Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Panama - 2024

Contents:

1. Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Panama (FOB) - 2022
2. Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Panama (CIF) - 2022
3. Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Panama
4. Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Panama

Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Panama (FOB) - 2022

The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $225 per ton in 2022, declining by -24.2% against the previous year. Overall, the export price, however, enjoyed a mild expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 159% against the previous year. As a result, the export price attained the peak level of $297 per ton, and then reduced sharply in the following year.

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 Italy ($419 per ton), while the average price for exports to Germany ($79 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Panama (CIF) - 2022

The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $414 per ton in 2022, standing approx. at the previous year. Over the period under review, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 an increase of 103%. Over the period under review, average import prices attained the maximum at $603 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for Spain amounted to +20.9% per year.

Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Panama

Exports of ferrous waste and scrap; of alloy steel (excluding stainless)s from Panama dropped rapidly to 3.9K tons in 2022, shrinking by -33.8% on the previous year's figure. Overall, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 358% against the previous year. As a result, the exports attained the peak of 5.9K tons, and then reduced remarkably in the following year.

In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s shrank rapidly to $1M in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 610%. As a result, the exports reached the peak of $1.5M, and then dropped dramatically in the following year.

Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Panama in 2022:

1. China (1204.7 tons)
2. India (775.0 tons)
3. Italy (548.2 tons)
4. South Korea (500.0 tons)
5. Thailand (445.5 tons)
6. Germany (97.3 tons)
7. Portugal (94.0 tons)
8. Spain (87.5 tons)
9. Taiwan (Chinese) (61.0 tons)

Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Panama

In 2022, overseas purchases of ferrous waste and scrap; of alloy steel (excluding stainless)s decreased by 0% to 20 tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 362%. As a result, imports attained the peak of 236 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $8.3K in 2022. In general, imports recorded a sharp slump. The pace of growth appeared the most rapid in 2020 when imports increased by 495% against the previous year. As a result, imports reached the peak of $131K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Panama in 2022:

1. Dominican Republic (20.0 tons)

Source: IndexBox Market Intelligence Platform