Price for Powders of Pig Iron in Panama - 2023

Contents:

1. Price for Powders of Pig Iron in Panama (CIF) - 2022
2. Price for Powders of Pig Iron in Panama (FOB) - 2022
3. Imports of Powders of Pig Iron in Panama
4. Exports of Powders of Pig Iron in Panama

Price for Powders of Pig Iron in Panama (CIF) - 2022

The average powders of pig iron import price stood at $1,825 per ton in 2022, increasing by 16% against the previous year. Over the period under review, the import price, however, saw a deep slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 124%. The import price peaked at $3,318 per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 ($5,708 per ton), while the price for Germany ($1,524 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+32.0%), while the prices for the other major suppliers experienced a decline.

Price for Powders of Pig Iron in Panama (FOB) - 2022

The average powders of pig iron export price stood at $1,409 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price showed a noticeable reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by 1,525% against the previous year. The export price peaked at $2,958 per ton in 2019; however, from 2020 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 Venezuela.

From 2014 to 2022, the rate of growth in terms of prices for Venezuela amounted to -17.7% per year.

Imports of Powders of Pig Iron in Panama

Powders of pig iron imports into Panama skyrocketed to 27 tons in 2022, jumping by 2,162% compared with 2021. Overall, imports saw a moderate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, powders of pig iron imports skyrocketed to $49K in 2022. Over the period under review, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Powders of Pig Iron to Panama in 2022:

1. Germany (25.0 tons)
2. Free Zones (1.1 tons)
3. United States (0.8 tons)

Exports of Powders of Pig Iron in Panama

For the third year in a row, Panama recorded decline in overseas shipments of powders of pig ira, which decreased by 0% to 337 kg in 2022. Overall, exports showed a abrupt downturn. The smallest decline of -27.2% was in 2020.

In value terms, powders of pig iron exports amounted to $475 in 2022. Over the period under review, exports faced a dramatic contraction. The smallest decline of -38.7% was in 2020.

Top Export Markets for Powders of Pig Iron from Panama in 2022:

1. Venezuela (336.0 kg)
2. Guatemala (1.0 kg)

Source: IndexBox Market Intelligence Platform