Price for Copper; Powders and Flakes in Panama - 2022

Contents:

1. Price for Copper; Powders and Flakes in Panama (FOB) - 2022
2. Price for Copper; Powders and Flakes in Panama (CIF) - 2022
3. Exports of Copper; Powders and Flakes in Panama
4. Imports of Copper; Powders and Flakes in Panama

Price for Copper; Powders and Flakes in Panama (FOB) - 2022

The average copper; powders and flakes export price stood at $1,204 per ton in 2022, waning by -88.1% against the previous year. In general, the export price faced a sharp downturn. The most prominent rate of growth was recorded in 2020 an increase of 87%. Over the period under review, the average export prices reached the maximum at $15,242 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($17,727 per ton), while the average price for exports to Malaysia stood at $1,203 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+1.5%).

Price for Copper; Powders and Flakes in Panama (CIF) - 2022

In 2022, the average copper; powders and flakes import price amounted to $29,048 per ton, picking up by 4.9% against the previous year. In general, the import price posted pronounced growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 65% against the previous year. The import price peaked at $31,237 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +4.7% per year.

Exports of Copper; Powders and Flakes in Panama

In 2022, shipments abroad of copper; powders and flakeses increased by 1,105% to 293 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper; powders and flakes exports surged to $352K in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Powders and Flakes from Panama in 2022:

1. Malaysia (292.5 tons)

Imports of Copper; Powders and Flakes in Panama

For the third consecutive year, Panama recorded decline in supplies from abroad of copper; powders and flakeses, which decreased by -3.1% to 189 kg in 2022. Over the period under review, imports saw a deep downturn. The smallest decline of -3% was in 2021.

In value terms, copper; powders and flakes imports expanded modestly to $5.5K in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 5.3%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Copper; Powders and Flakes to Panama in 2022:

1. United States (189.0 kg)

Source: IndexBox Market Intelligence Platform