Price for Copper; Waste and Scrap in Panama - 2024

Contents:

1. Price for Copper; Waste and Scrap in Panama (FOB) - 2024
2. Price for Copper; Waste and Scrap in Panama (CIF) - 2022
3. Exports of Copper; Waste and Scrap in Panama
4. Imports of Copper; Waste and Scrap in Panama

Price for Copper; Waste and Scrap in Panama (FOB) - 2024

In January 2024, the average copper; waste and scrap export price amounted to $2,358 per ton, growing by 62% against the previous month. In general, the export price enjoyed a slight expansion. Over the period under review, the average export prices attained the peak figure at $2,976 per ton in August 2023; however, from September 2023 to January 2024, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In January 2024, the country with the highest price was Malaysia ($4,810 per ton), while the average price for exports to Japan ($600 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to India (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Waste and Scrap in Panama (CIF) - 2022

In 2022, the average copper; waste and scrap import price amounted to $2,057 per ton, with an increase of 93% against the previous year. In general, the import price, however, continues to indicate a abrupt slump. The import price peaked at $7,381 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2013 to 2022, the rate of growth in terms of prices for the United States amounted to +4.2% per year.

Exports of Copper; Waste and Scrap in Panama

In 2022, exports of copper; waste and scraps from Panama fell to 6.7K tons, remaining stable against the previous year's figure. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 116% against the previous year. As a result, the exports reached the peak of 6.7K tons, leveling off in the following year.

In value terms, copper; waste and scrap exports declined slightly to $14M in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 110% against the previous year. As a result, the exports attained the peak of $15M, and then fell slightly in the following year.

Top Export Markets for Copper; Waste and Scrap from Panama in 2022:

1. South Korea (2080.5 tons)
2. United States (1136.5 tons)
3. Spain (897.9 tons)
4. Colombia (524.6 tons)
5. Netherlands (502.4 tons)
6. Italy (461.4 tons)
7. Belgium (334.9 tons)
8. Ecuador (47.8 tons)

Imports of Copper; Waste and Scrap in Panama

In 2022, the amount of copper; waste and scraps imported into Panama dropped sharply to 32 tons, which is down by -92.3% compared with the previous year. Over the period under review, imports saw a sharp reduction. The growth pace was the most rapid in 2021 when imports increased by 3,084% against the previous year. As a result, imports attained the peak of 417 tons, and then fell dramatically in the following year.

In value terms, copper; waste and scrap imports reduced dramatically to $66K in 2022. Overall, imports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 when imports increased by 2,886%. As a result, imports attained the peak of $445K, and then reduced notably in the following year.

Top Suppliers of Copper; Waste and Scrap to Panama in 2022:

1. United States (32.2 tons)

Source: IndexBox Market Intelligence Platform