Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Panama - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Panama (CIF) - 2022
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Panama (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Panama
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Panama
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Panama (CIF) - 2022
In 2022, the average import price for stainless steel bars and rods, angles, shapes and sectionses amounted to $4,640 per ton, increasing by 37% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The import price peaked at $4,816 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 Spain ($7,845 per ton), while the price for Colombia ($3,264 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Panama (FOB) - 2022
Panama has no trade partners to describe.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Panama
In 2022, imports of stainless steel bars and rods, angles, shapes and sectionses into Panama reduced to 260 tons, which is down by -2.5% compared with the previous year. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, imports attained the peak of 267 tons, and then dropped slightly in the following year.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses soared to $1.2M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.7% 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 +98.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 348 | 339 | 540 | 797 | 31.8% |
| United States | 197 | 102 | 268 | 305 | 15.7% |
| Colombia | 0.5 | 3.5 | 0.5 | 42.0 | 338.0% |
| India | 2.2 | 31.7 | 29.4 | 19.0 | 105.2% |
| Taiwan (Chinese) | 261 | 84.4 | 39.1 | N/A | -61.3% |
| Others | 56.1 | 48.7 | 25.0 | 43.4 | -8.2% |
| Total | 865 | 609 | 902 | 1,207 | 11.7% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Panama in 2022:
- China (185.7 tons)
- United States (49.9 tons)
- Colombia (12.9 tons)
- India (5.1 tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Panama
In 2022, approx. 1.5 tons of stainless steel bars and rods, angles, shapes and sectionses were exported from Panama; approximately reflecting the year before. Over the period under review, exports recorded a significant decline. The smallest decline of -70.3% was in 2020.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses totaled $6K in 2022. In general, exports showed a sharp downturn. The smallest decline of -71.1% was in 2020.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 29.1 | 1.4 | N/A | N/A | -95.2% |
| Suriname | 6.0 | 0.9 | N/A | N/A | -85.0% |
| United States | 3.0 | N/A | N/A | N/A | 0% |
| Venezuela | 2.0 | 1.0 | N/A | N/A | -50.0% |
| Honduras | 0.1 | 1.5 | N/A | N/A | 1400.0% |
| Others | 1.4 | 7.3 | N/A | 6.0 | 62.4% |
| Total | 41.5 | 12.0 | N/A | 6.0 | -47.5% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Panama in 2022:
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121
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China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
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Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
1009
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