Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Panama - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Panama (CIF) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Panama
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Panama (CIF) - 2024
In November 2023, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $827 per ton, declining by -2.1% against the previous month. Over the period under review, the import price saw a abrupt decline. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 11% against the previous month. Over the period under review, average import prices hit record highs at $1,322 per ton in February 2023; however, from March 2023 to November 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was Peru ($1,129 per ton), while the price for China stood at $813 per ton.
From February 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Peru (-2.4%), while the prices for the other major suppliers experienced a decline.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Panama
After two years of decline, purchases abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by -32.9% to 6K tons in 2022. Overall, imports recorded a drastic downturn.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs contracted to $8M in 2022. In general, imports, however, continue to indicate modest growth.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 5.3 | N/A | 4.8 | 3.2 | -15.5% |
| China | 1.1 | N/A | 1.7 | 2.9 | 38.1% |
| Mexico | 0.7 | N/A | 0.8 | 0.9 | 8.7% |
| Peru | N/A | N/A | 0.2 | 0.3 | 50.0% |
| United Arab Emirates | N/A | N/A | N/A | 0.2 | 0% |
| Colombia | N/A | N/A | N/A | 0.2 | 0% |
| Dominican Republic | 0.6 | N/A | 0.4 | 0.1 | -45.0% |
| Russia | N/A | N/A | 0.5 | N/A | 0% |
| Others | 0.1 | N/A | 0.5 | 0.2 | 26.0% |
| Total | 7.7 | N/A | 9.0 | 8.0 | 1.3% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Panama in 2022:
- Turkey (2528.7 tons)
- China (2287.4 tons)
- Mexico (568.0 tons)
- Peru (190.3 tons)
- Colombia (154.5 tons)
- United Arab Emirates (99.0 tons)
- Dominican Republic (50.0 tons)
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