Price for Copper Alloy Tube or Pipe Fitting in Panama - 2024
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Panama (CIF) - 2024
- Price for Copper Alloy Tube or Pipe Fitting in Panama (FOB) - 2022
- Imports of Copper Alloy Tube or Pipe Fitting in Panama
- Exports of Copper Alloy Tube or Pipe Fitting in Panama
Price for Copper Alloy Tube or Pipe Fitting in Panama (CIF) - 2024
In November 2023, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $14,881 per ton, surging by 33% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 83% against the previous month. As a result, import price attained the peak level of $17,468 per ton. From October 2023 to November 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Mexico ($42,429 per ton), while the price for China ($9,151 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Mexico (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in Panama (FOB) - 2022
The average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys stood at $13,133 per ton in 2022, rising by 4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2021 when the average export price increased by 30% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($24,695 per ton), while the average price for exports to Belize ($1,563 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 Ecuador (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in Panama
In 2022, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into Panama declined to 91 tons, with a decrease of -11.9% against the year before. In general, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 54%.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys surged to $1.4M in 2022. Over the period under review, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 64% against the previous year.
| Import of Copper Alloy Tube or Pipe Fitting in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 529 | 242 | 540 | 598 | 4.2% |
| China | 796 | 186 | 284 | 427 | -18.7% |
| Free Zones | 171 | 111 | 144 | 88.0 | -19.9% |
| Taiwan (Chinese) | 92.9 | 48.8 | 63.1 | 86.4 | -2.4% |
| Italy | 30.8 | 33.2 | 48.8 | 56.9 | 22.7% |
| Mexico | 62.2 | 20.4 | 29.4 | 29.5 | -22.0% |
| Others | 151 | 77.4 | 69.2 | 96.8 | -13.8% |
| Total | 1,834 | 720 | 1,178 | 1,383 | -9.0% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Panama in 2022:
- China (40.4 tons)
- United States (30.7 tons)
- Free Zones (5.9 tons)
- Taiwan (Chinese) (5.5 tons)
- Italy (4.3 tons)
- Mexico (1.4 tons)
Exports of Copper Alloy Tube or Pipe Fitting in Panama
In 2022, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys from Panama contracted rapidly to 10 tons, waning by -62.3% compared with the previous year's figure. In general, exports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. As a result, the exports reached the peak of 27 tons, and then fell notably in the following year.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys fell notably to $134K in 2022. Over the period under review, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 91% against the previous year. As a result, the exports attained the peak of $339K, and then fell rapidly in the following year.
| Export of Copper Alloy Tube or Pipe Fitting in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guyana | 0.3 | N/A | N/A | 42.8 | 422.5% |
| Chile | 9.0 | 34.8 | 10.4 | 27.5 | 45.1% |
| Costa Rica | 29.2 | 15.2 | 56.4 | 26.6 | -3.1% |
| Dominican Republic | 13.5 | 0.3 | 7.1 | 11.7 | -4.7% |
| Jamaica | 1.5 | 0.3 | 4.3 | 11.2 | 95.5% |
| Ecuador | 3.2 | N/A | 3.2 | 6.1 | 24.0% |
| Belize | 5.7 | 2.2 | 1.2 | 1.1 | -42.2% |
| Guatemala | 200 | 118 | 223 | N/A | 5.6% |
| Others | 21.7 | 7.0 | 33.8 | 6.7 | -32.4% |
| Total | 284 | 178 | 339 | 134 | -22.1% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Panama in 2022:
- Guyana (3.6 tons)
- Jamaica (1.7 tons)
- Chile (1.6 tons)
- Costa Rica (1.3 tons)
- Belize (0.7 tons)
- Dominican Republic (0.6 tons)
- Ecuador (0.2 tons)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Panama.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
