Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Panama - 2023

Contents:

  1. Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Panama (CIF) - 2022
  2. Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Panama (FOB) - 2022
  3. Imports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Panama
  4. Exports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Panama

Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Panama (CIF) - 2022

The average import price for non-electric iron or steel central heating radiators of cast iron stood at $13 per unit in 2022, with a decrease of -47% against the previous year. In general, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 67%. Over the period under review, average import prices hit record highs at $26 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +24.2% per year.

Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Panama (FOB) - 2022

The average export price for non-electric iron or steel central heating radiators of cast iron stood at $14 per unit in 2022, approximately mirroring the previous year. Over the period under review, the export price recorded a moderate increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 41%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($37 per unit), while the average price for exports to Venezuela stood at $13 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+14.6%).

Imports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Panama

For the third consecutive year, Panama recorded decline in supplies from abroad of non-electric iron or steel central heating radiators of cast iron, which decreased by -29% to 88 units in 2022. Over the period under review, imports showed a sharp contraction. Over the period under review, imports of attained the peak figure at 1.4K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of non-electric iron or steel central heating radiators of cast iron declined significantly to $1.1K in 2022. Overall, imports showed a dramatic decrease. The smallest decline of -31.3% was in 2020. Over the period under review, imports of hit record highs at $18K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States3.70.40.71.1-33.3%
Hong Kong SAR8.88.51.9N/A-53.5%
South Korea1.11.00.2N/A-57.4%
China4.21.8N/AN/A-57.1%
Canada0.30.30.1N/A-42.3%
Others0.20.50.2N/A0.0%
Total18.212.53.01.1-60.8%

Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron to Panama in 2022:

  1. United States (88.0 units)

Exports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Panama

For the third year in a row, Panama recorded decline in shipments abroad of non-electric iron or steel central heating radiators of cast iron, which decreased by 0% to 136 units in 2022. In general, exports faced a sharp decline. The smallest decline of -74.3% was in 2020. Over the period under review, the exports of reached the maximum at 1.1K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of non-electric iron or steel central heating radiators of cast iron stood at $1.8K in 2022. Over the period under review, exports saw a significant decrease. The smallest decline of -63.8% was in 2020. The exports peaked at $10K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Venezuela9.62.6N/A1.7-43.8%
Colombia0.60.2N/A0.1-45.0%
BelizeN/A0.9N/AN/A0%
OthersN/AN/AN/AN/A0%
Total10.23.7N/A1.8-43.9%

Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron from Panama in 2022:

  1. Venezuela (133.0 units)
  2. Colombia (3.0 units)

Source: IndexBox Market Intelligence Platform

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