Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Panama - 2024

Contents:

1. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Panama (CIF) - 2022
2. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Panama (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Panama
4. Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Panama

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Panama (CIF) - 2022

In 2022, the average import price for tube or pipe fittings of non-malleable cast iron amounted to $4,267 per ton, shrinking by -5.5% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average import price increased by 89%. Over the period under review, average import prices attained the maximum at $7,096 per ton in 2014; however, from 2015 to 2022, import prices stood 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 ($22,977 per ton), while the price for the United Arab Emirates ($2,726 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Panama (FOB) - 2022

The average export price for tube or pipe fittings of non-malleable cast iron stood at $6,810 per ton in 2022, surging by 12% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2016 an increase of 176%. As a result, the export price reached the peak level of $16,542 per ton. From 2017 to 2022, the average export prices remained at a somewhat 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 Guatemala ($13,818 per ton), while the average price for exports to Costa Rica amounted to $5,208 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+2.2%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Panama

In 2022, approx. 54 tons of tube or pipe fittings of non-malleable cast iron were imported into Panama; declining by -45.5% against 2021 figures. Over the period under review, imports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year.

In value terms, imports of tube or pipe fittings of non-malleable cast iron dropped sharply to $229K in 2022. Overall, imports faced a sharp reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 42%.

Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to Panama in 2022:

1. China (33.2 tons)
2. United Arab Emirates (9.9 tons)
3. Spain (5.4 tons)
4. Free Zones (2.4 tons)
5. Colombia (1.9 tons)
6. United States (0.8 tons)

Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Panama

In 2022, approx. 84 kg of tube or pipe fittings of non-malleable cast iron were exported from Panama; declining by -92.4% compared with the year before. Overall, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 1,864%. As a result, the exports reached the peak of 1.1 tons, and then declined markedly in the following year.

In value terms, exports of tube or pipe fittings of non-malleable cast iron contracted rapidly to $572 in 2022. Over the period under review, exports showed a sharp curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 765%. As a result, the exports reached the peak of $6.7K, and then fell sharply in the following year.

Top Export Markets for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron from Panama in 2022:

1. Costa Rica (72.0 kg)
2. Guatemala (11.0 kg)

Source: IndexBox Market Intelligence Platform