Panama - Forged Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Forged Stainless Steel Bar in Panama - 2023
Contents:
- Price for Forged Stainless Steel Bar in Panama (CIF) - 2022
- Price for Forged Stainless Steel Bar in Panama (FOB) - 2022
- Imports of Forged Stainless Steel Bar in Panama
- Exports of Forged Stainless Steel Bar in Panama
Price for Forged Stainless Steel Bar in Panama (CIF) - 2022
The average forged stainless steel bar import price stood at $6,430 per ton in 2022, falling by -11.8% against the previous year. In general, the import price, however, showed a tangible increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 57%. As a result, import price attained the peak level of $7,287 per ton, and then declined 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 ($61,222 per ton), while the price for China ($2,699 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 (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Forged Stainless Steel Bar in Panama (FOB) - 2022
In 2022, the average forged stainless steel bar export price amounted to $4,251 per ton, flattening at the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 35%. As a result, the export price reached the peak level of $6,453 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($27,600 per ton), while the average price for exports to Costa Rica ($588 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 Colombia (+33.3%), while the prices for the other major destinations experienced a decline.
Imports of Forged Stainless Steel Bar in Panama
In 2022, forged stainless steel bar imports into Panama soared to 5.4 tons, picking up by 437% against 2021. Over the period under review, imports, however, saw a dramatic curtailment.
In value terms, forged stainless steel bar imports soared to $34K in 2022. Overall, imports, however, showed a precipitous setback.
Import of Forged Stainless Steel Bar in Panama (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Colombia | 1.1 | 1.5 | 0.1 | 10.5 | 112.1% |
China | 15.6 | 7.2 | 0.3 | 10.3 | -12.9% |
Free Zones | 2.2 | 2.4 | 0.1 | 9.7 | 64.0% |
United States | 2.7 | 5.8 | N/A | 2.4 | -3.9% |
Italy | 2.9 | 1.9 | 0.1 | 1.5 | -19.7% |
Spain | 59.3 | 77.4 | 5.5 | N/A | -69.5% |
Costa Rica | 2.3 | 2.3 | 0.4 | N/A | -58.3% |
Taiwan (Chinese) | 0.4 | 12.5 | 0.4 | N/A | 0.0% |
Others | 3.0 | 6.2 | 0.3 | 0.2 | -59.5% |
Total | 89.6 | 117 | 7.3 | 34.5 | -27.2% |
Top Suppliers of Forged Stainless Steel Bar to Panama in 2022:
- China (3808.0 kg)
- Colombia (959.0 kg)
- Italy (220.0 kg)
- United States (205.0 kg)
- Free Zones (158.0 kg)
Exports of Forged Stainless Steel Bar in Panama
In 2022, overseas shipments of forged bars of stainless steel decreased by 0% to 283 kg, falling for the second year in a row after two years of growth. Over the period under review, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 5%. As a result, the exports reached the peak of 571 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, forged stainless steel bar exports amounted to $1.2K in 2022. In general, exports showed a dramatic downturn. The smallest decline of -19.8% was in 2020.
Export of Forged Stainless Steel Bar in Panama (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Trinidad and Tobago | 1,864 | 1,570 | N/A | 847 | -23.1% |
Colombia | 433 | 324 | N/A | 138 | -31.7% |
Dominican Republic | 245 | 206 | N/A | 111 | -23.2% |
Guatemala | 65.0 | 54.0 | N/A | 29.0 | -23.6% |
Aruba | 63.0 | 53.0 | N/A | 29.0 | -22.8% |
Venezuela | 173 | 100 | N/A | 25.0 | -47.5% |
Costa Rica | 58.0 | 36.0 | N/A | 10.0 | -44.3% |
Others | 100 | 65.0 | N/A | 14.0 | -48.1% |
Total | 3,001 | 2,408 | N/A | 1,203 | -26.3% |
Top Export Markets for Forged Stainless Steel Bar from Panama in 2022:
- Trinidad and Tobago (221.0 kg)
- Costa Rica (17.0 kg)
- Dominican Republic (16.0 kg)
- Venezuela (11.0 kg)
- Aruba (7.0 kg)
- Guatemala (5.0 kg)
- Colombia (5.0 kg)
This report provides an in-depth analysis of the market for forged stainless steel bar in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106450 - Forged bars, of stainless steel
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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