Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Panama - 2023

Contents:

  1. Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Panama (CIF) - 2023
  2. Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Panama (FOB) - 2022
  3. Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Panama
  4. Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Panama

Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Panama (CIF) - 2023

The average import price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $3,938 per ton in November 2023, remaining stable against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 92% month-to-month. As a result, import price attained the peak level of $5,489 per ton. From April 2023 to November 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($8,496 per ton), while the price for China ($3,337 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 Free Zones (-0.1%), while the prices for the other major suppliers experienced a decline.

Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Panama (FOB) - 2022

The average export price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $2,631 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2020 when the average export price increased by 17%. The export price peaked at $4,915 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Colombia ($4,343 per ton), while the average price for exports to China ($2,508 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 Mexico (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Panama

In 2022, imports of aluminium; alloys, bars, rods and profiles, other than hollows into Panama contracted to 2.5K tons, dropping by -12.9% on the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 65%. As a result, imports attained the peak of 2.8K tons, and then fell in the following year.

In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows stood at $11M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +5.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 98%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Panama (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.32.14.85.029.5%
Costa Rica2.01.02.52.34.8%
El Salvador1.30.30.70.9-11.5%
Spain1.50.91.20.9-15.7%
Slovenia0.50.40.50.66.3%
United States0.20.10.30.20.0%
Others1.30.40.40.7-18.6%
Total9.05.210.410.75.9%

Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Panama in 2022:

  1. China (1523.7 tons)
  2. Costa Rica (452.2 tons)
  3. El Salvador (133.3 tons)
  4. Spain (106.9 tons)
  5. Slovenia (97.1 tons)
  6. United States (39.6 tons)

Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Panama

After two years of decline, overseas shipments of aluminium; alloys, bars, rods and profiles, other than hollows increased by 48,789% to 19 tons in 2022. Over the period under review, exports, however, faced a precipitous setback.

In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows surged to $49K in 2022. In general, exports, however, saw a dramatic curtailment.

Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/AN/AN/A43.40%
Colombia11.06.90.15.3-21.6%
United States21.915.4N/A0.1-83.4%
Dominican Republic29.913.0N/AN/A-56.5%
Suriname6.525.0N/AN/A284.6%
Mexico126N/AN/AN/A0%
Cuba103N/AN/AN/A0%
Others14678.9N/AN/A-46.0%
Total4451390.148.9-52.1%

Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Panama in 2022:

  1. China (17.3 tons)
  2. Colombia (1.2 tons)

Source: IndexBox Market Intelligence Platform

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