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Panama - Table, Kitchen Or Household Articles And Parts Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Stainless Steel Household Articles in Panama - 2023
Contents:
- Price for Stainless Steel Household Articles in Panama (CIF) - 2023
- Price for Stainless Steel Household Articles in Panama (FOB) - 2022
- Imports of Stainless Steel Household Articles in Panama
- Exports of Stainless Steel Household Articles in Panama
Price for Stainless Steel Household Articles in Panama (CIF) - 2023
The average stainless steel household articles import price stood at $5.7 per unit in July 2023, surging by 2.7% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 68% against the previous month. Over the period under review, average import prices reached the maximum at $7.3 per unit in October 2022; however, from November 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($25.6 per unit), while the price for China ($5.6 per unit) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stainless Steel Household Articles in Panama (FOB) - 2022
In 2022, the average stainless steel household articles export price amounted to $8.6 per unit, approximately mirroring the previous year. Over the period under review, the export price saw a pronounced increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 17%. Over the period under review, the average export prices hit record highs at $8.7 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Guatemala ($8.7 per unit) and Trinidad and Tobago ($8.7 per unit), while the average price for exports to Free Zones ($8.6 per unit) and Venezuela ($8.6 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel Household Articles in Panama
In 2022, approx. 797K units of table, kitchen or household articles and parts of stainless steel were imported into Panama; which is down by -9.3% against 2021. Overall, imports saw a pronounced downturn. The pace of growth was the most pronounced in 2021 with an increase of 56% against the previous year. As a result, imports reached the peak of 879K units, and then dropped in the following year.
In value terms, stainless steel household articles imports dropped slightly to $4.9M in 2022. In general, total imports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.8% 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 +97.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 98% against the previous year. As a result, imports reached the peak of $4.9M, leveling off in the following year.
Import of Stainless Steel Household Articles in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,789 | 1,085 | 1,737 | 2,818 | 16.4% |
United States | 1,578 | 701 | 1,440 | 834 | -19.1% |
Brazil | 156 | 183 | 450 | 454 | 42.8% |
Free Zones | 247 | 284 | 696 | 421 | 19.5% |
Spain | 370 | 22.2 | 45.2 | 60.1 | -45.4% |
Colombia | 121 | 62.4 | 245 | 38.2 | -31.9% |
Others | 398 | 151 | 312 | 288 | -10.2% |
Total | 4,660 | 2,489 | 4,926 | 4,914 | 1.8% |
Top Suppliers of Stainless Steel Household Articles to Panama in 2022:
- China (502.7K units)
- United States (129.5K units)
- Free Zones (82.1K units)
- Brazil (41.6K units)
- Spain (7.4K units)
- Colombia (6.8K units)
Exports of Stainless Steel Household Articles in Panama
In 2022, overseas shipments of table, kitchen or household articles and parts of stainless steel decreased by 0% to 39K units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 67% against the previous year. As a result, the exports attained the peak of 78K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, stainless steel household articles exports stood at $336K in 2022. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 65% against the previous year. As a result, the exports reached the peak of $671K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Stainless Steel Household Articles in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Venezuela | 3.1 | 129 | N/A | 60.0 | 168.5% |
Colombia | 53.5 | 105 | N/A | 48.9 | -3.0% |
Dominican Republic | 33.0 | 51.7 | N/A | 24.0 | -10.1% |
Costa Rica | 13.7 | 45.6 | N/A | 21.1 | 15.5% |
United States | 6.8 | 31.4 | N/A | 14.6 | 29.0% |
Nicaragua | 30.6 | 21.5 | N/A | 11.1 | -28.7% |
El Salvador | 29.5 | 12.8 | N/A | 9.4 | -31.7% |
Aruba | 5.4 | 16.1 | N/A | 7.5 | 11.6% |
Brazil | 4.2 | 13.9 | N/A | 6.5 | 15.7% |
Free Zones | 0.3 | 12.9 | N/A | 6.0 | 171.4% |
Trinidad and Tobago | 23.9 | 2.1 | N/A | 5.6 | -38.4% |
Honduras | 17.7 | 7.9 | N/A | 5.5 | -32.3% |
Guatemala | 17.6 | 4.0 | N/A | 4.5 | -36.5% |
Others | 168 | 216 | N/A | 111 | -12.9% |
Total | 407 | 671 | N/A | 336 | -6.2% |
Top Export Markets for Stainless Steel Household Articles from Panama in 2022:
- Venezuela (7.0K units)
- Colombia (5.7K units)
- Dominican Republic (2.8K units)
- Costa Rica (2.5K units)
- United States (1.7K units)
- Nicaragua (1.3K units)
- El Salvador (1.1K units)
- Aruba (0.9K units)
- Brazil (0.8K units)
- Free Zones (0.7K units)
- Honduras (0.6K units)
- Trinidad and Tobago (0.6K units)
- Guatemala (0.5K units)
This report provides an in-depth analysis of the market for stainless steel household articles in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25991225 - Table, kitchen or household articles and parts thereof of stainless steel (excluding cutlery)
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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