Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Panama - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Panama (CIF) - 2023
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Panama (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Panama
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Panama
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Panama (CIF) - 2023
In September 2023, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $17,394 per ton, falling by -7.2% against the previous month. Overall, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in January 2023 an increase of 77% month-to-month. Over the period under review, average import prices hit record highs at $33,513 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($39,853 per ton), while the price for India ($5,841 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Colombia (+65.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Panama (FOB) - 2022
In 2022, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $14,286 per ton, therefore, remained relatively stable against the previous year. In general, the export price posted a modest increase. The pace of growth appeared the most rapid in 2013 an increase of 26% against the previous year. Over the period under review, the average export prices hit record highs at $18,412 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Honduras ($14,313 per ton) and Belize ($14,312 per ton), while the average price for exports to Nicaragua ($14,145 per ton) and Guatemala ($14,193 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Panama
Imports of iron or steel; non-threaded cotters and cotter-pinses into Panama rose modestly to 70 tons in 2022, growing by 2.7% compared with the year before. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 41% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses expanded remarkably to $1.5M in 2022. In general, total imports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 67% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 683 | 398 | 1,171 | 1,241 | 22.0% |
| China | 340 | 247 | 21.1 | 54.8 | -45.6% |
| Colombia | 22.5 | 17.9 | 12.0 | 38.4 | 19.5% |
| Free Zones | 19.1 | 20.4 | 50.1 | 32.8 | 19.8% |
| Spain | 2.6 | 0.4 | 1.7 | 28.8 | 122.9% |
| South Korea | 17.0 | 7.0 | 5.9 | 16.4 | -1.2% |
| South Africa | 115 | N/A | N/A | N/A | 0% |
| Others | 65.3 | 102 | 61.0 | 46.5 | -10.7% |
| Total | 1,264 | 793 | 1,323 | 1,458 | 4.9% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Panama in 2022:
- United States (45.1 tons)
- Colombia (8.7 tons)
- China (5.6 tons)
- Spain (3.9 tons)
- Free Zones (2.4 tons)
- South Korea (1.8 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Panama
In 2022, shipments abroad of iron or steel; non-threaded cotters and cotter-pinses decreased by 0% to 18 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a deep downturn. The pace of growth was the most pronounced in 2020 when exports increased by 12%. As a result, the exports attained the peak of 36 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses totaled $255K in 2022. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 11%. As a result, the exports attained the peak of $511K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 301 | 411 | N/A | 191 | -14.1% |
| Guatemala | 81.3 | 30.4 | N/A | 26.1 | -31.5% |
| Nicaragua | 35.0 | 35.8 | N/A | 20.6 | -16.2% |
| Belize | 6.1 | 10.0 | N/A | 4.6 | -9.0% |
| Others | 34.5 | 24.0 | N/A | 13.4 | -27.0% |
| Total | 458 | 511 | N/A | 255 | -17.7% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Panama in 2022:
- Honduras (13.3 tons)
- Guatemala (1.8 tons)
- Nicaragua (1.5 tons)
- Belize (0.3 tons)
79
This report provides an in-depth analysis of the threaded metal articles market in Panama.
57
This report provides an in-depth analysis of the metal washer market in Panama.
96
This report provides an in-depth analysis of the metal spring washer market in Panama.
160
This report provides an in-depth analysis of the metal self-tapping screw market in Panama.
119
This report provides an in-depth analysis of the metal screw hook market in Panama.
87
This report provides an in-depth analysis of the metal rivet market in Panama.
63
This report provides an in-depth analysis of the metal self-locking nut market in Panama.
93
This report provides an in-depth analysis of the nail and bolt market in Panama.
347
Global Metal Cotter Pin Market Report 2018. This report provides an in-depth analysis of the global metal cotter pin market.
970
This report provides an in-depth analysis of the global threaded metal articles market.
204
The global market for iron or steel nuts, including self-locking nuts, is expected to see continued growth over the next seven years driven by increasing demand. Market performance is forecasted to expand with a CAGR of +0.7% in volume and +3.0% in value from 2023 to 2030.
135
Explore the top import markets for metal self-locking nuts. Discover the countries with the highest import values and opportunities for exporters. Data from IndexBox platform.
170
Explore the top import markets for metal self-locking nuts based on their import value in 2022. Understand the key statistics and market dynamics of these countries.
182
Explore the leading import markets for nail and bolt products, including the United States, Germany, Mexico, China, and more. Discover key statistics and opportunities in this thriving industry.
5612
In value terms, screws, bolts, nuts, coach screws imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some...
847
In value terms, copper, nails, tacks, drawing pins, staples imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern in...
1368
In value terms, screws, bolts, nuts, coach screws exports stood at $X in 2016. Overall, it indicated a perceptible increase from 2007 to 2016: the total exports value increased at an average annual ...
859
In value terms, copper, nails, tacks, drawing pins, staples exports totaled $X in 2016. In general, copper, nails, tacks, drawing pins, staples exports continue to indicate a relatively flat trend ...
831
In 2016, the global imports of nail and bolt totaled X tons, going down by -X% against the previous year level. Overall, nail and bolt imports continue to indicate a relatively flat trend patte...
1915
In 2016, the global imports of nail and bolt totaled X tons, going down by -X% against the previous year level. Overall, nail and bolt imports continue to indicate a relatively flat trend patte...
