Price for Ferrous Waste and Scrap; of Stainless Steel in Panama - 2024

Contents:

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

Price for Ferrous Waste and Scrap; of Stainless Steel in Panama (FOB) - 2022

The average export price for ferrous waste and scrap; of stainless steels stood at $785 per ton in 2022, stabilizing at the previous year. In general, the export price saw a perceptible decline. The pace of growth appeared the most rapid in 2014 an increase of 997%. As a result, the export price attained the peak level of $1,527 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($1,103 per ton), while the average price for exports to India ($621 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 India (+43.6%), while the prices for the other major destinations experienced a decline.

Price for Ferrous Waste and Scrap; of Stainless Steel in Panama (CIF) - 2022

In 2021, the average import price for ferrous waste and scrap; of stainless steels amounted to $1,556 per ton, surging by 28% against the previous year. Overall, the import price, however, showed a perceptible setback. Over the period under review, average import prices reached the maximum at $1,884 per ton in 2013; however, from 2014 to 2021, 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 2021, the rate of growth in terms of prices for the United States amounted to +0.9% per year.

Exports of Ferrous Waste and Scrap; of Stainless Steel in Panama

In 2022, the amount of ferrous waste and scrap; of stainless steels exported from Panama stood at 217 tons, almost unchanged from the year before. In general, exports continue to indicate a sharp setback. The smallest decline of -62.8% was in 2020.

In value terms, exports of ferrous waste and scrap; of stainless steels stood at $170K in 2022. Overall, exports saw a sharp curtailment. The smallest decline of -63.3% was in 2020.

Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Panama in 2022:

1. India (72.5 tons)
2. Netherlands (59.1 tons)
3. South Korea (54.1 tons)
4. Italy (31.5 tons)

Imports of Ferrous Waste and Scrap; of Stainless Steel in Panama

Imports of ferrous waste and scrap; of stainless steels into Panama dropped markedly to 250 kg in 2021, with a decrease of 99.9% against the year before. Overall, imports showed a precipitous contraction. The smallest decline of -31.7% was in 2020.

In value terms, imports of ferrous waste and scrap; of stainless steels contracted dramatically to $389 in 2021. In general, imports saw a sharp decrease. The smallest decline of -34.6% was in 2020.

Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Panama in 2022:

1. United States (250.0 kg)

Source: IndexBox Market Intelligence Platform