica; Powder Exports in Panama

Mica; Powder Price in Panama (CIF) - 2022

The average mica; powder import price stood at $2,342 per ton in 2022, jumping by 67% against the previous year. Over the period under review, the import price saw a prominent expansion. The pace of growth was the most pronounced in 2020 an increase of 255% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +4.8% per year.

Mica; Powder Price in Panama (FOB) - 2022

The average mica; powder export price stood at $3,074 per ton in 2022, falling by -2% against the previous year. Overall, the export price, however, saw a remarkable increase. The growth pace was the most rapid in 2017 when the average export price increased by 133% against the previous year. The export price peaked at $3,160 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to +10.0% per year.

Mica; Powder Imports in Panama

In 2022, overseas purchases of mica; powders were finally on the rise to reach 500 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a sharp contraction.

In value terms, mica; powder imports skyrocketed to $1.2K in 2022. Over the period under review, imports, however, showed a sharp descent.

Import of Mica; Powder in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ColombiaN/AN/AN/A1.20%
Spain6.1N/AN/AN/A0%
China0.20.1N/AN/A-50.0%
United States4.95.80.5N/A-68.1%
Others0.1N/AN/AN/A0%
Total11.25.90.51.2-52.5%

Top Suppliers of Mica; Powder to Panama in 2022:

  1. Colombia (500.0 kg)

Mica; Powder Exports in Panama

In 2022, shipments abroad of mica; powders was finally on the rise to reach 68 kg after two years of decline. Overall, exports, however, faced a significant contraction.

In value terms, mica; powder exports surged to $209 in 2022. Over the period under review, exports, however, faced a dramatic decrease.

Export of Mica; Powder in Panama (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Venezuela410256160205-20.6%
OthersN/AN/AN/A4.00%
Total410256160209-20.1%

Top Export Markets for Mica; Powder from Panama in 2022:

  1. Venezuela (66.0 kg)

Source: IndexBox Market Intelligence Platform

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