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Panama - Hot-Rolled Wire Rod In Coil Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Wire Stainless Steel Rod in Panama - 2022
Contents:
- Price for Hot-Rolled Wire Stainless Steel Rod in Panama (CIF) - 2022
- Price for Hot-Rolled Wire Stainless Steel Rod in Panama (FOB) - 2022
- Imports of Hot-Rolled Wire Stainless Steel Rod in Panama
- Exports of Hot-Rolled Wire Stainless Steel Rod in Panama
Price for Hot-Rolled Wire Stainless Steel Rod in Panama (CIF) - 2022
In 2022, the average import price for hot-rolled wire rod in coil of stainless steel amounted to $4,381 per ton, shrinking by -6.8% against the previous year. Overall, the import price, however, saw a temperate increase. The most prominent rate of growth was recorded in 2014 an increase of 81%. As a result, import price attained the peak level of $7,323 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
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 the United States ($17,508 per ton), while the price for Hong Kong SAR ($1,209 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Wire Stainless Steel Rod in Panama (FOB) - 2022
The average export price for hot-rolled wire rod in coil of stainless steel stood at $3,143 per ton in 2022, remaining stable against the previous year. In general, the export price posted buoyant growth. The pace of growth appeared the most rapid in 2015 an increase of 191%. The export price peaked at $7,136 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($54,086 per ton), while the average price for exports to the Dominican Republic ($2,005 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 Honduras (+194.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled Wire Stainless Steel Rod in Panama
In 2022, purchases abroad of hot-rolled wire rod in coil of stainless steel decreased by -25.1% to 15 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 100% against the previous year. As a result, imports reached the peak of 20 tons, and then reduced notably in the following year.
In value terms, hot-rolled wire stainless steel rod imports contracted notably to $67K in 2022. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 152% against the previous year. As a result, imports reached the peak of $95K, and then shrank markedly in the following year.
Import of Hot-Rolled Wire Stainless Steel Rod in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 6.5 | 14.8 | 50.6 | 33.6 | 72.9% |
Taiwan (Chinese) | 10.9 | 16.4 | 32.8 | 25.2 | 32.2% |
United States | 4.2 | 5.5 | 9.6 | 6.4 | 15.1% |
Hong Kong SAR | 0.8 | 0.9 | 1.3 | 0.7 | -4.4% |
Others | 1.4 | 0.3 | 1.1 | 0.8 | -17.0% |
Total | 23.9 | 37.9 | 95.4 | 66.6 | 40.7% |
Top Suppliers of Hot-Rolled Wire Stainless Steel Rod to Panama in 2022:
- China (10.6 tons)
- Taiwan (Chinese) (3.5 tons)
- Hong Kong SAR (0.6 tons)
- United States (0.4 tons)
Exports of Hot-Rolled Wire Stainless Steel Rod in Panama
In 2022, after three years of growth, there was significant decline in shipments abroad of hot-rolled wire rod in coil of stainless steel, when their volume decreased by -8.3% to 4.5 tons. The total export volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of 4.9 tons, and then shrank in the following year.
In value terms, hot-rolled wire stainless steel rod exports declined to $14K in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 20%. As a result, the exports reached the peak of $16K, and then dropped in the following year.
Export of Hot-Rolled Wire Stainless Steel Rod in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Costa Rica | 5.1 | 5.8 | 6.5 | 5.6 | 3.2% |
Dominican Republic | 4.0 | 4.9 | 6.0 | 5.5 | 11.2% |
Venezuela | 1.6 | 2.2 | 3.0 | 3.1 | 24.7% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 10.8 | 13.0 | 15.6 | 14.3 | 9.8% |
Top Export Markets for Hot-Rolled Wire Stainless Steel Rod from Panama in 2022:
- Dominican Republic (2.8 tons)
- Costa Rica (1.7 tons)
- Venezuela (0.1 tons)
This report provides an in-depth analysis of the market for hot-rolled wire stainless steel rod 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 24106300 - Hot-rolled wire rod in coil, 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
This report provides an in-depth analysis of the market for hot-rolled wire stainless steel rod in Panama.
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in Panama.
This report provides an in-depth analysis of the market for hot-rolled wire rod in coils in Panama.
This report provides an in-depth analysis of the global market for hot-rolled wire stainless steel rod.
This report provides an in-depth analysis of the global market for hot-rolled steel bar and rod.
This report provides an in-depth analysis of the global market for hot-rolled wire rod in coils.
This report provides an in-depth analysis of the market for hot-rolled wire stainless steel rod in Panama.
This report provides an in-depth analysis of the global market for hot-rolled wire stainless steel rod.
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