Panama - Iron Or Steel Expanded Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExpanded Metal Price in Panama - 2023
Contents:
- Expanded Metal Price in Panama (CIF) - 2022
- Expanded Metal Price in Panama (FOB) - 2022
- Expanded Metal Imports in Panama
- Expanded Metal Exports in Panama
Expanded Metal Price in Panama (CIF) - 2022
In 2022, the average expanded metal import price amounted to $1,825 per ton, jumping by 25% against the previous year. In general, the import price, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2013 an increase of 57%. As a result, import price attained the peak level of $3,686 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
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 Taiwan (Chinese) ($3,422 per ton), while the price for China ($1,202 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+20.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Expanded Metal Price in Panama (FOB) - 2022
In 2022, the average expanded metal export price amounted to $2,157 per ton, flattening at the previous year. In general, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2017 an increase of 154%. Over the period under review, the average export prices hit record highs at $4,617 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($2,264 per ton), while the average price for exports to Trinidad and Tobago stood at $2,088 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+14.1%), while the prices for the other major destinations experienced mixed trend patterns.
Expanded Metal Imports in Panama
In 2022, approx. 526 tons of iron or steel expanded metal were imported into Panama; which is down by -61.1% on the year before. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 114%. As a result, imports attained the peak of 1.4K tons, and then plummeted in the following year.
In value terms, expanded metal imports shrank rapidly to $959K in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 169% against the previous year. As a result, imports reached the peak of $2M, and then reduced markedly in the following year.
| Import of Expanded Metal in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 578 | 282 | 1,036 | 507 | -4.3% |
| China | 236 | 183 | 423 | 207 | -4.3% |
| Mexico | 39.9 | 216 | 361 | 177 | 64.3% |
| Taiwan (Chinese) | 44.8 | 21.4 | 87.2 | 42.7 | -1.6% |
| Others | 68.8 | 30.8 | 62.8 | 26.0 | -27.7% |
| Total | 968 | 733 | 1,970 | 959 | -0.3% |
Top Suppliers of Expanded Metal to Panama in 2022:
- South Korea (269.3 tons)
- China (172.4 tons)
- Mexico (60.7 tons)
- Taiwan (Chinese) (12.5 tons)
Expanded Metal Exports in Panama
After three years of growth, shipments abroad of iron or steel expanded metal decreased by -0.3% to 27 tons in 2022. The total export volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 4.2% against the previous year.
In value terms, expanded metal exports dropped modestly to $59K in 2022. In general, exports continue to indicate a mild descent. The growth pace was the most rapid in 2021 with an increase of 0.5% against the previous year.
| Export of Expanded Metal in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Trinidad and Tobago | 2.3 | 10.2 | 34.0 | 34.1 | 145.7% |
| Nicaragua | 10.8 | 1.3 | 19.8 | 19.6 | 22.0% |
| Venezuela | 1.0 | 22.1 | N/A | N/A | 2110.0% |
| Dominican Republic | N/A | 19.9 | N/A | N/A | 0% |
| Colombia | 5.5 | N/A | N/A | N/A | 0% |
| United States | N/A | 3.9 | N/A | N/A | 0% |
| El Salvador | 38.3 | N/A | N/A | N/A | 0% |
| Others | 3.5 | 1.2 | 5.0 | 5.1 | 13.4% |
| Total | 61.4 | 58.6 | 58.9 | 58.7 | -1.5% |
Top Export Markets for Expanded Metal from Panama in 2022:
- Trinidad and Tobago (16.3 tons)
- Nicaragua (8.7 tons)
This report provides an in-depth analysis of the expanded metal 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 25931350 - Iron or steel expanded 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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