Panama - Iron Or Steel Nuts (Including Self-Locking Nuts) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Self-Locking Nut Price in Panama - 2023
Contents:
- Metal Self-Locking Nut Price in Panama (CIF) - 2022
- Metal Self-Locking Nut Price in Panama (FOB) - 2022
- Metal Self-Locking Nut Imports in Panama
- Metal Self-Locking Nut Exports in Panama
Metal Self-Locking Nut Price in Panama (CIF) - 2022
The average metal self-locking nut import price stood at $4,891 per ton in 2022, falling by -12.2% against the previous year. In general, the import price, however, enjoyed a temperate increase. The growth pace was the most rapid in 2016 when the average import price increased by 90% against the previous year. The import price peaked at $5,570 per ton in 2021, and then fell in the following year.
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 Hong Kong SAR ($15,000 per ton), while the price for China ($3,098 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+14.7%), while the prices for the other major suppliers experienced a decline.
Metal Self-Locking Nut Price in Panama (FOB) - 2022
The average metal self-locking nut export price stood at $2,770 per ton in 2022, with an increase of 6.9% against the previous year. In general, the export price, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2020 an increase of 16% against the previous year. Over the period under review, the average export prices reached the maximum at $3,921 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($5,852 per ton), while the average price for exports to Jamaica ($1,340 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Self-Locking Nut Imports in Panama
In 2022, approx. 280 tons of iron or steel nuts (including self-locking nuts) were imported into Panama; declining by -6% compared with 2021 figures. In general, imports showed a dramatic descent. The growth pace was the most rapid in 2021 with an increase of 0.6%.
In value terms, metal self-locking nut imports shrank rapidly to $1.4M in 2022. Overall, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 with an increase of 3.3%.
| Import of Metal Self-Locking Nut in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,410 | 534 | 260 | 483 | -30.0% |
| United States | 462 | 317 | 420 | 456 | -0.4% |
| Free Zones | 231 | 159 | 262 | 107 | -22.6% |
| Chile | 22.6 | 161 | 288 | 82.7 | 54.1% |
| Mexico | 134 | 225 | 156 | 39.5 | -33.4% |
| Colombia | 24.4 | 12.8 | 16.7 | 37.6 | 15.5% |
| Germany | 46.8 | 30.4 | 79.1 | 28.2 | -15.5% |
| Taiwan (Chinese) | 82.4 | 24.1 | 67.9 | 19.6 | -38.0% |
| Others | 215 | 145 | 110 | 117 | -18.4% |
| Total | 2,629 | 1,607 | 1,660 | 1,370 | -19.5% |
Top Suppliers of Metal Self-Locking Nut to Panama in 2022:
- China (155.8 tons)
- United States (43.1 tons)
- Chile (23.9 tons)
- Free Zones (22.2 tons)
- Colombia (9.8 tons)
- Germany (4.2 tons)
- Mexico (3.6 tons)
- Taiwan (Chinese) (3.0 tons)
Metal Self-Locking Nut Exports in Panama
In 2022, metal self-locking nut exports from Panama contracted remarkably to 125 tons, falling by -30.9% compared with the previous year. In general, exports showed a significant curtailment. The smallest decline of -5.4% was in 2021.
In value terms, metal self-locking nut exports fell significantly to $347K in 2022. Overall, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 4.7%.
| Export of Metal Self-Locking Nut in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 109 | 47.4 | 116 | 115 | 1.8% |
| Costa Rica | 87.4 | 104 | 108 | 81.1 | -2.5% |
| Chile | 7.3 | 13.4 | 10.1 | 33.8 | 66.7% |
| Colombia | 83.5 | 1.7 | 3.1 | 20.4 | -37.5% |
| Jamaica | 19.0 | 19.6 | 7.5 | 17.2 | -3.3% |
| Dominican Republic | 60.0 | 14.9 | 38.2 | 16.4 | -35.1% |
| Guyana | 27.5 | 21.0 | 21.1 | 15.3 | -17.8% |
| Belize | 4.1 | 0.1 | 0.6 | 13.1 | 47.3% |
| Sweden | 1.4 | N/A | N/A | 7.0 | 71.0% |
| Guatemala | 133 | 198 | 141 | 2.1 | -74.9% |
| Others | 27.2 | 27.9 | 23.7 | 25.2 | -2.5% |
| Total | 559 | 448 | 469 | 347 | -14.7% |
Top Export Markets for Metal Self-Locking Nut from Panama in 2022:
- Ecuador (54.0 tons)
- Costa Rica (24.3 tons)
- Jamaica (12.9 tons)
- Chile (7.2 tons)
- Belize (5.3 tons)
- Colombia (4.7 tons)
- Guyana (4.3 tons)
- Dominican Republic (4.1 tons)
- Sweden (2.0 tons)
- Guatemala (0.4 tons)
This report provides an in-depth analysis of the metal self-locking nut 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 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)
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.
-
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
-
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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