Sand: Good Business

The price of a yard of sand in Panama has grown 82% in the last 2 years, from $11 to $20.

Wednesday, August 5, 2009

Nowadays, there are 30 underwater sand concessions and 13 continental ones in Panama. Municipalities charge concessionaires $0.30-$0.40 per cubic yard of sand, while builders pay $20, and even more, for using the same yard in their projects.

Jaime Jované is the president of the Panamanian Chamber of Construction. He insists that "environmental regulation have made the resource scarce, because limits have been imposed on sea sand exploitation, which is used in decor".

More on this topic

Rising Prices of Construction Materials

January 2013

In Panama cement prices increased between 11 and 12% from the first of January, and other materials are also rising.

Capital.com.pa reports that "With the construction boom and the arrival of the dry season, the country’s hardware stores have begun to record price increases in many of its products."

Soaring Construction Costs in Guatemala

January 2012

Materials and other inputs saw rises of 25 percent in 2011, with a quintal of iron having the highest price increase.

Construction materials experienced a 25.6 percent increase last year, compared to prices in 2010. A quintal of iron was the item with the most notable rise, going from Q337.7 ($ 43) in 2010 to Q423.58 ($ 54) in 2011, reported PrensaLibre.com.

Cement Prices Through the Roof in Costa Rica

May 2014

Cement in Costa Rica is twice as expensive as the U.S. and general building materials cost 1.5 times more than in the U.S. and Europe.  

In Costa Rica the cost of cement and its derivatives represent 30% of total construction cost of a luxury building and up to 50% on buildings that are semi luxury or of popular interest.

Panama: Prices of Building Materials in March 2014

July 2014

Between March 2013 and March 2014 the price of materials such as cement and bricks increased by 6.7% and 4.1%, respectively.

From a statement issued by the Comptroller General of the Republic of Panama:

Retail Prices Indices of the Main Construction Materials (IPMC), available in the districts of Panama and San Miguelito, compiled until January 2014, showed the following behaviors:

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