Price for Iron or Steel; Cast Articles in Panama - 2024
Contents:
- Price for Iron or Steel; Cast Articles in Panama (CIF) - 2024
- Price for Iron or Steel; Cast Articles in Panama (FOB) - 2022
- Imports of Iron or Steel; Cast Articles in Panama
- Exports of Iron or Steel; Cast Articles in Panama
Price for Iron or Steel; Cast Articles in Panama (CIF) - 2024
The average import price for iron or steel; cast articleses stood at $1,595 per ton in May 2023, with a decrease of -77% against the previous month. Overall, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in April 2023 when the average import price increased by 356% m-o-m. As a result, import price reached the peak level of $6,941 per ton, and then dropped remarkably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was China ($4,821 per ton), while the price for the United States totaled $1,542 per ton.
From January 2023 to May 2023, the most notable rate of growth in terms of prices was attained by China (+42.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Steel; Cast Articles in Panama (FOB) - 2022
The average export price for iron or steel; cast articleses stood at $1,949 per ton in 2022, shrinking by -67.5% against the previous year. Over the period under review, the export price saw a deep setback. The pace of growth was the most pronounced in 2019 an increase of 125% against the previous year. Over the period under review, the average export prices attained the maximum at $11,550 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($10,288 per ton), while the average price for exports to South Korea ($251 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 Venezuela (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Cast Articles in Panama
After three years of growth, purchases abroad of iron or steel; cast articleses decreased by -76.8% to 17K tons in 2022. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when imports increased by 567% against the previous year.
In value terms, iron or steel; cast articles imports fell sharply to $44M in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 547%.
| Import of Iron or Steel; Cast Articles in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | 0.2 | 0.7 | 14.5 | 751.5% |
| China | 2.0 | 0.3 | 2.2 | 11.9 | 81.2% |
| United States | 0.6 | 26.0 | 80.7 | 10.6 | 160.4% |
| Others | 1.7 | 1.3 | 5.6 | 6.7 | 58.0% |
| Total | 4.3 | 27.8 | 89.2 | 43.7 | 116.6% |
Top Suppliers of Iron or Steel; Cast Articles to Panama in 2022:
- China (9.1K tons)
- United States (6.4K tons)
- Australia (1.1K tons)
Exports of Iron or Steel; Cast Articles in Panama
In 2022, iron or steel; cast articles exports from Panama skyrocketed to 11 tons, jumping by 196% compared with the previous year. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, iron or steel; cast articles exports reduced to $21K in 2022. Overall, exports, however, continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year.
| Export of Iron or Steel; Cast Articles in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 9.3 | 2.0 | 4.1 | 13.1 | 12.1% |
| Guatemala | 13.6 | 7.2 | 14.1 | 2.4 | -43.9% |
| South Korea | N/A | N/A | N/A | 2.0 | 0% |
| Colombia | 0.7 | N/A | N/A | 0.9 | 8.7% |
| Costa Rica | 3.2 | 1.4 | 1.7 | 0.4 | -50.0% |
| Nicaragua | N/A | 0.1 | N/A | 0.2 | 41.4% |
| Trinidad and Tobago | N/A | 2.3 | N/A | N/A | 0% |
| Guyana | N/A | N/A | 0.5 | N/A | 0% |
| El Salvador | 9.1 | 0.3 | 0.5 | N/A | -76.6% |
| Others | 11.3 | 2.0 | 0.9 | 2.0 | -43.9% |
| Total | 47.2 | 15.3 | 21.9 | 21.0 | -23.7% |
Top Export Markets for Iron or Steel; Cast Articles from Panama in 2022:
- South Korea (8.0 tons)
- Ecuador (1.7 tons)
- Colombia (0.4 tons)
- Guatemala (0.2 tons)
- Nicaragua (0.2 tons)
- Costa Rica (0.1 tons)
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