Panama’s cement production -7.9% in 5M 2024

In the first 5 months of 2024, Panama’s cement production declined by -7.9% to 0.574 Mt, after 0.623 Mt in the same period last year and 0.595 Mt in the year before.

In the first 5 months of 2024, Panama’s cement production declined by -7.9% to 0.574 Mt, after 0.623 Mt in the same period last year and 0.595 Mt in the year before.

In the first quarter of 2024, Panama’s cement production declined by -8.8% to 0.335 Mt, after 0.367 Mt in the same period last year and 0.342 Mt the year before.

In 2023, in Panama the cement exports declined by -22.9% to 0.159 Mta. While in the first 3 quarters of the year, still the YoY decline has been moderate, in the 4.Q the decline decreased to -62.9% YoY.

In 2023, in Panama the cement production increased by +0.5% to 1.370 Mta. However, the production declined steadily from the 2.Q and the growth rate declined each quarter. The cement capacity utilization increased to 47.2%.

In Panama, in the period from January to October 2023, in total only 0.152 Mt of grey cement have been exported, which is a YoY decline by -12.6, when compared to the same period in last year. In October 12550…

In Panama, in the period from January to October 2023, the cement production increased by +2.7% to 1.203 Mt, after 1.171 Mt in the same period last year. However, in October the production declined by -6.9% YoY to 0.114 Mt.

Panama has a small cement industry. Anyhow, in the first half of 2023 to cement production has been up, by +7.0%, from 0.710 Mt in first half 2022 to 0.760 Mt in first half of 2023. The cement exports declined…