Report Update Apr 1, 2024

Panama - Hot-Rolled Bars in Free-Cutting Steels - Market Analysis, Forecast, Size, Trends and Insights

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Panama: Hot-Rolled Free-Cutting Steel Market 2024

Hot-Rolled Free-Cutting Steel Market Size in Panama

In 2022, after two years of growth, there was significant decline in the Panamanian hot-rolled free-cutting steel market, when its value decreased by X% to $X. Overall, consumption, however, posted a significant expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then plummeted in the following year.

Hot-Rolled Free-Cutting Steel Production in Panama

In value terms, hot-rolled free-cutting steel production stood at $X in 2022 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Hot-Rolled Free-Cutting Steel Exports

Exports from Panama

After two years of growth, shipments abroad of hot-rolled bars in free-cutting steels decreased by X% to X tons in 2019. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018, and then reduced sharply in the following year.

In value terms, hot-rolled free-cutting steel exports reduced notably to $X in 2019. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2018, and then reduced sharply in the following year.

Exports by Country

From 2012 to 2019, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2012 to 2019, the average annual rate of growth in terms of value to No country was relatively modest.

Hot-Rolled Free-Cutting Steel Imports

Imports into Panama

In 2022, the amount of hot-rolled bars in free-cutting steels imported into Panama declined remarkably to X tons, falling by X% on 2021. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, hot-rolled free-cutting steel imports dropped significantly to $X in 2022. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then declined markedly in the following year.

Imports by Country

China (X tons), Brazil (X tons) and Nicaragua (X tons) were the main suppliers of hot-rolled free-cutting steel imports to Panama, together accounting for X% of total imports. Turkey, Costa Rica, the United States, Mexico and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

From 2014 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Brazil ($X) and Nicaragua ($X) constituted the largest hot-rolled free-cutting steel suppliers to Panama, with a combined X% share of total imports. Turkey, Mexico, Taiwan (Chinese), the United States and Costa Rica lagged somewhat behind, together accounting for a further X%.

Costa Rica, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hot-rolled free-cutting steel import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars in free-cutting steels in the world?

The country with the largest volume of hot-rolled free-cutting steel consumption was Thailand, accounting for 30% of total volume. Moreover, hot-rolled free-cutting steel consumption in Thailand exceeded the figures recorded by the second-largest consumer, the UK, twofold. The third position in this ranking was held by Italy, with an 8.9% share.

What are the largest producers of hot-rolled bars in free-cutting steels in the world?

Thailand constituted the country with the largest volume of hot-rolled free-cutting steel production, accounting for 30% of total volume. Moreover, hot-rolled free-cutting steel production in Thailand exceeded the figures recorded by the second-largest producer, the UK, twofold. The third position in this ranking was taken by Japan, with a 7.2% share.

What are the leading suppliers of hot-rolled bars in free-cutting steels to Panama?

In value terms, the largest hot-rolled free-cutting steel suppliers to Panama were China, Brazil and Nicaragua, together accounting for 78% of total imports. Turkey, Mexico, Taiwan Chinese), the United States and Costa Rica lagged somewhat behind, together comprising a further 22%.

What is the average import price for hot-rolled bars in free-cutting steels in Panama?

In 2022, the average hot-rolled free-cutting steel import price amounted to $1,965 per ton, with an increase of 15% against the previous year.

This report provides an in-depth analysis of the hot-rolled free-cutting steel 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 24106230 - Hot-rolled bars in free-cutting steels

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023