Price for Copper Tube or Pipe Fitting in Panama - 2024
Contents:
- Price for Copper Tube or Pipe Fitting in Panama (CIF) - 2022
- Price for Copper Tube or Pipe Fitting in Panama (FOB) - 2022
- Imports of Copper Tube or Pipe Fitting in Panama
- Exports of Copper Tube or Pipe Fitting in Panama
Price for Copper Tube or Pipe Fitting in Panama (CIF) - 2022
In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $10,880 per ton, shrinking by -26.6% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper tube or pipe fitting import price increased by +22.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 67% against the previous year. As a result, import price reached the peak level of $14,827 per ton, and then reduced remarkably in the following year.
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 Free Zones ($27,235 per ton), while the price for China ($5,109 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Tube or Pipe Fitting in Panama (FOB) - 2022
In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $16,011 per ton, jumping by 44% against the previous year. Overall, the export price enjoyed a notable expansion. The pace of growth appeared the most rapid in 2021 an increase of 102%. Over the period under review, the average export prices attained the peak figure at $20,027 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Suriname ($29,614 per ton), while the average price for exports to Costa Rica ($5,727 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 Belize (+37.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Tube or Pipe Fitting in Panama
Copper tube or pipe fitting imports into Panama skyrocketed to 85 tons in 2022, rising by 125% on the previous year's figure. In general, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, copper tube or pipe fitting imports soared to $930K in 2022. Over the period under review, imports saw a strong expansion. The growth pace was the most rapid in 2021 with an increase of 169% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Copper Tube or Pipe Fitting in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 3.8 | N/A | 73.6 | 461 | 395.0% |
| United States | 346 | 59.0 | 186 | 194 | -17.5% |
| Free Zones | 11.0 | 12.5 | 86.0 | 84.6 | 97.4% |
| China | 139 | 92.3 | 11.3 | 70.3 | -20.3% |
| Italy | 193 | 25.2 | 158 | 68.1 | -29.3% |
| Hong Kong SAR | N/A | 1.0 | 28.8 | 45.7 | 576.0% |
| Others | 13.5 | 19.1 | 19.4 | 5.9 | -24.1% |
| Total | 707 | 209 | 563 | 930 | 9.6% |
Top Suppliers of Copper Tube or Pipe Fitting to Panama in 2022:
- Mexico (40.6 tons)
- United States (16.6 tons)
- China (13.8 tons)
- Italy (6.5 tons)
- Hong Kong SAR (4.6 tons)
- Free Zones (3.1 tons)
Exports of Copper Tube or Pipe Fitting in Panama
In 2022, approx. 3 tons of tube or pipe fittings, couplings, elbows, sleeves of refined copper were exported from Panama; reducing by -8.8% against the previous year's figure. Over the period under review, exports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 83% against the previous year.
In value terms, copper tube or pipe fitting exports soared to $48K in 2022. In general, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 271%.
| Export of Copper Tube or Pipe Fitting in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Suriname | N/A | N/A | N/A | 23.3 | 0% |
| Trinidad and Tobago | N/A | N/A | N/A | 15.0 | 0% |
| Guatemala | 43.1 | 0.3 | 0.7 | 4.0 | -54.7% |
| Belize | 3.1 | 2.5 | N/A | 3.1 | 0.0% |
| El Salvador | N/A | N/A | 0.2 | 1.4 | 600.0% |
| Costa Rica | 5.1 | N/A | N/A | 0.6 | -51.0% |
| Barbados | N/A | N/A | 34.8 | N/A | 0% |
| Aruba | 6.0 | 0.3 | 0.6 | N/A | -68.4% |
| Guyana | 3.0 | 1.1 | N/A | N/A | -63.3% |
| Others | 6.2 | 5.6 | N/A | N/A | -9.7% |
| Total | 66.4 | 9.8 | 36.3 | 47.5 | -10.6% |
Top Export Markets for Copper Tube or Pipe Fitting from Panama in 2022:
- Trinidad and Tobago (1496.0 kg)
- Suriname (788.0 kg)
- Guatemala (254.0 kg)
- El Salvador (151.0 kg)
- Belize (145.0 kg)
- Costa Rica (110.0 kg)
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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.
