Price for Nickel; Tube and Pipe Fittings in Panama - 2024
Contents:
- Price for Nickel; Tube and Pipe Fittings in Panama (CIF) - 2022
- Price for Nickel; Tube and Pipe Fittings in Panama (FOB) - 2022
- Imports of Nickel; Tube and Pipe Fittings in Panama
- Exports of Nickel; Tube and Pipe Fittings in Panama
Price for Nickel; Tube and Pipe Fittings in Panama (CIF) - 2022
In 2022, the average import price for nickel; tube and pipe fittingses amounted to $12,395 per ton, jumping by 65% against the previous year. In general, the import price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2019 when the average import price increased by 1,066% against the previous year. As a result, import price attained the peak level of $65,864 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($70,400 per ton), while the price for Free Zones ($6,761 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+60.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nickel; Tube and Pipe Fittings in Panama (FOB) - 2022
In 2020, the average export price for nickel; tube and pipe fittingses amounted to $86,667 per ton, which is down by -14.4% against the previous year. Over the period under review, the export price, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2018 an increase of 91%. The export price peaked at $101,199 per ton in 2019, and then declined in the following year.
As there is only one major export destination, the average price level is determined by prices for Venezuela.
From 2012 to 2020, the rate of growth in terms of prices for Cuba amounted to +62.1% per year.
Imports of Nickel; Tube and Pipe Fittings in Panama
In 2022, after two years of decline, there was significant growth in supplies from abroad of nickel; tube and pipe fittingses, when their volume increased by 268% to 276 kg. In general, imports, however, recorded a precipitous slump.
In value terms, nickel; tube and pipe fittings imports soared to $3.4K in 2022. Overall, imports, however, saw a sharp reduction.
| Import of Nickel; Tube and Pipe Fittings in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 2.4 | 0.2 | 0.6 | 1.4 | -16.4% |
| United States | 2.0 | 3.2 | N/A | 1.3 | -13.4% |
| South Korea | N/A | N/A | N/A | 0.7 | 0% |
| China | N/A | 1.1 | N/A | N/A | 0% |
| Mexico | 7.9 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 36.1 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 2.1 | N/A | N/A | 600.0% |
| Total | 48.7 | 6.6 | 0.6 | 3.4 | -58.8% |
Top Suppliers of Nickel; Tube and Pipe Fittings to Panama in 2022:
- Free Zones (205.0 kg)
- United States (61.0 kg)
- South Korea (10.0 kg)
Exports of Nickel; Tube and Pipe Fittings in Panama
In 2020, exports of nickel; tube and pipe fittingses from Panama plummeted to 3 kg, falling by -99.5% against 2019 figures. Over the period under review, exports continue to indicate a sharp slump.
In value terms, nickel; tube and pipe fittings exports fell remarkably to $260 in 2020. Overall, exports saw a dramatic shrinkage.
| Export of Nickel; Tube and Pipe Fittings in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Venezuela | 5.5 | 0.3 | -94.5% | ||
| Dominican Republic | 9.5 | N/A | 0% | ||
| Trinidad and Tobago | 40.7 | N/A | 0% | ||
| Others | 1.4 | N/A | 0% | ||
| Total | 57.1 | 0.3 | -99.5% | ||
Top Export Markets for Nickel; Tube and Pipe Fittings from Panama in 2022:
- Venezuela (3.0 kg)
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