Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Panama - 2024
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Panama (CIF) - 2024
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 601 | N/A | 1,424 | 982 | 17.8% |
Turkey | 79.1 | N/A | 958 | 655 | 102.3% |
Dominican Republic | N/A | N/A | 251 | 259 | 3.2% |
Costa Rica | N/A | N/A | 140 | 74.1 | -47.1% |
Hong Kong SAR | 1.0 | N/A | N/A | 34.4 | 225.2% |
Others | 183 | N/A | 117 | 73.7 | -26.2% |
Total | 864 | N/A | 2,889 | 2,078 | 34.0% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Panama in 2022:
- China (1046.8 tons)
- Turkey (493.1 tons)
- Dominican Republic (175.0 tons)
- Costa Rica (61.1 tons)
- Hong Kong SAR (27.9 tons)
This report provides an in-depth analysis of the market for iron and steel wire in Panama.
This report provides an in-depth analysis of the global market for iron and steel wire.
This report provides an in-depth analysis of the global market for iron and steel wire.
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