Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Panama - 2023
Contents:
- Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Panama (CIF) - 2023
- Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Panama (FOB) - 2022
- Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Panama
- Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Panama
Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Panama (CIF) - 2023
The average import price for tubing; flexible, with or without fittings, of base metals stood at $4,283 per ton in November 2023, falling by -57.1% against the previous month. In general, the import price saw a abrupt decline. The most prominent rate of growth was recorded in October 2023 an increase of 75% against the previous month. The import price peaked at $17,949 per ton in April 2023; however, from May 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Free Zones ($23,336 per ton), while the price for China ($2,794 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Korea (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Panama (FOB) - 2022
The average export price for tubing; flexible, with or without fittings, of base metals stood at $16,428 per ton in 2022, jumping by 98% against the previous year. Over the period under review, the export price posted a resilient expansion. The growth pace was the most rapid in 2020 an increase of 187%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($38,886 per ton), while the average price for exports to Belize ($7,783 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 Venezuela (+57.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Panama
In 2022, approx. 202 tons of tubing; flexible, with or without fittings, of base metals were imported into Panama; jumping by 55% on 2021. In general, imports showed measured growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tubing; flexible, with or without fittings, of base metals skyrocketed to $1.8M in 2022. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tubing; Flexible, with or Without Fittings, of Base Metal in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 53.4 | 110 | 94.1 | 574 | 120.7% |
| United States | 215 | 148 | 312 | 380 | 20.9% |
| China | 408 | 214 | 121 | 259 | -14.1% |
| Colombia | 72.9 | 48.3 | 151 | 192 | 38.1% |
| Free Zones | 64.0 | 40.7 | 82.9 | 114 | 21.2% |
| Turkey | 5.4 | 11.7 | N/A | 51.3 | 111.8% |
| Serbia | N/A | N/A | N/A | 23.8 | 0% |
| South Korea | 55.3 | 19.0 | 89.2 | 17.1 | -32.4% |
| Others | 66.5 | 79.1 | 51.8 | 148 | 30.6% |
| Total | 940 | 671 | 903 | 1,759 | 23.2% |
Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Panama in 2022:
- Mexico (58.6 tons)
- Colombia (57.1 tons)
- China (39.7 tons)
- United States (22.9 tons)
- Free Zones (7.7 tons)
- Serbia (4.1 tons)
- Turkey (3.9 tons)
- South Korea (0.7 tons)
Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Panama
In 2022, exports of tubing; flexible, with or without fittings, of base metals from Panama plummeted to 825 kg, waning by -90.3% compared with the previous year. Over the period under review, exports continue to indicate a significant contraction. The growth pace was the most rapid in 2021 when exports increased by 263% against the previous year. As a result, the exports reached the peak of 8.5 tons, and then fell significantly in the following year.
In value terms, exports of tubing; flexible, with or without fittings, of base metals dropped remarkably to $14K in 2022. In general, exports recorded a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 132%.
| Export of Tubing; Flexible, with or Without Fittings, of Base Metal in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 3.4 | 3.6 | 48.6 | 6.0 | 20.8% |
| Chile | 0.7 | 4.0 | 2.8 | 2.0 | 41.9% |
| Guatemala | 8.0 | 4.7 | 1.1 | 1.4 | -44.1% |
| Colombia | N/A | N/A | N/A | 1.1 | 0% |
| Jamaica | 1.3 | N/A | 7.9 | 0.9 | -11.5% |
| Trinidad and Tobago | 1.2 | 3.3 | 3.9 | 0.9 | -9.1% |
| Belize | N/A | N/A | N/A | 0.2 | 0% |
| Ecuador | N/A | 1.2 | 0.2 | N/A | -83.3% |
| Guyana | 1.4 | N/A | 0.5 | N/A | -40.2% |
| Others | 0.4 | 21.0 | 5.2 | 1.1 | 40.1% |
| Total | 16.3 | 37.8 | 70.2 | 13.6 | -5.9% |
Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Panama in 2022:
- Costa Rica (354.0 kg)
- Chile (114.0 kg)
- Jamaica (105.0 kg)
- Trinidad and Tobago (96.0 kg)
- Colombia (84.0 kg)
- Guatemala (35.0 kg)
- Belize (23.0 kg)
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This report provides an in-depth analysis of the market for base metal flexible tubing in Panama.
126
This report provides an in-depth analysis of the metal flexible tubing market in Panama.
370
This report provides an in-depth analysis of the global market for base metal flexible tubing.
405
This report provides an in-depth analysis of the global metal flexible tubing market.
100
This report provides an in-depth analysis of the market for base metal flexible tubing in Panama.
126
This report provides an in-depth analysis of the metal flexible tubing market in Panama.
370
This report provides an in-depth analysis of the global market for base metal flexible tubing.
405
This report provides an in-depth analysis of the global metal flexible tubing market.
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