Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Panama - 2023

Contents:

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

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Panama (FOB) - 2022

The average export price for ferrous waste and scrap; of tinned iron or steels stood at $237 per ton in 2022, increasing by 5.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 28%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($455 per ton), while the average price for exports to Hong Kong SAR ($180 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 Ecuador (+85.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Panama (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $783 per ton, growing by 20% against the previous year. Over the period under review, the import price posted a buoyant expansion. The pace of growth was the most pronounced in 2013 an increase of 116% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Nicaragua amounted to +779.6% per year.

Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Panama

In 2022, exports of ferrous waste and scrap; of tinned iron or steels from Panama stood at 8.5K tons, flattening at the year before. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 475%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of ferrous waste and scrap; of tinned iron or steels expanded significantly to $2M in 2022. In general, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 541% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Panama in 2022:

1. Taiwan (Chinese) (4.9K tons)
2. Thailand (1.5K tons)
3. Hong Kong SAR (0.6K tons)
4. Vietnam (0.5K tons)
5. China (0.5K tons)
6. Chile (0.3K tons)

Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Panama

In 2022, imports of ferrous waste and scrap; of tinned iron or steels into Panama dropped dramatically to 5.8 tons, waning by -97.1% against the year before. Over the period under review, imports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 101%.

In value terms, imports of ferrous waste and scrap; of tinned iron or steels fell markedly to $4.5K in 2022. Overall, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 249%.

Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Panama in 2022:

1. United States (5.8 tons)

Source: IndexBox Market Intelligence Platform