Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Panama - 2024

Contents:

1. Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Panama (CIF) - 2024
2. Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Panama (FOB) - 2022
3. Imports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Panama
4. Exports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Panama

Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Panama (CIF) - 2024

In November 2023, the average import price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds amounted to $3,551 per ton, picking up by 22% against the previous month. Over the period under review, the import price posted a tangible increase. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 76% m-o-m. Over the period under review, average import prices hit record highs at $7,806 per ton in May 2023; however, from June 2023 to November 2023, import prices remained at a 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 Free Zones ($7,235 per ton), while the price for China amounted to $3,211 per ton.

From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Free Zones (+18.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Panama (FOB) - 2022

The average export price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds stood at $3,189 per ton in 2022, jumping by 16% against the previous year. In general, the export price, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2018 an increase of 338% against the previous year. As a result, the export price attained the peak level of $19,516 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($19,366 per ton), while the average price for exports to Belize ($653 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 Guatemala (+9.1%), while the prices for the other major destinations experienced a decline.

Imports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Panama

Imports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds into Panama reached 955 tons in 2022, picking up by 9% against 2021. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds expanded sharply to $4.6M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.

Top Suppliers of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled to Panama in 2022:

1. China (811.4 tons)
2. Canada (58.0 tons)
3. United States (38.9 tons)
4. Free Zones (34.7 tons)

Exports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Panama

After three years of growth, overseas shipments of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds decreased by -15.8% to 7.6 tons in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 48% against the previous year.

In value terms, exports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds dropped modestly to $24K in 2022. In general, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 99%. As a result, the exports reached the peak of $40K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled from Panama in 2022:

1. Costa Rica (3.4 tons)
2. Belize (1.7 tons)
3. Guyana (1.2 tons)
4. Barbados (0.7 tons)
5. Jamaica (0.3 tons)
6. Trinidad and Tobago (0.1 tons)

Source: IndexBox Market Intelligence Platform