Price for Aluminium; Tubes and Pipes in Panama - 2023
Contents:
- Price for Aluminium; Tubes and Pipes in Panama (CIF) - 2022
- Price for Aluminium; Tubes and Pipes in Panama (FOB) - 2022
- Imports of Aluminium; Tubes and Pipes in Panama
- Exports of Aluminium; Tubes and Pipes in Panama
Price for Aluminium; Tubes and Pipes in Panama (CIF) - 2022
In 2022, the average aluminium; tubes and pipes import price amounted to $6,331 per ton, picking up by 6.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 29% against the previous year. The import price peaked at $6,646 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Spain ($13,005 per ton), while the price for Peru ($2,158 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Tubes and Pipes in Panama (FOB) - 2022
In 2022, the average aluminium; tubes and pipes export price amounted to $1,441 per ton, dropping by -72.7% against the previous year. Overall, the export price saw a abrupt decrease. The growth pace was the most rapid in 2020 when the average export price increased by 166%. As a result, the export price reached the peak level of $10,118 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Honduras.
From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +9.8% per year.
Imports of Aluminium; Tubes and Pipes in Panama
In 2022, purchases abroad of aluminium; tubes and pipeses was finally on the rise to reach 169 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, aluminium; tubes and pipes imports surged to $1.1M in 2022. In general, imports continue to indicate notable growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Aluminium; Tubes and Pipes in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 124 | 221 | 60.5 | 473 | 56.2% |
| Mexico | 52.9 | 92.6 | 27.5 | 210 | 58.3% |
| Free Zones | 57.5 | 40.7 | 104 | 104 | 21.8% |
| United States | 203 | 53.5 | 67.9 | 96.3 | -22.0% |
| Spain | 49.9 | 33.6 | 95.0 | 64.9 | 9.2% |
| Slovenia | 54.7 | 34.6 | 62.3 | 31.4 | -16.9% |
| Peru | 8.6 | N/A | N/A | 13.0 | 14.8% |
| Ecuador | 163 | N/A | 10.3 | N/A | -74.9% |
| Others | 282 | 29.0 | 25.6 | 77.8 | -34.9% |
| Total | 995 | 505 | 454 | 1,071 | 2.5% |
Top Suppliers of Aluminium; Tubes and Pipes to Panama in 2022:
- China (83.1 tons)
- Mexico (31.9 tons)
- Free Zones (18.3 tons)
- United States (10.8 tons)
- Peru (6.0 tons)
- Spain (5.0 tons)
- Slovenia (4.1 tons)
Exports of Aluminium; Tubes and Pipes in Panama
In 2022, overseas shipments of aluminium; tubes and pipeses decreased by -93.4% to 905 kg, falling for the second year in a row after two years of growth. Overall, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2020 when exports increased by 51% against the previous year. As a result, the exports reached the peak of 18 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, aluminium; tubes and pipes exports declined rapidly to $1.3K in 2022. In general, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 301% against the previous year. As a result, the exports attained the peak of $186K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Aluminium; Tubes and Pipes in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | N/A | N/A | N/A | 1.3 | 0% |
| Ecuador | N/A | 122 | 0.7 | N/A | -99.4% |
| Colombia | 29.4 | N/A | N/A | N/A | 0% |
| Slovakia | N/A | 3.9 | N/A | N/A | 0% |
| Guatemala | 13.0 | 38.4 | 64.8 | N/A | 123.3% |
| Costa Rica | 1.2 | 17.2 | 3.4 | N/A | 68.3% |
| Saint Lucia | 2.3 | N/A | N/A | N/A | 0% |
| Jamaica | 0.1 | N/A | 2.7 | N/A | 419.6% |
| Others | 0.3 | 4.8 | 0.8 | N/A | 63.3% |
| Total | 46.3 | 186 | 72.3 | 1.3 | -69.6% |
Top Export Markets for Aluminium; Tubes and Pipes from Panama in 2022:
- Honduras (905.0 kg)
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