Panama - Iron Or Steel Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSteel Stranded Wire Price in Panama - 2023
Contents:
- Steel Stranded Wire Price in Panama (CIF) - 2023
- Steel Stranded Wire Price in Panama (FOB) - 2022
- Steel Stranded Wire Imports in Panama
- Steel Stranded Wire Exports in Panama
Steel Stranded Wire Price in Panama (CIF) - 2023
The average steel stranded wire import price stood at $1,367 per ton in November 2023, waning by -22.4% against the previous month. Overall, the import price showed a mild curtailment. The pace of growth was the most pronounced in June 2023 when the average import price increased by 54% m-o-m. The import price peaked at $2,804 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 South Korea ($18,286 per ton), while the price for China ($826 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 (+0.1%), while the prices for the other major suppliers experienced a decline.
Steel Stranded Wire Price in Panama (FOB) - 2022
In 2022, the average steel stranded wire export price amounted to $2,732 per ton, flattening at the previous year. Over the period under review, the export price showed a pronounced decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices hit record highs at $3,505 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Cuba ($2,878 per ton) and Guatemala ($2,872 per ton), while the average price for exports to Costa Rica ($2,648 per ton) and Venezuela ($2,648 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (-1.2%), while the prices for the other major destinations experienced a decline.
Steel Stranded Wire Imports in Panama
In 2022, after two years of decline, there was significant growth in purchases abroad of iron or steel stranded wire, ropes and cables, when their volume increased by 91% to 4.7K tons. Overall, imports, however, faced a sharp decline.
In value terms, steel stranded wire imports skyrocketed to $10M in 2022. Over the period under review, imports, however, showed a deep slump.
Import of Steel Stranded Wire in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7,523 | 3,262 | 2,028 | 4,669 | -14.7% |
Free Zones | 1,630 | 1,165 | 1,363 | 2,157 | 9.8% |
Germany | 172 | 28.4 | 100 | 704 | 60.0% |
Portugal | N/A | 48.6 | 87.7 | 488 | 216.9% |
United States | 709 | 533 | 243 | 385 | -18.4% |
Turkey | 38.2 | N/A | 366 | 345 | 108.3% |
South Korea | 535 | 593 | 343 | 222 | -25.4% |
Mexico | 439 | 57.3 | 39.6 | 186 | -24.9% |
Brazil | 367 | 67.8 | 52.9 | 68.3 | -42.9% |
Others | 1,335 | 789 | 1,016 | 786 | -16.2% |
Total | 12,749 | 6,544 | 5,639 | 10,012 | -7.7% |
Top Suppliers of Steel Stranded Wire to Panama in 2022:
- China (3477.6 tons)
- Free Zones (389.2 tons)
- Portugal (154.8 tons)
- Turkey (140.9 tons)
- Germany (118.7 tons)
- Mexico (60.2 tons)
- South Korea (52.1 tons)
- Brazil (39.3 tons)
- United States (38.6 tons)
Steel Stranded Wire Exports in Panama
In 2022, the amount of iron or steel stranded wire, ropes and cables exported from Panama totaled 248 tons, approximately mirroring 2021 figures. Over the period under review, exports saw a sharp curtailment. The smallest decline of -13.3% was in 2020.
In value terms, steel stranded wire exports totaled $679K in 2022. In general, exports recorded a precipitous contraction. The smallest decline of -14.6% was in 2020.
Export of Steel Stranded Wire in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Costa Rica | 316 | 387 | N/A | 163 | -19.8% |
United States | 16.7 | 110 | N/A | 46.3 | 40.5% |
Nicaragua | 62.3 | 102 | N/A | 43.2 | -11.5% |
Honduras | 115 | 79.6 | N/A | 37.6 | -31.1% |
Venezuela | 41.9 | 76.7 | N/A | 32.4 | -8.2% |
Dominican Republic | 129 | 12.2 | N/A | 26.9 | -40.7% |
El Salvador | 74.8 | 26.8 | N/A | 20.8 | -34.7% |
Others | 834 | 563 | N/A | 308 | -28.3% |
Total | 1,590 | 1,357 | N/A | 679 | -24.7% |
Top Export Markets for Steel Stranded Wire from Panama in 2022:
- Costa Rica (61.7 tons)
- United States (17.5 tons)
- Nicaragua (16.3 tons)
- Honduras (14.1 tons)
- Venezuela (12.2 tons)
- Dominican Republic (10.0 tons)
- El Salvador (7.6 tons)
This report provides an in-depth analysis of the steel stranded wire market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the steel stranded wire market in Panama.
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This report provides an in-depth analysis of the steel stranded wire market in Panama.
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This report provides an in-depth analysis of the global steel stranded wire market.
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...