Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Panama - 2024
Contents:
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Panama (CIF) - 2022
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Panama (FOB) - 2022
- Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Panama
- Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Panama
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Panama (CIF) - 2022
The average import price for iron or steel cast fittings, other than of non-malleable cast ira stood at $5,263 per ton in 2022, rising by 38% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 steel cast fittings, other than of non-malleable cast ira increased by +102.9% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 54% against the previous year. As a result, import price attained the peak level of $6,165 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($21,892 per ton), while the price for China ($3,788 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Panama (FOB) - 2022
In 2022, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $15,117 per ton, picking up by 94% against the previous year. Over the period under review, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 184% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guyana ($21,807 per ton), while the average price for exports to Ecuador ($7,722 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 Barbados (+356.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Panama
In 2022, approx. 134 tons of iron or steel cast fittings, other than of non-malleable cast ira were imported into Panama; with an increase of 14% compared with 2021 figures. In general, imports, however, continue to indicate a precipitous setback.
In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira skyrocketed to $706K in 2022. Overall, imports, however, faced a sharp slump.
| Import of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,085 | 27.6 | 50.2 | 269 | -37.2% |
| China | 440 | 644 | 291 | 269 | -15.1% |
| Spain | 4.5 | 20.9 | N/A | 85.3 | 166.6% |
| Free Zones | 7.8 | 26.1 | 61.2 | 51.5 | 87.6% |
| Taiwan (Chinese) | 111 | 11.7 | 3.5 | N/A | -82.2% |
| Others | 176 | 76.1 | 41.6 | 30.9 | -44.0% |
| Total | 1,826 | 806 | 447 | 706 | -27.1% |
Top Suppliers of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron to Panama in 2022:
- China (70.9 tons)
- United States (41.7 tons)
- Spain (10.0 tons)
- Free Zones (9.5 tons)
Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Panama
In 2022, approx. 657 kg of iron or steel cast fittings, other than of non-malleable cast ira were exported from Panama; which is down by -45.7% compared with the previous year's figure. In general, exports faced a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 13%.
In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira expanded remarkably to $9.9K in 2022. Over the period under review, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 27%.
| Export of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guyana | 4.5 | N/A | N/A | 5.3 | 5.6% |
| Costa Rica | N/A | 1.3 | 4.0 | 2.8 | 46.8% |
| Trinidad and Tobago | 0.4 | N/A | 0.1 | 0.9 | 31.0% |
| Ecuador | 2.2 | N/A | N/A | 0.6 | -35.2% |
| Barbados | N/A | N/A | N/A | 0.4 | 0% |
| Belgium | 1.5 | 2.8 | N/A | N/A | 86.7% |
| Colombia | 4.2 | N/A | 0.3 | N/A | -73.3% |
| Aruba | N/A | 1.7 | 0.3 | N/A | -82.4% |
| Sweden | 4.1 | N/A | N/A | N/A | 0% |
| Guatemala | 17.6 | 0.4 | 1.8 | N/A | -68.0% |
| Jamaica | 1.0 | 0.1 | 1.0 | N/A | 0.0% |
| Others | 3.2 | 1.2 | 2.0 | N/A | -20.9% |
| Total | 38.6 | 7.4 | 9.4 | 9.9 | -36.5% |
Top Export Markets for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron from Panama in 2022:
- Costa Rica (257.0 kg)
- Guyana (244.0 kg)
- Ecuador (72.0 kg)
- Trinidad and Tobago (50.0 kg)
- Barbados (34.0 kg)
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