Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Panama - 2024
Contents:
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Panama (CIF) - 2024
- Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Panama (FOB) - 2022
- Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Panama
- Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Panama
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Panama (CIF) - 2024
In November 2023, the average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $15,743 per ton, with an increase of 43% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 46% month-to-month. The import price peaked at $17,679 per ton in April 2023; however, from May 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($42,429 per ton), while the price for China ($9,069 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 (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Panama (FOB) - 2022
In 2022, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $13,983 per ton, increasing by 16% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s increased by +32.8% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 30%. 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 Guatemala ($42,570 per ton), while the average price for exports to Belize ($1,795 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 Cuba (+47.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Panama
In 2022, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s into Panama soared to 176 tons, with an increase of 24% against the previous year. In general, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year.
In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s skyrocketed to $2.3M in 2022. Over the period under review, imports, however, recorded a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by 87%.
| Import of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 875 | 301 | 726 | 792 | -3.3% |
| China | 936 | 279 | 295 | 498 | -19.0% |
| Mexico | 66.0 | 20.4 | 103 | 491 | 95.2% |
| Free Zones | 182 | 124 | 230 | 173 | -1.7% |
| Italy | 224 | 58.4 | 207 | 125 | -17.7% |
| Taiwan (Chinese) | 93.1 | 48.8 | 64.4 | 86.7 | -2.3% |
| Hong Kong SAR | 2.0 | 1.0 | 30.9 | 47.5 | 187.4% |
| Others | 163 | 96.5 | 85.3 | 101 | -14.7% |
| Total | 2,540 | 929 | 1,741 | 2,313 | -3.1% |
Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Panama in 2022:
- China (55.1 tons)
- United States (47.9 tons)
- Mexico (42.1 tons)
- Free Zones (9.2 tons)
- Italy (8.9 tons)
- Taiwan (Chinese) (5.7 tons)
- Hong Kong SAR (3.4 tons)
Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Panama
In 2022, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s from Panama contracted dramatically to 13 tons, declining by -58.4% on 2021. Overall, exports saw a sharp descent. The growth pace was the most rapid in 2021 when exports increased by 54% against the previous year.
In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s fell markedly to $181K in 2022. In general, exports faced a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 100%. As a result, the exports attained the peak of $375K, and then fell sharply in the following year.
| Export of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guyana | 3.3 | 1.1 | N/A | 42.8 | 135.0% |
| Chile | 9.0 | 34.8 | 10.4 | 27.5 | 45.1% |
| Costa Rica | 34.3 | 15.2 | 56.4 | 27.3 | -7.3% |
| Suriname | N/A | N/A | N/A | 23.3 | 0% |
| Trinidad and Tobago | 3.3 | 0.2 | 1.0 | 17.1 | 73.0% |
| Jamaica | 1.6 | 0.3 | 4.3 | 11.3 | 91.9% |
| Belize | 8.7 | 4.7 | 1.2 | 4.2 | -21.6% |
| Guatemala | 243 | 118 | 223 | 4.0 | -74.6% |
| Barbados | 0.1 | 0.1 | 34.8 | N/A | 1765.5% |
| Others | 47.1 | 12.8 | 43.9 | 24.0 | -20.1% |
| Total | 350 | 187 | 375 | 181 | -19.7% |
Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Panama in 2022:
- Guyana (3.1 tons)
- Belize (2.3 tons)
- Jamaica (1.5 tons)
- Trinidad and Tobago (1.5 tons)
- Chile (1.4 tons)
- Costa Rica (1.2 tons)
- Suriname (0.7 tons)
- Guatemala (0.1 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.
