Price for Nickel; Tubes and Pipes, of Nickel Alloys in Panama - 2022

Contents:

1. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Panama (CIF) - 2022
2. Price for Nickel; Tubes and Pipes, of Nickel Alloys in Panama (FOB) - 2022
3. Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Panama
4. Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Panama

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Panama (CIF) - 2022

The average import price for nickel; tubes and pipes, of nickel alloyses stood at $27,800 per ton in 2022, dropping by -7% against the previous year. In general, the import price, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2015 an increase of 87%. Over the period under review, average import prices attained the peak figure at $50,510 per ton in 2018; however, from 2019 to 2022, import prices stood 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 the United States ($70,473 per ton), while the price for Brazil ($4,814 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Tubes and Pipes, of Nickel Alloys in Panama (FOB) - 2022

The average export price for nickel; tubes and pipes, of nickel alloyses stood at $53,714 per ton in 2022, surging by 26% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 35%. The export price peaked at $60,876 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Guatemala.

From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to -0.3% per year.

Imports of Nickel; Tubes and Pipes, of Nickel Alloys in Panama

Imports of nickel; tubes and pipes, of nickel alloyses into Panama soared to 4.7 tons in 2022, with an increase of 2,256% against the previous year's figure. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of nickel; tubes and pipes, of nickel alloyses surged to $131K in 2022. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Nickel; Tubes and Pipes, of Nickel Alloys to Panama in 2022:

1. Brazil (2.9 tons)
2. United States (1.6 tons)
3. China (0.2 tons)

Exports of Nickel; Tubes and Pipes, of Nickel Alloys in Panama

In 2022, the amount of nickel; tubes and pipes, of nickel alloyses exported from Panama reduced to 7 kg, dropping by -12.5% on the year before. Over the period under review, exports faced a abrupt shrinkage. The smallest decline of -11.1% was in 2021.

In value terms, exports of nickel; tubes and pipes, of nickel alloyses amounted to $376 in 2022. The total export value increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 10% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.

Top Export Markets for Nickel; Tubes and Pipes, of Nickel Alloys from Panama in 2022:

1. Guatemala (7.0 kg)

Source: IndexBox Market Intelligence Platform