Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Panama - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Panama (CIF) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Panama
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Panama (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $1,610 per ton, picking up by 39% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s increased by +30.2% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 45%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($6,606 per ton), while the price for Spain ($541 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+21.7%), while the prices for the other major suppliers experienced a decline.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Panama
For the third consecutive year, Panama recorded decline in purchases abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, which decreased by -11.6% to 3.7 tons in 2022. Over the period under review, imports saw a precipitous slump.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s skyrocketed to $5.9K in 2022. In general, imports showed a precipitous slump.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 7.4 | 5.0 | 1.7 | 2.9 | -26.8% |
| United States | 11.7 | 11.6 | 2.3 | 1.7 | -47.4% |
| Spain | 3.8 | 2.6 | 0.9 | 1.4 | -28.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 22.8 | 19.1 | 4.8 | 5.9 | -36.3% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Panama in 2022:
- Spain (2.5 tons)
- United States (0.7 tons)
- Netherlands (0.4 tons)
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