Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Panama - 2024

Contents:

  1. Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Panama (CIF) - 2024
  2. Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Panama

Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Panama (CIF) - 2024

The average import price for steel alloy wire of materials other than silico-manganese steels stood at $994 per ton in November 2023, increasing by 19% against the previous month. Over the period under review, the import price, however, saw a deep slump. The most prominent rate of growth was recorded in August 2023 an increase of 35% month-to-month. Over the period under review, average import prices reached the maximum at $3,420 per ton in February 2023; however, from March 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Colombia ($1,749 per ton), while the price for China amounted to $806 per ton.

From February 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Turkey (-7.9%), while the prices for the other major suppliers experienced a decline.

Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Panama

In 2022, after two years of decline, there was significant decline in overseas purchases of steel alloy wire of materials other than silico-manganese steels, when their volume decreased by -35.4% to 1.8K tons. Overall, imports, however, enjoyed a significant increase.

In value terms, imports of steel alloy wire of materials other than silico-manganese steels dropped significantly to $2.1M in 2022. Over the period under review, imports, however, continue to indicate significant growth.

Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China601N/A1,42498217.8%
Turkey79.1N/A958655102.3%
Dominican RepublicN/AN/A2512593.2%
Costa RicaN/AN/A14074.1-47.1%
Hong Kong SAR1.0N/AN/A34.4225.2%
Others183N/A11773.7-26.2%
Total864N/A2,8892,07834.0%

Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Panama in 2022:

  1. China (1046.8 tons)
  2. Turkey (493.1 tons)
  3. Dominican Republic (175.0 tons)
  4. Costa Rica (61.1 tons)
  5. Hong Kong SAR (27.9 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Steel, alloy; wire, of materials other than high speed or silico-manganese steel - Panama