Price for Ferrous Waste and Scrap; of Cast Iron in Panama - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in Panama (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Cast Iron in Panama (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Cast Iron in Panama
- Imports of Ferrous Waste and Scrap; of Cast Iron in Panama
Price for Ferrous Waste and Scrap; of Cast Iron in Panama (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of cast ira amounted to $258 per ton, increasing by 21% against the previous year. Overall, export price indicated a prominent expansion from 2013 to 2022: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ferrous waste and scrap; of cast ira increased by +55.7% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 43%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.
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 Colombia ($316 per ton), while the average price for exports to Vietnam ($131 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Cast Iron in Panama (CIF) - 2022
The average import price for ferrous waste and scrap; of cast ira stood at $241 per ton in 2022, with a decrease of -63.9% against the previous year. Overall, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 451% against the previous year. As a result, import price attained the peak level of $668 per ton, and then contracted markedly in the following year.
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 Belgium amounted to +2.9% per year.
Exports of Ferrous Waste and Scrap; of Cast Iron in Panama
In 2022, the amount of ferrous waste and scrap; of cast ira exported from Panama shrank remarkably to 163K tons, with a decrease of -23.5% against the year before. Over the period under review, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2021 with an increase of 92%. As a result, the exports reached the peak of 212K tons, and then contracted remarkably in the following year.
In value terms, exports of ferrous waste and scrap; of cast ira declined to $42M in 2022. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 146% against the previous year. As a result, the exports reached the peak of $45M, and then fell in the following year.
| Export of Ferrous Waste and Scrap; of Cast Iron in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 13.5 | 15.0 | 30.5 | 25.9 | 24.3% |
| Taiwan (Chinese) | 2.2 | 0.9 | 3.3 | 5.8 | 38.1% |
| India | 2.4 | 0.8 | 3.7 | 4.7 | 25.1% |
| Colombia | N/A | 0.1 | 4.4 | 1.8 | 324.3% |
| Guatemala | N/A | 0.8 | 1.5 | 1.3 | 27.5% |
| United States | 3.8 | 0.6 | 1.3 | 1.1 | -33.8% |
| Others | 3.9 | 0.2 | 0.6 | 1.3 | -30.7% |
| Total | 25.8 | 18.4 | 45.2 | 41.9 | 17.5% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Panama in 2022:
- Thailand (100.7K tons)
- Taiwan (Chinese) (23.9K tons)
- India (16.8K tons)
- Guatemala (5.9K tons)
- Colombia (5.8K tons)
- United States (2.0K tons)
Imports of Ferrous Waste and Scrap; of Cast Iron in Panama
In 2022, approx. 58 tons of ferrous waste and scrap; of cast ira were imported into Panama; waning by -27.8% compared with 2021 figures. In general, imports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 5.4%.
In value terms, imports of ferrous waste and scrap; of cast ira contracted sharply to $14K in 2022. Overall, imports continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2021 with an increase of 481% against the previous year.
| Import of Ferrous Waste and Scrap; of Cast Iron in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 30.6 | 1.4 | 6.2 | 14.1 | -22.8% |
| Belgium | N/A | 2.0 | 2.0 | N/A | 0.0% |
| Colombia | N/A | 3.0 | N/A | N/A | 0% |
| China | N/A | 3.0 | 3.0 | N/A | 0.0% |
| Peru | N/A | N/A | 42.6 | N/A | 0% |
| Italy | 31.9 | N/A | N/A | N/A | 0% |
| Jamaica | 19.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.3 | N/A | 0% |
| Total | 81.8 | 9.3 | 54.0 | 14.1 | -44.3% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Panama in 2022:
- United States (58.4 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Panama.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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