Price for Stainless Steel in Ingots or Other Primary Forms in Panama - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Panama (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Panama (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Panama
- Exports of Stainless Steel in Ingots or Other Primary Forms in Panama
Price for Stainless Steel in Ingots or Other Primary Forms in Panama (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $7,144 per ton, jumping by 43% against the previous year. In general, the import price saw a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +57.6% per year.
Price for Stainless Steel in Ingots or Other Primary Forms in Panama (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $3,676 per ton, approximately mirroring the previous year. In general, the export price saw a pronounced decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 87%. Over the period under review, the average export prices reached the maximum at $7,513 per ton in 2017; however, from 2018 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 the Dominican Republic ($38,000 per ton), while the average price for exports to Colombia ($3,046 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 Nicaragua (+231.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel in Ingots or Other Primary Forms in Panama
In 2022, imports of stainless steel in ingots or other primary forms into Panama skyrocketed to 2.3 tons, picking up by 1,914% against the previous year. Overall, imports continue to indicate resilient growth.
In value terms, imports of stainless steel in ingots or other primary forms skyrocketed to $16K in 2022. In general, imports recorded a significant expansion.
| Import of Stainless Steel in Ingots or Other Primary Forms in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 0.3 | N/A | 16.4 | 639.4% |
| Hong Kong SAR | 0.3 | 2.6 | N/A | N/A | 766.7% |
| Colombia | 1.2 | 11.3 | 0.1 | N/A | -71.1% |
| United States | 5.4 | 34.6 | 0.2 | N/A | -80.8% |
| Others | 2.0 | 16.9 | 0.2 | N/A | -68.4% |
| Total | 8.9 | 65.7 | 0.6 | 16.4 | 22.6% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Panama in 2022:
- China (2.3 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Panama
In 2022, shipments abroad of stainless steel in ingots or other primary forms decreased by 0% to 272 kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 17%. As a result, the exports reached the peak of 543 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of stainless steel in ingots or other primary forms stood at $1K in 2022. In general, exports continue to indicate a sharp slump. The smallest decline of -8.1% was in 2020.
| Export of Stainless Steel in Ingots or Other Primary Forms in Panama (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 1,476 | 1,505 | N/A | 795 | -18.6% |
| El Salvador | 305 | 296 | N/A | 142 | -22.5% |
| Jamaica | 89.0 | N/A | N/A | N/A | 0% |
| Canada | 45.0 | N/A | N/A | N/A | 0% |
| Others | 262 | 199 | N/A | 63.0 | -37.8% |
| Total | 2,177 | 2,000 | N/A | 1,000 | -22.8% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Panama in 2022:
- Colombia (261.0 kg)
- El Salvador (7.0 kg)
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