Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Panama - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Panama (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Panama (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Panama
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Panama
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Panama (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $1,456 per ton, rising by 14% against the previous year. In general, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 33% against the previous year. The import price peaked at $30,417 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Free Zones ($3,816 per ton), while the price for Spain ($550 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Panama (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $1,220 per ton, flattening at the previous year. Overall, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 79%. As a result, the export price reached the peak level of $10,067 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($9,281 per ton), while the average price for exports to El Salvador ($339 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 Saint Lucia (+52.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Panama
After three years of growth, supplies from abroad of iron or non-alloy steel wire, plated or coated with non-zinc base metalses decreased by -27.3% to 96 tons in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 172% against the previous year. As a result, imports attained the peak of 132 tons, and then dropped remarkably in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses dropped remarkably to $140K in 2022. Overall, imports, however, recorded prominent growth. The growth pace was the most rapid in 2021 when imports increased by 68% against the previous year. As a result, imports attained the peak of $169K, and then declined dramatically in the following year.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 62.6 | 72.8 | 122 | 102 | 17.7% |
| Brazil | 1.0 | 1.5 | 13.5 | 6.2 | 83.7% |
| Costa Rica | 3.6 | 4.2 | 7.1 | 5.9 | 17.9% |
| Dominican Republic | 4.0 | 3.7 | 5.1 | 3.5 | -4.4% |
| Free Zones | 2.6 | 6.2 | 6.9 | 3.3 | 8.3% |
| Pakistan | N/A | 2.3 | 1.3 | 3.2 | 18.0% |
| El Salvador | 1.8 | 1.8 | 2.5 | 1.7 | -1.9% |
| Spain | 1.7 | 1.5 | 2.0 | 1.3 | -8.6% |
| Others | 7.4 | 6.6 | 8.2 | 12.5 | 19.1% |
| Total | 84.9 | 101 | 169 | 140 | 18.1% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Panama in 2022:
- Portugal (76.5 tons)
- Brazil (3.3 tons)
- Costa Rica (2.6 tons)
- Dominican Republic (2.6 tons)
- Pakistan (2.3 tons)
- Spain (2.3 tons)
- El Salvador (1.3 tons)
- Free Zones (0.9 tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Panama
In 2022, approx. 2 tons of iron or non-alloy steel wire, plated or coated with non-zinc base metalses were exported from Panama; approximately mirroring 2021 figures. In general, exports continue to indicate a significant curtailment. The smallest decline of 99.9% was in 2021.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $2.4K in 2022. Overall, exports faced a significant contraction. The smallest decline of 99.9% was in 2021.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Panama (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Brazil | 1,696 | N/A | 1,840 | 4.2% | |
| Costa Rica | 439 | N/A | 398 | -4.8% | |
| Nicaragua | 53.0 | N/A | 58.0 | 4.6% | |
| El Salvador | 33.0 | N/A | 29.0 | -6.3% | |
| Aruba | 39.0 | N/A | 21.0 | -26.6% | |
| Others | 2,631 | N/A | 100 | -80.5% | |
| Total | 4,891 | N/A | 2,446 | -29.3% | |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Panama in 2022:
- Costa Rica (873.0 kg)
- Brazil (738.0 kg)
- Nicaragua (103.0 kg)
- El Salvador (86.0 kg)
- Aruba (55.0 kg)
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This report provides an in-depth analysis of the market for iron and steel wire in Panama.
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