Price for Safety Pins and Other Pins; of Iron or Steel in Panama - 2024

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Panama (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Panama (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Panama
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Panama

Price for Safety Pins and Other Pins; of Iron or Steel in Panama (CIF) - 2022

In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $6,381 per ton, which is down by -29.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 75%. Over the period under review, average import prices attained the peak figure at $12,829 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($29,662 per ton), while the price for China ($3,825 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.3%), while the prices for the other major suppliers experienced a decline.

Price for Safety Pins and Other Pins; of Iron or Steel in Panama (FOB) - 2022

In 2022, the average export price for safety pins and other pins; of iron or steels amounted to $1,537 per ton, shrinking by -19.1% against the previous year. In general, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 142% against the previous year. As a result, the export price reached the peak level of $5,657 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($3,642 per ton), while the average price for exports to Colombia ($361 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 Guatemala (+11.0%), while the prices for the other major destinations experienced a decline.

Imports of Safety Pins and Other Pins; of Iron or Steel in Panama

In 2022, the amount of safety pins and other pins; of iron or steels imported into Panama soared to 8 tons, picking up by 91% compared with 2021 figures. Over the period under review, imports, however, showed a abrupt decrease.

In value terms, imports of safety pins and other pins; of iron or steels soared to $51K in 2022. Overall, imports, however, showed a abrupt setback.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Panama in 2022:

1. China (4.5 tons)
2. Free Zones (2.7 tons)
3. United States (0.5 tons)
4. Japan (0.3 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Panama

After two years of decline, shipments abroad of safety pins and other pins; of iron or steels increased by 140% to 2.6 tons in 2022. Over the period under review, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of safety pins and other pins; of iron or steels skyrocketed to $4.1K in 2022. In general, exports, however, showed a noticeable contraction.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Panama in 2022:

1. Guyana (729.0 kg)
2. Grenada (685.0 kg)
3. Belize (237.0 kg)
4. Colombia (219.0 kg)
5. Trinidad and Tobago (204.0 kg)
6. Costa Rica (198.0 kg)
7. Jamaica (180.0 kg)
8. Dominican Republic (180.0 kg)

Source: IndexBox Market Intelligence Platform