Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Panama - 2024
Contents:
- Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Panama (CIF) - 2022
- Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Panama (FOB) - 2022
- Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Panama
- Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Panama
Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Panama (CIF) - 2022
In 2022, the average import price for sanitary ware and parts thereof, of iron or steel amounted to $7.9 per unit, growing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2014 an increase of 25%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 Mexico ($14 per unit), while the price for Colombia ($4.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Panama (FOB) - 2022
The average export price for sanitary ware and parts thereof, of iron or steel stood at $12 per unit in 2020, waning by -3.3% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 22%. As a result, the export price attained the peak level of $14 per unit. From 2019 to 2020, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($17 per unit), while the average price for exports to Honduras ($8.2 per unit) was amongst the lowest.
From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Panama
Imports of sanitary ware and parts thereof, of iron or steel into Panama dropped dramatically to 577K units in 2022, declining by -20.4% on the previous year. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. Over the period under review, imports of reached the maximum at 1.1M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of sanitary ware and parts thereof, of iron or steel dropped to $4.6M in 2022. Overall, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 16%. Over the period under review, imports of attained the maximum at $7.1M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Sanitary Ware and Parts Thereof, of Iron or Steel in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,694 | 2,920 | 2,779 | 2,139 | -16.7% |
| United States | 1,032 | 460 | 938 | 903 | -4.4% |
| Free Zones | 1,138 | 590 | 661 | 589 | -19.7% |
| Mexico | 254 | 87.7 | 236 | 272 | 2.3% |
| Spain | 132 | 68.8 | 72.2 | 211 | 16.9% |
| Taiwan (Chinese) | 111 | 129 | 175 | 180 | 17.5% |
| Colombia | 102 | 23.1 | 26.5 | 67.2 | -13.0% |
| Hong Kong SAR | 280 | 38.1 | 28.0 | 15.1 | -62.2% |
| Others | 385 | 149 | 278 | 199 | -19.7% |
| Total | 7,129 | 4,465 | 5,194 | 4,574 | -13.8% |
Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Panama in 2022:
- China (352.2K units)
- United States (72.0K units)
- Free Zones (68.1K units)
- Mexico (19.2K units)
- Spain (17.6K units)
- Taiwan (Chinese) (15.2K units)
- Colombia (14.0K units)
- Hong Kong SAR (2.6K units)
Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Panama
In 2020, exports of sanitary ware and parts thereof, of iron or steel from Panama fell notably to 137K units, reducing by -26.6% on 2019 figures. Overall, exports showed a precipitous contraction. The exports peaked at 186K units in 2019, and then contracted sharply in the following year.
In value terms, exports of sanitary ware and parts thereof, of iron or steel shrank remarkably to $1.7M in 2020. Over the period under review, exports recorded a significant decrease. Over the period under review, the exports of attained the peak figure at $2.4M in 2019, and then fell notably in the following year.
| Export of Sanitary Ware and Parts Thereof, of Iron or Steel in Panama (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 |
| Cuba | 7.8 | 245 | 3041.0% |
| Nicaragua | 109 | 123 | 12.8% |
| Venezuela | 65.7 | 103 | 56.8% |
| Costa Rica | 79.5 | 98.2 | 23.5% |
| Trinidad and Tobago | 166 | 93.7 | -43.6% |
| El Salvador | 52.2 | 85.4 | 63.6% |
| Guyana | 109 | 72.6 | -33.4% |
| Jamaica | 119 | 71.3 | -40.1% |
| Guatemala | 131 | 48.8 | -62.7% |
| Dominican Republic | 67.4 | 36.7 | -45.5% |
| Honduras | 46.8 | 31.0 | -33.8% |
| Ecuador | 79.3 | 18.8 | -76.3% |
| Others | 1,347 | 662 | -50.9% |
| Total | 2,380 | 1,689 | -29.0% |
Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Panama in 2022:
- Cuba (27.2K units)
- Nicaragua (8.5K units)
- Venezuela (8.1K units)
- Trinidad and Tobago (7.4K units)
- Costa Rica (6.3K units)
- El Salvador (5.2K units)
- Guyana (4.6K units)
- Jamaica (4.5K units)
- Guatemala (4.4K units)
- Honduras (3.8K units)
- Dominican Republic (2.2K units)
- Ecuador (1.1K units)
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