Price for Copper; Refined, Unwrought, Wire-Bars in Panama - 2022

Contents:

1. Price for Copper; Refined, Unwrought, Wire-Bars in Panama (FOB) - 2022
2. Price for Copper; Refined, Unwrought, Wire-Bars in Panama (CIF) - 2022
3. Exports of Copper; Refined, Unwrought, Wire-Bars in Panama
4. Imports of Copper; Refined, Unwrought, Wire-Bars in Panama

Price for Copper; Refined, Unwrought, Wire-Bars in Panama (FOB) - 2022

The average copper; refined, unwrought, wire-bars export price stood at $2,292 per ton in 2022, shrinking by -12.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 when the average export price decreased by -4% against the previous year. The export price peaked at $16,615 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Venezuela.

From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to -9.8% per year.

Price for Copper; Refined, Unwrought, Wire-Bars in Panama (CIF) - 2022

In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $6,003 per ton, shrinking by -3.8% against the previous year. Over the period under review, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 7.5% against the previous year. Over the period under review, average import prices reached the peak figure at $8,325 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -3.2% per year.

Exports of Copper; Refined, Unwrought, Wire-Bars in Panama

For the fourth consecutive year, Panama recorded growth in shipments abroad of copper; refined, unwrought, wire-barses, which increased by 20% to 25 tons in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, copper; refined, unwrought, wire-bars exports rose notably to $57K in 2022. The total export value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 5.2%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Copper; Refined, Unwrought, Wire-Bars from Panama in 2022:

1. Venezuela (25.0 tons)

Imports of Copper; Refined, Unwrought, Wire-Bars in Panama

Copper; refined, unwrought, wire-bars imports into Panama rose significantly to 1.6 tons in 2022, increasing by 5.4% against 2021. Overall, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 5.5%.

In value terms, copper; refined, unwrought, wire-bars imports reached $9.4K in 2022. In general, imports, however, recorded a abrupt decline.

Top Suppliers of Copper; Refined, Unwrought, Wire-Bars to Panama in 2022:

1. United States (1.6 tons)

Source: IndexBox Market Intelligence Platform